Send Money To Ghana

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Ghana Flag
Ghana
GHS
1 USD equals
5.782 GHS
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      +

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Ghana

      How To Step Icon
      Step 1
      Examine options, sign up
      Examine options, sign up
      Start by looking at the best companies that let you send money to Ghana.
      Make a selection based on any specific requirement you might have.
      Provide the mandatory information needed to sign up as an individual or business customer. Include details from a valid identity document such as your driver's license or passport.
      How To Step Icon
      Step 2
      Check exchange rate, initiate the transfer
      Check exchange rate, initiate the transfer
      Review the GHS exchange rate history to give you an indication if it is a good time to send money to Ghana.
      To begin the transfer process, get a rate quote from your service provider by letting them know the amount you plan to transfer.
      Confirm the transfer by locking the exchange rate.
      Enter the recipient's bank account details.
      How To Step Icon
      Step 3
      Pay and track your transfer
      Pay and track your transfer
      Make your payment using any of the available methods.
      Once your service provider gets the payment, it begins the process of transferring money to Ghana.
      Most companies let their customers track transfers online, and some also provide timely notifications via text messages.

      Currency Symbol and Swift Codes

      The Ghanaian cedi (GHS) is the official of currency of Ghana. The first cedi was introduced in 1965, and it was replaced by the second cedi in 1967. The third cedi has been in use since July 2007. One cedi is divided into 100 pesewas.

      If you plan to send money to a Ghanaian bank account, you will need the bank’s SWIFT code. Here are SWIFT codes of some of the top banks in Ghana.

      BANKBRANCHSWIFT CODE
      Ghana Commercial Bank (GCB)AccraGHCBGHACXXX
      Ecobank GhanaAccraECOCGHACCUS
      Zenith BankAccraZEBLGHACXXX
      Barclays Bank of GhanaAccraBARCGHACXXX

       

      Case Study

      Emanuel had to move from Ghana to the UK because of work. However, his parents and younger sister stayed back in Ghana. After getting to the UK, Emanuel was to start sending some money back home to his parents. Using the bank he banked with in the UK was an option, but he decided to compare his alternatives. This is what he found after running a comparison.

       BANKMONEY TRANSFER SERVICE
      Exchange rateGBP 1 = GHS 5.7632GBP 1 = GHS 6.0070
      Transfer feeGBP 20GBP 0
      Amount received for GBP 1,500GHS 8,471.90GHS 9,010.50
      Transfer time3 to 6 days2 to 3 days
      Transfer optionsBank accountBank account
      Difference of GHS 538.60

      Emmanuel decided to go with the money transfer company instead of the bank because it resulted in his parents receiving a little extra money, and the company offered a quicker turnaround time too. In addition, it gave Emanuel the ability to schedule transfers according to his needs.

       

      Cash Pickup Locations in Ghana

      If sending money to Ghana in a hurry is your top priority, consider using the services of a company that has cash pickup centers in the country. Some of your options include Western Union, MoneyGram, WorldRemit, Ria, and Azimo.

      WESTERN UNION IN GHANA 
      Accra Katamanto Branch Tarzan Building, Katamanto Ac AccraAirport Square Plot 21, Airport City Accrra
      Kumasi Best Point Suame, Suame Water Works KumaseFirst Allied Sandl Sokoban, Sokoban Wood Village, Adum Kumasi, Kumasi
      MONEYGRAM IN GHANA 
      Accra The Royal Bank - Accra - Abeka Branch, Adjacent Aryton Drugs, AccraFBN Bank Ghana - Kaneshie Atico Junction, Accra
      Kumasi Ecobank Ghana Ltd, Pampaso Kejetia PMB GPO KumasiEcobank Ghana Ltd - Ashtown PMB GPO St. Anne's Anglican Church Building Kumasi

       

      Safety Tips for Picking Up Cash in Ghana

      If you plan to collect a large sum of money from a cash pickup center, consider taking someone you trust along. Petty crimes such as bag snatching and pickpocketing are common, as are attacks by motorbike-borne criminals. If you are at the receiving end of an armed robbery, do not resist as it can lead to disastrous consequences.

      Avoid walking alone, especially after dark. Thefts have been reported from hotel rooms so keep your valuables with care.

       

      What Information Do I Need to Transfer Money to Ghana?

      The information you need to carry out a money transfer to Ghana depends on how you want the recipient to receive the transferred funds.

      • Bank account. Information needed to send money to a bank account in Ghana includes the recipient’s complete name, a bank account number, the receiving bank’s name, and the receiving bank’s SWIFT code.
      • Cash pickup center. Along with the recipient’s complete name, you will need the location of a suitable cash pickup center. The recipient may collect the money by carrying a valid form of photo ID and a transaction number.

       

      Regulations When Transferring Money To and From Ghana

      The Ghanaian cedi is a fully convertible free flowing currency so you may trade in it easily. While the country imposed strict transfer regulations in 2014, most have been lifted because of the resultant burden caused to different financial institutions. The Bank of Ghana is responsible for overseeing the country’s payment and financial systems.

      The maximum you may carry out of the country as cash is U.S. $5,000 or its equivalent in another currency. The maximum limit for over-the-counter foreign currency withdrawal is set at U.S. $10,000 or its equivalent in another currency.

      Convert USD to GHS

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      GHS
      Sending money online through specialist money transfer companies.

      Expect to receive between GHC572.38 and GHC575.84 when sending money from USD to GHS at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately GHC549.25, not including additional banking fees. That is an average saving of GHC24.86.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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