Africa money-transfer fees slammed

Press Association
Updated
File photo dated 18/03/13 of money as people should be forced to put money into a pension in the same way that they have to pay taxes, according to a think-tank. PRESS ASSOCIATION Photo. Issue date: Wednesday January 22, 2014. Policy Exchange said that a
File photo dated 18/03/13 of money as people should be forced to put money into a pension in the same way that they have to pay taxes, according to a think-tank. PRESS ASSOCIATION Photo. Issue date: Wednesday January 22, 2014. Policy Exchange said that a

%VIRTUAL-SkimlinksPromo%The families of Africans living in the UK are losing tens of millions of pounds a year because of the high cost of sending money home, according to a new report.

The Overseas Development Institute think-tank said charges average 12% on money transfers, almost double the global average.

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