Funds/Wire Transfer

This service is often vital to those with dependent children or other obligations in their home country. Although electronic transfers can be completed in most cases within two days, mail transfers can take as long as one to two weeks, so inquire about this service when reviewing prospective banks.

Inward Transfers

An inward wire transfer allows an individual to transfer funds to Ghana, regardless of whether or not you hold an account with the bank in question. Acceptable currencies include U.S. Dollar, Pound Sterling, Euro, Japanese Yen and/or Canadian Dollar. If you need a transfer in a currency not listed, please contact the bank directly. Charges for this service are assessed by the remitting bank. Generally, upon receipt of transfer, disbursements will be made in Cedis (Ghana's currency) unless otherwise directed. There is a fee, should one request monies in a foreign currency. Needless to say, beneficiaries must present proper and acceptable identification.

Money Transfer Services

There are several different services which operate money transfer schemes (generally, incoming funds, though) from the U.S., U.K., etc., with Western Union and MoneyGram being the most popular. While wholly legitimate operations, the fees and costs (remittance fee and unfavorable exchange rate) tend to be higher than that of regular banks. The benefit of these services is that they are widely available throughout the country, with many free-standing locations that are open daily (including Sunday). Many major banks also now handle Western Union transactions, as well.