Ghana is one of the most popular remittance destinations in Africa, receiving billions of dollars annually from the diaspora. Whether you're sending money to family in Accra, paying school fees, or supporting a business, this guide covers everything you need to know.
Overview of Sending Money to Ghana
Ghana has a well-developed financial infrastructure with multiple options for receiving money:
- Bank transfers to major banks like GCB, Ecobank, Stanbic, and Fidelity
- Mobile Money via MTN MoMo, Vodafone Cash, and AirtelTigo Money
- Cash pickup at various agent locations
Mobile Money in Ghana
Mobile Money has transformed how Ghanaians receive and spend money. Here's what you need to know:
MTN Mobile Money (MoMo)
MTN MoMo is the most popular mobile money service in Ghana with over 20 million users.
- Instant delivery
- Recipient can cash out at thousands of agents
- Can be used for payments, bills, and transfers
- No bank account required
- Recipient's MTN phone number (starts with 024, 054, 055, 059)
- Recipient's registered name
Vodafone Cash
Another popular option, especially in urban areas.
- Recipient's Vodafone number (starts with 020, 050)
- Recipient's registered name
Bank Transfers to Ghana
For larger amounts or recipients who prefer bank deposits, you can send directly to Ghanaian bank accounts.
Major Banks in Ghana - GCB Bank - Ecobank Ghana - Stanbic Bank - Fidelity Bank - Absa Bank Ghana - Zenith Bank Ghana
- Recipient's full name
- Bank name
- Account number
- Branch (sometimes required)
Getting the Best GHS Exchange Rate
The Ghana Cedi (GHS) has experienced significant fluctuation in recent years. Here's how to maximize value:
- Compare rates across providers before sending
- Use rate alerts - Stratum Remit's AI can notify you when rates improve
- Avoid cash exchanges - Airport and street rates are much worse
- Send during stable periods - Major economic news can cause rate swings
Transfer Limits and Fees
- Transfer fee: $0
- Minimum: $10
- Maximum: Up to $10,000 (with full verification)
- Delivery time: Minutes for mobile money, same-day for banks
How to Send with Stratum Remit
Sending money to Ghana with Stratum Remit is simple:
- Add your recipient - Enter their mobile money number or bank details
- Enter the amount - See real-time GHS conversion
- Confirm and send - Money arrives in minutes
Or just tell Kora: "Send $100 to my sister in Ghana via MTN MoMo"
Tips for Sending to Ghana
- Verify phone numbers - Mobile money requires exact registered numbers
- Check names match - Bank transfers can fail if names don't match exactly
- Consider timing - Business hours in Ghana (GMT) ensure fastest processing
- Keep receipts - Save confirmation for your records
Conclusion
Sending money to Ghana is easier than ever with modern transfer apps. Mobile money offers instant delivery and convenience, while bank transfers work well for larger amounts. With Stratum Remit's zero fees and AI assistant, you can send money to Ghana with just a conversation.