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Send Money to Ghana With the Help of These Tips

Information verified correct on February 24th, 2017

Are you looking for ways to send money to Ghana from the U.S.? This guide will 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. Sending money from the United States to Ghana doesn’t have to be expensive. Compare the transfer fees and exchange rates of the options available to you to get the best deal.

From bank transfers and online transactions to options that allow recipients to collect your funds within minutes, sending an international money transfer to Ghana is easy. But do your research and shop around for the best available deal.

Compare Money Transfer Services

Rates last updated February 24th, 2017

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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
Payoneer International Money Transfers
Ideal for worldwide business payments ... Ideal for worldwide business payments to more than 200 countries and 150 currencies.
USD 20
Online
Rates are always
changing, click to check
your price today
Go to site More
RIA Money Transfer
No fees for bank account ... No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries.
3 - 5 days
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
Moneycorp Exchange Experts
Full-service specialist offering competitive exchange ... Full-service specialist offering competitive exchange rates on personal international money transfers.
USD 50 1 day
OnlinePhone
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
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Case Study: 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 wishes to start sending his parents some money so they can lead a more comfortable lifestyle. To begin with, he plans to send around $1,000 every month.

His bank does not let him transfer funds to Ghana because the Ghanaian cedi is an exotic currency. He could turn to other U.S. banks, but he decides to compare money transfer companies instead. This is what he finds when he compares his options using the internet.

Money transfer service 1Money transfer service 2
Exchange rate$1 = GHS 2.6999$1 = GHS 2.73007
Transfer fee$60$13.99
Amount received for $1,000GHS 2,537.93GHS 2,691.88
Transfer timeInstantly2-5 days
Transfer optionsCash pickupBank account
Difference ofGHS 153.95

While the second money transfer company takes longer to complete the transfer, Samuel opts to use its services. This is because he wishes to transfer the funds directly into his father’s Ghanaian bank account. Besides, his father stands to receive extra money as well.

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

When you’re sending money to Ghana from America, several aspects require your attention.

  • Exchange rate and fees. A seemingly great exchange rate might be of no good if you have to pay an exorbitant fee. The reverse can hold true as well, where a money transfer company may provide a fee-free service but offer an unfavorable exchange rate. To get the best deal money-wise, simply compare how much money the recipient stands to receive.
  • Ways to send money. American banks that allow money transfers to Ghana can let you go through the process in person, over the phone or online. Some money transfer companies operate out of physical locations, letting you send money in person. Many transfer companies limit their operations to the online world. Some let you complete the process over the phone.
  • 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.
  • Transfer options. A one-time transfer gives you an easy way to send money. However, if you wish to send money regularly, you may want to look for a business that lets you schedule recurring payments. Some money transfer companies let you make the most of the foreign exchange market through market orders and forward contracts.
  • Using the same bank. Using a bank can be advantageous if you and the recipient have accounts with the same institution. In this case you can benefit from lower fees and quicker turnaround times.
  • Processing time. If you wish to send money to Ghana in a hurry, using a money transfer company that has cash pickup locations in Ghana is your best bet, given that transfers to these locations tend to take place almost immediately. If you’re sending money to a bank account, the turnaround time can vary noticeably depending on the service provider you choose, from one to several days.
  • Minimum limit. This can be a concern if you’re not sending much money, because some service providers have minimum transfer limits in place, which can be $500 or $1,000.
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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 will yield more money when exchanging it in a country with a weak currency. For example, in December 2016, the U.S dollar was worth approximately 19 Mexican pesos. However, most countries’ exchange rates are flexible, which means it 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?

There are multiple options if you wish to send money to Ghana from the Unite States.

  • Banks. You can find American banks that let you send money directly to Ghanaian bank accounts, in which case you’ll need the recipient’s bank account details. You can also think about sending a bank-issued check, money order or draft via mail.
  • Non-banks. Money transfer companies such as Western Union and MoneyGram have several cash pickup centers in Ghana, so you can consider using their services. Some money transfer companies such as WorldRemit let you transfer money to Ghanaian bank accounts. World First and OFX are both trusted partners of Finder.com and are offering Finder readers an exclusive deal of $0 in fees.
  • PayPal. also allows transfer to Ghana from America. To use its services, both you and the recipient need to have PayPal accounts.

Find a money transfer location near you

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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.


What are the steps to send money to Ghana?

The steps you have to follow when sending money to Ghana from America depend on the method you choose.

  1. To a bank account. If you’re sending money through your bank you may have to 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 have to provide your bank account, debit card or credit card details. If you’re using the service of a business for the first time, you might have to register as a user first.
  2. To a cash pickup location. You’ll have to provide the name of the recipient along with a desired cash pickup location. To pay for the transfer, you’ll have to provide details of your bank account, debit card or credit card. After making the transfer you’ll get a reference number, which the recipient needs to collect the cash.
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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.

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