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Harnessing the Benefits of Remittances via a Health Account

Author

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  • Komla Amega

    (School of Business and Law, University of Brighton, Brighton)

Abstract

Remittances remain a vital financial inflow into the economies of Sub-Saharan Africa (SSA). Many studies have outlined its role in indicators such as health, education, poverty reduction, economic growth, financial development, among others. This stimulates the need to harness the benefits associated with this financial inflow. The study proposes an idea to utilize remittances in Sub-Saharan Africa and advances recommendations to augment existing initiatives. A descriptive approach was used. The study recommends the creation of a health account to encourage savings purposely for the healthcare financing of remittance recipients in SSA. It further outlines processes via which such an account could work and the prospective benefits be reaped.

Suggested Citation

  • Komla Amega, 2023. "Harnessing the Benefits of Remittances via a Health Account," Journal of Developing Societies, , vol. 39(3), pages 397-404, September.
    • Handle: RePEc:sae:jodeso:v:39:y:2023:i:3:p:397-404
    DOI: 10.1177/09734082231182309
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    References listed on IDEAS

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    1. Maria Cristina Zhunio & Sharmila Vishwasrao & Eric P. Chiang, 2012. "The influence of remittances on education and health outcomes: a cross country study," Applied Economics, Taylor & Francis Journals, vol. 44(35), pages 4605-4616, December.
    2. Komla Amega, 2018. "Remittances, education and health in Sub-Saharan Africa," Cogent Economics & Finance, Taylor & Francis Journals, vol. 6(1), pages 1516488-151, January.
    3. Sanket Mohapatra & Dilip Ratha & Sonia Plaza & Caglar Ozden & William Shaw & Abebe Shimeles, 2011. "Leveraging Migration for Africa : Remittances, Skills, and Investments [Optimisation du phénomène migratoire pour l’Afrique : Envois de fonds, compétences et investissements]," World Bank Publications - Books, The World Bank Group, number 2300, April.
    4. Lisa Chauvet & Flore Gubert & Sandrine Mesplé-Somps, 2009. "Are Remittances More Effective Than Aid To Reduce Child Mortality? An Empirical Assessment using Inter and Intra-Country Data," Working Papers DT/2009/11, DIAL (Développement, Institutions et Mondialisation).
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