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How to send money to Ghana

Here's how to send a quick, affordable and secure money transfer to the Republic of Ghana.

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Fact checked

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.

WorldRemit International Money Transfers

Send money to Ghana with WorldRemit

Send money to 140+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

Your first transfer is free with the code FINDER.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

    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.

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 1 Within an hour USD 3.99 5.749 GHS 2,851 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
    USD 1 3 - 5 days USD 20.00 5.639 GHS 2,707 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. Show details
    USD 1 Same day USD 1.00 5.668 GHS 2,828 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details
    USD 0 1 - 2 days USD 1.99 5.668 GHS 2,823 Special offers like free transfers and better exchange rates available for new customers.
    Quick, affordable transfers around the world with both express and economy options.
    Go to site Show details

    Compare up to 4 providers

    Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

    How to send money to Ghana online

    Sign up and send money with a digital money transfer specialist in four steps:

    1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and preferred payment method.
    2. Provide transfer details. Submit your recipient’s contact information and pick a delivery method. If transferring to a bank, you’ll need their Ghana bank account details.
    3. Confirm transfer details. Double-check your payment method, expected fees and destination.
    4. Save your receipt. Record your receipt’s confirmation number to track the progress of your transfer to Ghana. Some money transfer providers send a text or email when your transfer is complete.

    What’s the best way to send money to Ghana?

    Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Ghana. Some offer cash pickup in as little as few minutes, while others seamlessly transfer to bank accounts. Banks, PayPal and other options are available but come with high fees, weak rates and longer turnaround times.

    Blue icon representing money transfers Image: Infogram

    Digital money transfer services

    Companies like XE and CurrencyTransfer specialize in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient’s Ghana bank account, often in as little as a day or two.

    Picture not described: BlueCoinsCashIcon_Infogram_94x62.png Image: Infogram

    Cash transfers

    Services like MoneyGram allow you to transfer cash for pickup at a local branch in Ghana— often in 15 minutes. While it’s a fast way to send money, you’ll pay for the convenience in weak exchange rates and high fees. If a cash pickup is necessary, look to digital services like WorldRemit or Remitly when possible.

    Picture not described: BlueBankIcon_Infogram_62x56.png Image: Infogram

    Banks

    Ghanaian Cedis aren’t a popular currency, so your local bank probably won’t be able to exchange them. If your bank does support Ghanian Cedis, beware of high fees and wide margins on the exchange rate compared to digital and other options.

    Let’s crunch the numbers: Sending $1,000 to Ghana

    Let’s say you need to send $1,500 to family in Ghana. Here’s what you might face as far as fees and exchange rates as of April 23, 2020.

    Digital money transfer serviceCash transferBank transfer
    Fee$0$3.99$25 + additional correspondent bank fees
    Exchange rate1 USD = 5.734 GHS1 USD = 5.756 GHS1 USD = 5.621 GHS
    Transfer speed1-2 dayMinutes2-5 days
    Amount receivedGHS$8,601 GHS$8,611GHS$8,291
    Verdict
    • Better than a bank transfer
    • Fastest and best value
    • Slowest and most expensive

    The bank option ends up being both the slowest and gets the smallest amount of money to your recipient. If you go with the cash transfer your recipient can receive 320 Ghanian cedis more than the bank and the money will typically be delivered to Ghana in as little as 15 minutes.

    How to get the most out of your money transfer to Ghana

    Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to Ghana to meet your needs:

    • Exchange rates. The USD-GHS relationship fluctuates often, so using a service that allows you to lock-in exchange prices may help you save money down the line.
    • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger exchange rate.
    • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the number of Ghanian cedis you’re sending.
    • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Ghana.
    • Minimum limits. Average incomes vary widely between the US and Ghana, which means companies with high minimums transfers may not be your best choice.
    • Transfer methods. Whether you want money sent to a Ghana bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

    Emergency cash transfer

    When it’s more important to get your money to Ghana quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

    How to send money to Ghana without a bank account

    Cash transfer services can help you if you’re unbanked or marginally banked. If you don’t have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

    Ghana’s exchange rates explained

    The exchange rate determines how much one country’s currency is worth in another country’s currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weaker currency. Ghana’s exchange rate is flexible compared to the US dollar, which means it shifts daily, if not more. Factors that influence the exchange rate include interest rates, economic stability and inflation.

    Track how the Ghanian cedi trades against the US dollar in our historical rate chart.

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    Updated: 31 May 2020 23:42:42 UTC

    Documents needed for sending to and receiving money in Ghana

    To send money to Ghana from the US, you’ll need government-issued ID and other documents, while documents needed to pick up money in Ghana may be different by company.

