Remittance Prices Worldwide

MAKING MARKETS MORE TRANSPARENT

From GHGhana you can also send money to

Sending money from GHANA to NIGERIA

Data collected on: Mar 26, 2021
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)Total cost (USD)
The total cost of sending a remittance transfer includes: the fee charged to the sender plus the exchange rate margin.
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Agent
Medium
4.803.20
0.21
Percentage difference between market reference rate 0.17 and exchange rate charged 0.17
0.21
1.811.81
5.433.62
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
66.1044.07
0.89
Percentage difference between market reference rate 0.17 and exchange rate charged 0.17
0.89
22.9222.92
68.7645.84
Total Average First Quarter
12.3712.37
Total Average Fourth Quarter 2020
13.1213.12
Total Average
Fee
35.4523.63
Exchange Rate Margin (%)
0.550.55
Total Cost Percent (%)
12.3712.37
Total Cost (GHS) Total Cost (USD)
37.1024.73
Non-Transparent records
Bank account transfer Cash
Same day 3-5 days
Bank account Cash
Payment instrument
Access point
Sending network coverage
Receiving method
EcoBank Rapid Transfer
Firm type: Money Transfer Operator
Payment instrument
Access point
Bank branch, Internet
Sending network coverage
High
Receiving method
Agent
Medium
10.006.67
0.21
Percentage difference between market reference rate 0.17 and exchange rate charged 0.17
0.21
1.541.54
11.557.70
United Bank for Africa (UBA)
Firm type: Bank
Payment instrument
Access point
Bank branch, Call Center
Sending network coverage
Medium
Receiving method
Medium
79.6053.07
0.89
Percentage difference between market reference rate 0.17 and exchange rate charged 0.17
0.89
11.5111.51
86.3357.55
Total Average First Quarter
6.536.53
Total Average Fourth Quarter 2020
9.129.12
Total Average
Fee
44.8029.87
Exchange Rate Margin (%)
0.550.55
Total Cost Percent (%)
6.536.53
Total Cost (GHS) Total Cost (USD)
48.9432.63
Non-Transparent records
Bank account transfer Cash
Same day 3-5 days
Bank account Cash