Using a credit card in Ghana
Use our guide to get the best out of your plastic, and your cash, on holiday in Ghana.
Ghana is one of the more popular countries in Africa for tourism. People from all over the world visit to experience the tropical climate, exotic wildlife, waterfalls and beaches.
It’s one of the African countries where it’s easier to spend on your credit card. Ghana’s businesses are aware of the benefits of accepting credit card payments, so it’s worth taking a good credit card that doesn’t charge foreign loading fees.
Visa is the main credit card network in the country. It may be possible to use Mastercard and American Express, although you are more likely to get turned away with these cards.
What's in this guide?
Compare cards with fee-free currency conversion in Ghana
Updated February 19th, 2020
Cash machines in Ghana
There are millions of cash machines across Ghana. You’ll find them in all Ghanaian cities and towns, at train and bus stations, petrol stations, shopping centres and popular tourist destinations. Bank-affiliated ATMs don’t usually impose additional fees to those your bank may levy.
Cash in Ghana
The currency in Ghana is the cedi (GHS).
There will be plenty of retailers in Ghana, especially in small towns outside of the capital city of Accra, which only accept cash. Many small retailers want to avoid the charges levied on vendors for credit card transactions. As such, you are best off carrying cash to use at certain newspaper vendors, cafes, restaurants, bars and retailers.
Chip and PIN
Chip and PIN is commonly used in Ghana. In the switching of technology, some retailers falsely believe that they can no longer accept magnetic-stripe cards while some others will not let you use them, to do their bit in reducing credit card fraud. All they basically need you to do is swipe your card instead of inserting it into the machine, and then get you to sign for the purchase.
If you use a chip-and-signature card, it’s likely you will be able to use it in Ghana. However, some businesses are hesitant in accepting them because they are not sure if it’s allowed and some others don’t accept them to cut down on credit card fraud. If you are getting tickets from a machine, you will need to enter a PIN, in which case your chip-and-signature card won’t work.
Is it safe to use my card in Ghana?
By exercising some caution when using your credit card in Ghana, you’ll have a relatively trouble-free experience.
- Keep your PIN safe. Use one hand to enter the PIN and the other to shield it from prying eyes and hidden cameras.
- Select cash machines with care. Try and stick to ATMs in banks and avoid using ones in the street.
- Watch out for “skimmers”. When installed in an ATM, a card skimmer works by stealing information from credit and debit cards. If you feel the card slot is not as smooth as it should be or if there is a problem with the keypad, cancel your transaction and look for another ATM.
Keeping your credit card (physically) safe
Remain alert to street crime, especially where two or more people work in distracting victims before decamping with their valuables. Instances of theft at airports are not uncommon, so stay vigilant while arriving and departing. There have been numerous instances of thefts from hired cars so don’t leave your wallet or purse in a parked car.
Potential credit card fees
Credit card fees can leave a noticeable dent in your pocket when you are travelling overseas, so know what you’re up against well in advance and choose a card with no or low fees.
Foreign transaction fees
British credit card issuers typically charge a fee equivalent to 1% to 3% of your transaction, so carefully review your card’s fine print to avoid statement surprises. Some cards designed for travel come with no foreign transaction fees, so this could be a good time to switch.
Currency conversion fees
If a retailer offers to bill your credit card in sterling, dynamic currency conversion comes into play. While this might sound like a good deal, you will actually end up getting a worse exchange rate, and you might also end up paying currency conversion fees. Whenever you are presented with an option, choose to pay in the local currency.
Cash advance fees
Using your credit card to withdraw money from an ATM may not make sense unless it’s a bona fide emergency. Each time you withdraw funds from an ATM, you are likely to pay a cash advance fee. Your APR for cash advances is normally higher than your purchase APR, and you’ll typically get no grace period on interest – instead, you start paying interest immediately. Again, some cards designed for overseas spending will waive this fee.
The table below serves as an example of how much extra you may pay to use your credit card in Ghana.
What is a cash advance fee?A cash advance fee is calculated (and charged) when you withdraw cash from your credit card. It’s usually the greater of a flat fee or a percentage of the transaction. For example, “2.5% of the transaction, minimum £3.00”.
How to prepare before travelling to Ghana
- Go with Visa or Mastercard. Carry at least two cards on your trip to Ghana, preferably connected with Visa or Mastercard. If you just take an American Express card, you won’t get to use it in many places.
- Think no foreign transaction fees. When there are cards that come with no foreign transaction fees, using ones that charge 2% or 3% of each overseas transaction does not make sense. Some of these cards don’t charge an annual fee, either.
- Keep your bank informed. In their efforts to thwart fraudulent transactions, banks block credit cards if they detect suspicious activity such as unexpected overseas transactions. To make sure this does not happen to your card, let your bank know about your travel plans before you leave the UK.
- Keep the emergency number handy. Know which numbers you will need to call if you end up losing your card or if you need an emergency replacement.
- Know where you’ll get cash from. Consider using your debit card to withdraw cash from ATMs. If you need to exchange money, stick to banks or official money-exchange offices because possessing counterfeit money in Ghana is a serious crime. Try to avoid exchanging money at airports and popular tourist destinations because of typically poor exchange rates.
Ask yourself these simple questions before you leave so your spending in Ghana does not hit any roadblocks.
- Which cards will I take? A Visa card is your best bet if you’re planning on using a credit card regularly. Perhaps you’d consider having a look for cards that give you complimentary airport lounge access. If you’re planning well in advance, consider earning air miles for your trip with a frequent flyer credit card.
- Have I let my bank know? If you don’t inform your bank about your travel plans, you may end up with a temporarily suspended card.
- What fees do I need to pay? If your existing cards come with foreign transaction fees, look for one that does not. Paying in sterling outside of the UK might come with currency conversion fees.
- How will I get cash? Using your debit card at an ATM is the simplest way to access your own money. You can carry cash and traveller’s cheques with you. Exchanging sterling to cedis is simple enough and you’ll get several options.
When you’re in Ghana, you don’t have to worry about where and when you can use your credit card. Just keep some cash handy to pay for small purchases.
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