According to the United Nations, about three million Ghanaians live abroad, with nearly one third of the Ghanaian diaspora residing in North America or Europe. Many of these individuals work hard to send money home to their loved ones, making Ghana the second-largest recipient of remittances in Sub-Saharan Africa. As of 2018, these remittances equaled 7.4 percent of Ghana’s GDP.
If you wonder how to safely send money to Ghana, you have several options. While you could go with a bank transfer or traditional money transfer services, fees can be high. Money transfer apps like Remitly are affordable and convenient, with straightforward pricing and secure transfers. Here’s how it works.
When using Remitly, you can use your smartphone to send your GBP, USD, EUR, or AUD to friends and family in Ghana, where they receive the funds as Ghanaian cedi (GHS). You have the option to send money directly to a bank account in Ghana, to a mobile wallet like MTN Mobile Money, or for cash pickup.
Ready to get started? Download the app and we’ll show you how.
Want to learn more? Read on.
Why Should I Use Remitly to Send Money to Ghana?
For one thing, Remitly is easy to use. After creating an account, you can send money from the comfort of your own home without having to travel anywhere and wait in line.
Remitly offers bank-level security and encryption and competitive exchange rates for GHS, along with low fees and fast delivery.
Send Money to Ghana in 5 Easy Steps
You can send money to Ghana in five simple steps.
- For first-time users, download the Remitly app, create an account, and set Ghana as your destination country.
- Enter the amount you want to send for your first transfer.
- Select a preferred delivery method.
- Enter the recipient’s details, such as bank details and phone number. This information will differ for bank accounts vs. cash pick up vs. mobile wallets.
- Add your payment details, such as bank account, debit card, or credit card.
When creating an account, new customers need to verify their identity and bank details. In some cases, additional documentation may be required to verify your identity. You can learn more here.
What Banks/Providers Can You Send Money to With Remitly?
When sending money to Ghana, you can choose cash pickup, bank deposit, or mobile money at over 1,800 locations. With so many delivery options, it’s easy to find something convenient for your loved ones.
As of this writing, you can use Remitly to make an online money transfer to these banks and providers in Ghana:
- MTN Mobile Money
- GCB Bank
- Ecobank
- Fidelity Bank
- Access Bank
- Absa
- Consolidated Bank Ghana
- First National Bank
- Republic Bank Limited
- ARB Apex Bank
- CalBank
And this is just to start. For the complete list, start a money transfer to Ghana and the app and you’ll be able to select your preferred option.
How Much Money Can I Send to Ghana with Remitly?
When you first open an account with Remitly, you’ll have a certain sending limit. This limit exists because Remitly aims to balance customer security and international regulations with customer service.
As of this writing, for customers who send to Ghana from the United States, starting sending limits with Remitly are:
- $1,500 in 24 hours
- $6,000 in 30 days
- $15,000 in 180 days
If you need to send more than that, Remitly will ask you for more information. For example, as of this writing, when you are in tier 3, you can send up to $60,000 in 180 days. Additional sending limits may apply depending upon your choice of payout partner or receiving location. You can learn more about raising your sending limits here.
How Much Does It Cost To Send Money to Ghana with Remitly?
For the most up-to-date pricing on money transfers to Ghana, including current exchange rates, please check the Remitly website or app.
At the time of this writing, you’ll find zero transfer fees in the U.S. and the U.K.
- U.S. customers can send transfers to Ghana for $0.
- If you live in the United Kingdom, you can send transfers to Ghana for £0.
- For residents of Canada, the fee for Economy and Express transfers is just $0.99.
Is it Safe to Send Money to Ghana with Remitly?
Remitly ensures your information and your money are safe. Our commitment to security is one of the reasons millions of people use Remitly to send money home.
- Remitly is licensed to do business in the 17 sending countries and more than 100 receiving countries that we serve. Our licensors have high standards and require us to follow strict security and customer protection guidelines.;
- Remitly uses multiple levels of security so you can send money home with peace of mind. Your personal data is protected 24 hours a day through fraud monitoring and encryption.
- All accounts are verified with proper documentation;
- Remitly is dedicated to protecting your money and personal data; and
- You can track your transfer every step of the way.
More About Ghana
Globally recognized for its music, its rich history, and its regional influence, Ghana is a West African country home to approximately 32 million people. Migration rates are high in Ghana, with many seeking opportunities abroad. In 2019, just over 970,700 Ghanaians emigrated. While 47.3 percent went to other West African countries, 29.1 percent went to Europe and 20.5 percent went to North America. The top destinations in 2019 were Nigeria, the United States, and the United Kingdom.
Ghana’s modern-day economy is based on a mix of digital innovations, manufacturing, and natural resources like oil and gas. Considered one of the most stable countries in West Africa, Ghana gained its independence in 1957. The following year, the Bank of Ghana was formed, issuing its own currency in Ghana pounds, shillings, and pence.
In 1965, Ghana introduced cedi notes and pesewa coins. Since then, various denominations have entered circulation. Learn more interesting facts about the Ghanaian cedi here.
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