Best way to send money to Ghana |

How to send money to Ghana

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When you want to send money to family, friends or colleagues in Ghana you don’t want to deal with a complicated and expensive process. Whether 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 a lot of fuss. Whether you use bank transfers or online transactions, when you compare transfer fees and exchange rates of the available options you can get the best deal.
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    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.

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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    GBP 5,000 1 - 2 days USD 0.00 4.792 GHS 23,958 Get live quotes on exchange rates and take advantage of no transaction fees with no limits on transfers. Go to site Show details

    Compare up to 4 providers

    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.

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    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.
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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 yields more money when exchanging it in a country with a weak currency. For instance, in January 2018 one US dollar was the equivalent of approximately 4.53 Ghanaian cedis. Ghana has a flexible exchange rate, which means it can change from moment to moment based on factors such as interest rates, economic stability and inflation.
    Currency exchange rate for Ghana

    How to 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, 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.

    Steps to send money to Ghana

    1. Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
    2. Supply your recipient’s name, contact information and bank account details as required.
    3. Enter the amount of your transfer and complete the transaction.
    4. Keep track of any receipt you receive so you can monitor the progress of your transfer.
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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 by depositing your money quickly.

    Cash pickup locations in Ghana

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    9 Responses

    1. Default Gravatar
      FLOYDOctober 9, 2018

      Your writeup on Western Union says that they transfer to Ghana, however they do not transfer to individuals in Ghana.

      • finder Customer Care
        johnbasanesOctober 11, 2018Staff

        Hi Floyd,

        Thank you for leaving a question.

        I tried using the online form for Western Union and the transaction pushed through. If you are having trouble completing the transaction with Western union, you may give them a call at 1800 1 888 1200 for assistance. Hope this helps!


    2. Default Gravatar
      FLOYDOctober 9, 2018

      WHY do Western Union and Moneygram deny money transfers to iindividuals from US to Ghana?

      • finder Customer Care
        johnbasanesOctober 11, 2018Staff

        Hi Floyd,

        Thank you for leaving a question.

        Both Western Union and MoneyGram are able to send money to Ghana as advised by their websites. Please note that the maximum amount for Western Union is $5000 and Moneygram is $6000 if done online. Both companies do a review to be compliant to local and international laws of transferring money. Hope this helps!


    3. finder Customer Care
      johnbasanesAugust 24, 2018Staff

      Hi Tiger,

      Thank you for leaving a question.

      You have reached finder, we are a comparison website who assist users in their financial decisions. On your question about sending money, you would need to speak to a money transfer representative to setup that process for you. I understand that you want to make a transfer between multiple countries and the money transfer companies on this page would gladly assist you on this. Hope this helps!


    4. Default Gravatar
      SiebertJuly 30, 2018

      I will like to use the service, but the fact that I am not have a company or a proof of residence, banks refuse to let me open a bank account in Ghana. Is there a method to “draw” the money without a bank account.
      The transfer will be done from a dollar account – and I like to get dollars again in Ghana – what is the maximum to be transferred at a time. – Regards

      • finder Customer Care
        AshJuly 31, 2018Staff

        Hi Siebert,

        Thank you for contacting finder.

        If your Sender will be transferring funds to your from the US, they may try the Money Transfer Agencies that has Agent Locations in Ghana like Western Union and MoneyGram. These providers has cash pick up centers in Ghana wherein you can directly go to the provider’s webpage to know the nearest agent location in your area.

        You can also contact these providers yourself to confirm if you can receive the cash in USD denominations instead of your local currency.

        I hope this helps.

        Let us know if there is anything else that I may assist you with.


    5. Default Gravatar
      MichaelJuly 5, 2018

      If your sending money to a person in Ghana by moneygram for pickup in cash at designated locations does the person to whom the funds are sent have to be a Ghana citizen

      • finder Customer Care
        nikkiangcoJuly 5, 2018Staff

        Hi Michael!

        Thanks for getting in touch.

        You can send money to Ghana even if the person is not a Ghana citizen. Here is a step by step guide on how to send money to Ghana.

        1. Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
        2. Supply your recipient’s name, contact information and bank account details as required.
        3. Enter the amount of your transfer and complete the transaction.
        4. Keep track of any receipt you receive so you can monitor the progress of your transfer.

        Hope this helps!


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