By George Antwi
Making online transfers of money to Ghana is no longer difficult because of how far the money transfer industry has come. Due to the extensive networks of intermediaries, time-consuming paperwork, and hidden fees, sending money abroad has historically been difficult and expensive.
The industry has changed over the past few years, allowing many people and even small to medium-sized businesses to benefit from faster, more affordable, and value-added foreign money transfer services.
To deepen the operation of the remittance sector in Ghana and boost the economy, the Bank of Ghana has approved RightCard (LemFi) to operate remittances to Ghana.
RightCard Payment Services Limited (LemFi) is proud to announce that it has obtained approval from the Bank of Ghana (BoG) to resume its remittance services to Ghana with some of its approved partners.
This is consistent with RightCard’s (LemFi) commitment to providing secure and efficient services while complying with the set regulatory framework by the Bank of Ghana.
Today, RightCard (LemFi) has formally announced the resumption of its services to Ghana, following a temporary suspension of its money transfer services to Ghana in November 2023. RightCard Payment Services Limited (LemFi) can now deliver its services in Ghana through payment companies BigPay and ExpressPay, as approved by the Bank of Ghana.
RightCard (LemFi) delivers innovative services and products in various markets through the LemFi app. LemFi is already licenced as an Electronic Money Institution with the Financial Conduct Authority in the United Kingdom.
“We are grateful to stakeholders at the Bank of Ghana as well as our partners for their role in ensuring service restoration,” says Precious Ama Kwartemaa Oduro, LemFi’s Country Manager.
“We resume our operations with a better understanding, and we are now better positioned to address the evolving needs of the Ghanaian market.”
LemFi’s return to Ghana is marked by a renewed focus on improved customer satisfaction, strengthened partnerships with key stakeholders, and a commitment to fostering financial inclusion. Customers, existing and prospective, can now take advantage of LemFi’s competitive exchange rate offering, zero transaction fees and instant transfer delivery by downloading the app from the iOS or Google Play Store.
In 2022, the value of remittances to Ghana grew throughout the year to reach a record US$4.7 billion despite the cost-of-living crisis, an indication of the eagerness by Ghanaians abroad to alleviate the financial situation of their families back home.
