Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From GHGhana you can also send money to

Sending money from GHANA to NIGERIA

Data collected on: Aug 26, 2022-Aug 30, 2022
GHS | USD
Payment instrument
Access point
Sending network coverage
Transfer speed
<em>Transfer Speed</em> has been standardized in six broad categories.
Receiving method
Exchange rate margin (%)
The exchange rate margin is the cost resulting from the fact that the firm applies a rate that is different from the market reference rate. The margin is the percentage difference between the market reference rate and the exchange rate actually applied to the transaction.
Total cost (%)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
Total cost (GHS)sort descendingTotal cost (USD)sort descending
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
ATL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
50.0033.33
-58.94
Percentage difference between market reference rate 42.16 and exchange rate charged 67.00
-58.94
-42.27-42.27
-126.81-84.54
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
-0.75
Percentage difference between market reference rate 0.10 and exchange rate charged 0.10
-0.75
-0.75-0.75
-2.25-1.50
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
20.0013.33
0.25
Percentage difference between market reference rate 0.10 and exchange rate charged 0.10
0.25
6.926.92
20.7613.84
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
25.0016.67
-0.40
Percentage difference between market reference rate 0.10 and exchange rate charged 0.10
-0.40
7.937.93
23.7915.86
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
25.0016.67
-0.35
Percentage difference between market reference rate 0.10 and exchange rate charged 0.10
-0.35
7.987.98
23.9415.96
Total Average Third Quarter
-4.04-4.04
Total Average Second Quarter
3.233.23
Total Average
Fee
24.0016.00
Exchange Rate Margin (%)
-12.04-12.04
Total Cost Percent (%)
-4.04-4.04
Total Cost (GHS) Total Cost (USD)
-12.11-8.08
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day 3-5 days
Bank account
Payment instrument
Access point
Sending network coverage
Receiving method
ATL Money Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
Medium
50.0033.33
-58.94
Percentage difference between market reference rate 42.16 and exchange rate charged 67.00
-58.94
-52.27-52.27
-392.03-261.35
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Internet
Sending network coverage
High
Receiving method
High
0.000.00
-0.75
Percentage difference between market reference rate 0.10 and exchange rate charged 0.10
-0.75
-0.75-0.75
-5.63-3.75
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch
Sending network coverage
Medium
Receiving method
Medium
25.0016.67
-0.40
Percentage difference between market reference rate 0.10 and exchange rate charged 0.10
-0.40
2.932.93
21.9814.65
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Call Center
Sending network coverage
Medium
Receiving method
Medium
25.0016.67
-0.35
Percentage difference between market reference rate 0.10 and exchange rate charged 0.10
-0.35
2.982.98
22.3514.90
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch
Sending network coverage
High
Receiving method
High
37.5025.00
0.25
Percentage difference between market reference rate 0.10 and exchange rate charged 0.10
0.25
5.255.25
39.3826.25
Total Average Third Quarter
-8.37-8.37
Total Average Second Quarter
-0.94-0.94
Total Average
Fee
27.5018.33
Exchange Rate Margin (%)
-12.04-12.04
Total Cost Percent (%)
-8.37-8.37
Total Cost (GHS) Total Cost (USD)
-62.79-41.86
Non-Transparent records
Bank account transfer Cash
Less than one hour Same day 3-5 days
Bank account