Boat ride in Ghana

Send money to Ghana with these tips

Information verified correct on March 25th, 2017

Looking to send money to Ghana from the US? Let us show you how.

When you need to get money to a loved one overseas, the last thing you want to deal with is navigating a potentially complicated and expensive process. Maybe you’re helping out an aunt in Sunyani or starting a business in Accra.
Sending money from the US to Ghana doesn’t have to be expensive. From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, you’ll want to compare transfer fees and exchange rates of the options available to get the best deal.

Compare money transfer services to Ghana

Use our interactive table to compare transfer fees, exchange rates and other details for sending funds to loved ones and businesses in Ghana with our money transfer partners.

Rates last updated March 25th, 2017

Enter your details to speak to a foreign exchange expert

By submitting this form, you agree to finder.com privacy policy
Ofx Logo

Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options.

With over 17 years of foreign exchange expertise and over $100 billion transferred, OFX can help with all your currency exchange needs, including:

  • Buying property abroad
  • Emigrating
  • Regular overseas payments
  • Risk management
  • Forecasting

Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Wyre International Money Transfers
No transfer fees for finder... No transfer fees for finder.com readers. Make transfers with Bitcoin.
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Exclusive offer: $0 transfer fee ... Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.
USD 500 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
WorldRemit International Money Transfers
Use promo code FREE to ... Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
TransferWise International Money Transfers
Enjoy high maximum transfers into ... Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
OFX International Money Transfers
Send safe... Send safe, no-limit transfers with no fees and competitive exchange rates.
USD 150 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money into 20 currencies ... Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.
USD 100 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
No hidden fees and a ... No hidden fees and a best rate guarantee for 60 global currencies.
USD 150 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Wells Fargo Bank
While more expensive than other ... While more expensive than other options, securely send money to 13 Latin American and Asian countries.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
More

Have we missed anything in the comparison table? Tell us

  • If the provider quotes a different rate to the one above please let us know

Case study: Your US banks vs. money transfer companies

Samuel Addo arrived in America as a student. He got a job almost as soon as he completed his college education, which allowed him to remain in the country. While his father has a stable job back home in Ghana, he wants to start sending $1,000 to his parents monthly so they can lead a more comfortable lifestyle.

When he visits his local bank, he learns that they do not transfer funds to Ghana because they consider Ghanaian cedi an exotic currency. He could turn to other US banks, but he instead compares money transfer companies to see what they offer.

Money Transfer Service A
Money Transfer Service B
Exchange rate1 USD = 2.6999 GHS1 USD = 2.73007 GHS
Transfer fee$60$13.99
Transfer speed
Instantly2–5 business days
Transfer options
Cash pickupBank account
Total GHS received2,699 GHS2,730 GHS

While Money Transfer B takes a few more days to deliver his money, Samuel opts for its stronger exchange rate and direct deposit into his father’s Ghanaian bank account. His father stands to receive extra money as well.

Back to top

How do I compare transfer companies when sending money to Ghana?

When you’re sending money to Ghana from the US, keep an eye on:

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Ways to send money. While a few transfer companies will allow you to pay by phone or at an agent location, others are fully online and accept credit or debit cards and bank account transfers only.
  • Ways to receive money. The recipient can receive the transferred money directly into a Ghanaian bank account. Another option is to collect the money by visiting a cash pickup location.
  • “Hedging” options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Transfer speed. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pickups, often in minutes. If you’ve more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate — especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
Back to top
Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. Most countries’ exchange rates are flexible, which means they can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.

.


How do I send money to Ghana from America?

You have multiple options to send money to Ghana from the US.

  • Bank transfers. Your major US banks may allow you to wire money to banks in Ghana.
  • Providers with cash pickup. Companies like Western Union and MoneyGram offer several cash pickup centers in Ghana
  • Money transfer specialists. WorldRemit and other companies let you transfer money to Ghanaian bank accounts. And because they’re trusted partners of finder.com, World First and OFX is offering our readers an exclusive deal of $0 in fees.
  • PayPal. Electronic payment giant PayPal allows you to send money from the US to Ghana.
  • M-Pesa. M-Pesa is a safe, secure way to send, receive and store money through your mobile phone or an app. Top up your account at one of more than 287,000 agent locations and then send money to loved ones, who can visit an agent to withdraw their funds.

Find a money transfer location near you

Back to top

Tips for picking up cash in Ghana

While most visits to Ghana by foreign nationals remain trouble free, there are reports of petty and violent crime. Be vigilant when you collect money from a cash pickup location and when you withdraw money from ATMs. Avoid carrying large sums of money with you by depositing your money quickly.


What are the steps to sending money to Ghana?

Your steps to sending money will depend on how you’re sending it.

  1. To a bank account. If you’re sending money through your bank, you may provide no more than the recipient’s name and account details. If you’re using a bank other than your own or a money transfer company, you’ll provide your bank account info or debit card or credit card. If you’re using the service of a business for the first time, you might have to register for an account.
  2. To a cash pickup location. You’ll provide the name of your recipient along with a desired cash pickup location. To pay for the transfer, you’ll provide details of your bank account or debit card or credit card. Once the transfer is confirmed, you’ll get a reference number, which the recipient will need to collect the cash.
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com privacy policy.

US International Money Transfers Offers

Learn about our information service
HiFX International Money Transfers

Transfer money into 20 currencies and schedule regular payments. $5 fee waived for transfers over $5,000.

WorldRemit International Money Transfers

Use promo code FREE to send your first transfer for no fee, to over 110 countries for bank-to-bank deposit, cash pickup or mobile top-up.

World First Foreign Exchange

Exclusive offer: $0 transfer fee
No-limit transfers with competitive exchange rates for more than 100 currencies.

TransferWise International Money Transfers

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

feedback