Cheapest Way to Send Money to Ghana from the UK

 
Key Currency
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4.9
  • Fully Authorised and Regulated in the UK
  • Lower Staff Costs Rolled Over to the Client
  • Quick Onboarding Process and Highly Professional
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Key Currency
  • Time to Open Account Up to 2 minutes
  • Sending Options Debit card
    Bank transfer
  • Receiving Options Bank account
  • Required Documents Photo ID
    Proof of address
Trustpilot logo 3,323 Reviews | Excellent
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FC Global Payments
Trust Score
4.9
  • Tailored strategic solutions
  • Fee free international transfers
  • Forward rate fixing for up to 12 months
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FC Global Payments
  • Time to Open Account Up to 2 minutes
  • Sending Options Debit card
    Bank transfer
  • Receiving Options Bank account
  • Required Documents Photo ID
    Proof of address
Trustpilot logo 109 Reviews | Excellent
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Regency FX
Trust Score
4.9
  • Available 7 Days a Week
  • WhatsApp communication available
  • Winner of South West Business Awards, Employer of the Year
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Regency FX
  • Time to Open Account Up to 2 minutes
  • Sending Options Debit card
    Bank transfer
  • Receiving Options Bank account
  • Required Documents Photo ID
    Proof of address
Trustpilot logo 405 Reviews | Excellent
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Currencies Direct
Trust Score
4.8
  • No transfer fees and dedicated account manager
  • Multi-award winning service
  • Global presence with 25+ branches worldwide
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Currencies Direct
  • Time to Open Account Up to 2 minutes
  • Sending Options Debit card
    Bank transfer
  • Receiving Options Bank account
  • Required Documents Photo ID
    Proof of address
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TorFX
Trust Score
4.8
  • Excellent exchange rates with no fees
  • Transfer 24/7 over the phone, online or through the app
  • Dedicated account manager & rated excellent on Trustpilot
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TorFX
  • Time to Open Account Up to 2 minutes
  • Sending Options Debit card
    Bank transfer
  • Receiving Options Bank account
  • Required Documents Photo ID
    Proof of address
Trustpilot logo 8,945 Reviews | Excellent
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Equals Money
Trust Score
4.6
  • Fully FCA Authorised and Regulated
  • Send Money with your Personal Account manager or online
  • International Payments, Multi Currency Accounts, and more
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Equals Money
  • Time to Open Account Up to 2 minutes
  • Sending Options Debit card
    Bank transfer
  • Receiving Options Bank account
  • Required Documents Photo ID
    Proof of address
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OFX
Trust Score
4.3
  • £0 wire and transfer fees
  • No transfer Limits
  • 50+ Currencies
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OFX
  • Time to Open Account Up to 2 minutes
  • Sending Options Debit card
    Bank transfer
  • Receiving Options Bank account
  • Required Documents Photo ID
    Proof of address
Trustpilot logo 11,107 Reviews | Excellent
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Halo Financial
Trust Score
3.7
  • Preferential rates for Free Price Compare customers
  • Profession, award-winning service
  • Tailored solutions
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Halo Financial
  • Time to Open Account Up to 2 minutes
  • Sending Options Debit card
    Bank transfer
  • Receiving Options Bank account
  • Required Documents Photo ID
    Proof of address
Trustpilot logo 7 Reviews | Average
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Sending money to Ghana from the United Kingdom does not have to be expensive or complicated. Many people in the UK regularly send money to family members in Ghana to help with living expenses, education, healthcare, or household costs. While traditional banks are often used for international transfers, they commonly charge higher fees and use less competitive exchange rates.

By comparing FCA-regulated international money transfer services, you can reduce costs, avoid hidden charges, and ensure more of the total amount reaches Ghana safely. Taking time to compare money transfer rates helps you understand how fees, delivery options, and transfer speed affect how much your recipient receives in Ghanaian cedis.

Why is comparing providers the cheapest way to send money to Ghana?

High-street banks are a familiar option for sending money abroad, but they are rarely the cheapest choice. Banks often apply international transfer fees and add a margin to the GBP to GHS exchange rate, which can reduce the value of your transfer without being obvious.

Specialist international money transfer services are often cheaper because they:

  • Use currency exchange rates closer to the market rate
  • Offer low fees with clearer, more transparent pricing
  • Use local Ghanaian banking and payout networks to reduce intermediary costs

Comparing providers side by side allows you to find a cheaper alternative to bank transfers and avoid paying more than necessary for the same service.

What are the cheapest ways to send money to Ghana?

There are several ways to send money from the UK to Ghana. The cheapest option depends on the transfer amount, how quickly the money is needed, and how the recipient prefers to receive it.

Common transfer methods include:

  • Online money transfer services that send funds by bank deposit to Ghanaian bank accounts
  • Debit card transfers for smaller or urgent payments
  • Bank transfers through specialist foreign exchange providers
  • Mobile money or cash pickup services in Ghana, where available

Each delivery method has different costs, transfer limits, and delivery times. Comparing different ways to send money helps you choose the most suitable option for your situation.

Compare today’s cheapest ways to send money to Ghana

How much does it cost to send £1,000 to Ghana?

The cost of sending money to Ghana depends on fees, currency exchange rates, and transfer speed. Even small differences can affect the total amount your recipient receives.

