Enoch Aikins, a political economist with ties to Ghana, illustrates the personal impact of remittances in Africa. He shares his own experiences of providing financial support to family members for medical bills, education, and emergency expenses. Recent U.S. tax reforms, including a 3.5% tax on remittances, threaten this critical source of income for many migrants. Aikins highlights that while the tax primarily affects migrants from Latin America, it also poses significant challenges for African families dependent on financial assistance from relatives abroad. He emphasizes the broader implications for families reliant on these transfers.
"Anytime there's a family problem, they call me and I have to quickly find a way to send money to them to solve an emergency crisis."
"The importance of these financial transfers has come into sharp effect as a result of US President Donald Trump's tax bill, which includes a 3.5% tax on remittances."
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