Survey: Why Do Diasporans Send Money Home?
Remittances from Africans in the Diaspora are helping to reduce poverty and boost prosperity in individual households throughout sub-Saharan Africa. Worldwide, Diasporans sent home to their relatives nearly $33 billion in remittances in 2014, exceeding official development assistance.
African Diasporans pay more to send money to their home countries compared to other Diaspora groups worldwide — in some cases twice the global average, according to the World Bank. South Africa, Tanzania, and Ghana are the most expensive sending countries in Africa, with fees averaging 20.7 percent, 19.7 percent, and 19.0 percent.
If you are part of the African Diaspora, we’d love to hear from you!
The survey can be accessed here. All responses will be confidential.