Provider Fees Exchange Rate (GBP → GHS) Recipient Gets Delivery Time
High-street bank £10–£25 Lower than market rate Fewer GHS 2–5 working days
Online transfer service £0–£5 Near market rate More GHS Same day to 2 days
Specialist FX provider Low or £0 Competitive rate More GHS Same day to 1 day
How much does it cost to send £1,000 to Ghana

Rates and fees vary depending on the provider, transfer amount, and method of payment. Using a comparison table makes it easier to see differences in fees, currency exchange rates, transfer limits, and delivery speed before choosing a provider.

When sending British pounds to Ghana, the money is converted into Ghanaian cedis before being deposited into the recipient’s bank account or delivered through another payout method. The final amount can vary depending on exchange rate markup, extra fees, and whether the transfer is sent to major Ghanaian banks such as GCB Bank, Ecobank Ghana, Stanbic Bank, or Fidelity Bank.

Find a cheaper alternative to bank transfers

What makes one transfer to Ghana cheaper than another?

Not all international transfers are priced the same, even when sending the same amount of money.

Exchange rate margins

Some providers add a margin to the GBP to GHS exchange rate. This hidden cost can reduce the amount received more than an upfront fee.

Fees and pricing structure

Low or zero fees do not always mean better value if the exchange rate is less competitive.

Method of payment

Some providers offer multiple payment options, including bank transfers, debit cards, and in some cases credit card payments. Credit card transfers may be faster but often involve higher fees upfront, while bank transfers usually offer lower fees for larger amounts.

Local Ghanaian payout routes

Providers that use local bank accounts, mobile money services, or domestic payout networks in Ghana can reduce costs and improve delivery speed.

Transfer size

Larger transfer amounts often qualify for better exchange rates, making specialist providers more cost-effective.

Seeing these factors together helps you compare money transfer rates and make informed decisions.

What payment details are needed to send money to Ghana?

International money transfer services usually require certain personal information to process a transfer securely.

When sending money from the United Kingdom, you are typically asked for:

  • The recipient’s full name
  • Their bank account number or mobile money details
  • The total amount you want to send
  • Your chosen payment option and delivery method

Some providers may also ask for the recipient’s full name exactly as it appears on their account, the recipient’s bank account number, and in some cases the sender’s date of birth or other additional information to meet regulatory requirements and confirm delivery options.

A mobile phone number or recipient’s email address may also be requested to confirm the bank deposit or mobile money payment and provide transfer updates. This information helps ensure the money reaches the correct local account.

Many providers also offer a money transfer app, making it easier to track transfers, manage payment options, and monitor transfer speed.

Check low-fee GBP to GHS transfer options

Is the cheapest way to send money to Ghana safe

Is the cheapest way to send money to Ghana safe?

Choosing a low-cost option does not mean compromising on security. Money transfer providers operating in the UK must comply with Financial Conduct Authority requirements.

Most FCA-regulated providers offer:

  • Secure encryption to protect personal information
  • Identity and anti-money laundering checks
  • Safeguarding of customer funds
  • Secure bank deposits, mobile money, or cash pickup options in Ghana

Many providers are authorised as an electronic money institution, meaning they must meet strict standards designed to protect customers and provide peace of mind.

When might the cheapest option not be the best choice?

Cost should be balanced with speed, purpose, and transfer size.

A higher-cost option may be more suitable if:

  • You need the fastest way to send money
  • You are sending a large amount
  • The transfer relates to business or investment payments
  • Additional compliance checks are required

Comparing providers allows you to choose between lower fees, faster delivery, or higher transfer limits depending on your situation.

See how much your recipient could receive

FAQs about the cheapest way to send money to Ghana

Yes, provided you use an FCA-regulated provider. Regulation and safeguarding rules help protect your money.

Not always. Many low-fee services offer same-day or next-day delivery depending on the payment method.

Banks are rarely the cheapest option due to higher fees and exchange rate markups.

In many cases, yes. A poor exchange rate can cost more than a visible fee.

Debit card transfers can be convenient, but they may cost more than bank transfers.

Delivery times vary by provider and delivery method. Many transfers arrive the same day.

Yes, most providers support direct bank deposits and mobile money transfers in Ghana.

Transfer limits vary by provider, payment option, and regulatory checks.

Yes, currency exchange rates can fluctuate throughout the day.

Many providers offer mobile apps to send money, track transfers, and manage accounts.

Some providers may offer promotional pricing for new customers, such as reduced fees. These offers are usually limited and may change.

Comparison platforms allow you to review providers side by side, including fees, exchange rates, transfer speed, and delivery options, helping you see the true total cost.

There is no single app that always offers the best exchange rates for transfers to Ghana, as rates can change throughout the day and vary by transfer amount and delivery method. Apps that allow you to compare FCA-regulated money transfer providers in one place make it easier to see live exchange rates, fees, and transfer options before you send. This comparison approach helps you choose a provider offering competitive GBP to GHS rates at the time of your transfer.

Yes, many international money transfer services support mobile money transfers to Ghana, allowing funds to be sent directly to a recipient’s mobile wallet. Mobile money can be convenient and fast, but fees and exchange rates may vary compared to bank deposits. Comparing delivery options helps you decide whether mobile money or a bank transfer offers better value for your transfer.

Some providers support business-related transfers to Ghana, but additional checks or documentation may be required. Availability depends on the provider, transfer amount, and purpose of the payment.

Transfer times can vary depending on the provider, delivery method, and local banking hours. Some services process transfers on weekends, while others may complete delivery on the next working day.

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Page last updated on: 28/01/2026

Page reviewed by: Andrea Troy

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