    Documents to send money from the US

    To send money from the US to Ghana, you’ll need documentation and details that include:

    • Identification. Most services require a driver’s license, passport or other government-issued ID. Some services allow you to send transfers without ID, but they may require your SSN.
    • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
    • Recipient information. Submit your recipient’s name as it appears on their ID, along with their phone number, Ghanian bank account and routing number.

    Documents to receive money in Ghana

    To pick up money in person, documentation can include:

    • Transfer number. The person sending you money can forward the transfer’s confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
    • Government-issued ID. A Ghanian Passport, Ghanian Driving License or a similar government-issued ID is typically required to pick up cash.
    • Amount sent. You may need to know how much was sent, usually within 10% of the total.
    • Sender’s information. Take along your sender’s full name, the sending country and their address, if known.

    What to watch out for

    According to the US Embassy in Ghana, the most common types of money scams involving Ghana typically include:

    • Disbursement of money from wills.
    • Contract fraud (C.O.D. of goods or services).
    • Purchase of real estate.
    • Conversion of hard currency.
    • Transfer of funds from over invoiced contracts.
    • Sale of crude oil at below market prices.
    • Sale of gold at below market prices.
    • Advance fees or ‘gifts’ requested to enable U.S. companies to be awarded lucrative tender.
    • Advance fees to finalize an offer of employment.
    For detailed descriptions and more information on how to detect a money transfer scam when sending money to Ghana, visit the US Embassy in Ghana’s website on money transfer scams.

    Bottom line

    Sending your hard-earned money to Ghana shouldn’t cost a fortune. Compare money transfer companies that specialize in foreign transactions for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

    Read more on this topic

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    • XE vs. OFX money transfers Check out this side-by-side comparison of XE and OFX to find out which provider offers the best value on international money transfers.
    • Alternatives to InstaReM Find the best alternative websites to InstaReM for online money transfers.
    • XE vs. Western Union We compare XE's and Western Union’s fees, exchange rates and transfer speeds side by side.
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    • Remitly vs. TransferWise Remitly and TransferWise’s fees, exchange rates and speeds compared side by side.
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    • Best places to exchange currency in Winnipeg Looking for the best deal on Canadian dollars in Winnipeg? Compare popular services and access handy tips to get the most out of your next transfer.

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    15 Responses

    1. Default Gravatar
      RichardFebruary 10, 2019

      Can you pick up money with Moneygram on Sundays in Accra, Ghana? If yes, where are they Located? Also, what’s the minimum in US dollars you can receive for pickup?

      • Avatarfinder Customer Care
        JhezFebruary 11, 2019Staff

        Hi Richard,

        Thank you for your comment.

        Yes, MoneyGram is open on Sundays in Ghana. The minimum amount of transfer to Ghana is US$250. Please check your email as I have sent the link to where you can see the MoneyGram locations in Accra, Ghana.

        Regards,
        Jhezelyn

    2. Default Gravatar
      HarryDecember 9, 2018

      hello can some please show me Ria money and moneygram address in panama
      the one i saw refused to transfer my money to Turkey
      according to the agents
      that they have been blocked from sending money to turkey, Ghana and other African countries
      i don’t know why

      • Default Gravatar
        nikkiangcoDecember 12, 2018

        Hi Harry,

        Thanks for getting in touch! To know the Ria and Moneygram locations in Panama, simply go to their websites, check store locator and enter your location so it will show the available agents near you. Hope this was helpful. Don’t hesitate to message us back if you have more questions.

        Best,
        Nikki

    3. Default Gravatar
      AWNovember 27, 2018

      How do I find out before attempting to send money to Ghana if the transfer will be allowed to go through or denied?

      • Default Gravatar
        nikkiangcoNovember 28, 2018

        Hi AW,

        Thanks for reaching out! Happy to help with your inquiry. Generally, the website will give you an alert during the process of doing an online transfer if the country of destination is allowed by the money transfer provider or not. If the money transfer goes through and gets denied before it reaches the recipient, you will also be notified (via the contact details you provide) of the reason. I hope this helps and let me know if you have questions, I’m here!

        Happy Holidays,
        Nikki

    4. 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.

      • Avatarfinder 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 go ahead and contact them for assistance. Hope this helps!

        Cheers,
        Reggie

    5. Default Gravatar
      FLOYDOctober 9, 2018

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

      • Avatarfinder 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!

        Cheers,
        Reggie

    6. Avatarfinder 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!

      Cheers,’Reggie

    7. 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

      • Default Gravatar
        AshJuly 31, 2018

        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.

        Cheers,
        Ash

    8. 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

      • Default Gravatar
        nikkiangcoJuly 5, 2018

        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!

        Cheers,
        Nikki

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