Compare today's EUR to GHS (Euro to Ghana Cedi) exchange rates
📈 Germany to Ghana Money Transfer Snapshot Today
- Best EUR to GHS exchange rate today: GHS 12.9805, offered by Dahabshiil
- Number of money transfer providers compared: 14
- Exchange rate range: GHS 12.2288 to GHS 12.9805
- Potential savings on EUR 1000: GHS 751.70
- Number of deals and promo codes: 8
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to GHS exchange rate before providers add their margin or fees. exchange rate: 1 EUR = GHS 12.5392 (Updated about an hour ago)
See detailed Germany to Ghana money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Get promotional rate on your first transfer
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 New! Cash pickup available
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's EUR-GHS exchange rates mean for you
Compare today's EUR-GHS exchange rates and send money from Germany to Ghana after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 14 providers that you can rely on for Germany to Ghana money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Germany to Ghana Providers
🥇 Dahabshiil with 1 EUR = 12.9805 GHS (best EUR to GHS exchange rate today).
🥈 TalkRemit offering 1 EUR = 12.9805 GHS.
The exchange rate provided by these 14 providers ranges from GHS 12.2288 to GHS 12.9805. For a EUR 1000 money transfer from Germany to Ghana, that could mean up to GHS 751.70 saved on FX alone.
EUR-GHS exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final GHS payout that your recipient gets in Ghana.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Germany to Ghana remittances.
🔄 Looking for the reverse corridor? Send money from Ghana to Germany instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Germany.
👇 We also suggest looking beyond today's EUR-GHS exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst EUR-GHS exchange rate is crucial, historical data shows that transfer fees, EUR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Germany to Ghana historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your GHS payout.
Data-driven cost insights for Germany to Ghana money transfers
When you send money internationally from Germany to Ghana, the key factors that will influence the overall cost of your transaction are:
- EUR-GHS exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum GHS payout for your overseas recipient in Ghana.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Germany to Ghana, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Germany to Ghana money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 684 actual Germany to Ghana money transfers handled by 13 providers over the last 5 years (for a EUR 140 remittance benchmark).
This data-driven approach using real EUR-GHS transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Germany to Ghana money transfers
- Average total cost: 8.42% (range -1.77% to 32.19%, spread 33.96 percentage points)
- Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 47.54.
- Average FX markup: 5.52% (range -5.34%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 27.46%, spread 32.80 percentage points) - Average transfer fee: EUR 4.05 (range EUR 0.00 to EUR 19.90)
- Cheapest payment/delivery method combo: Bank Account Transfer → Mobile Wallet (4.70% avg cost); most expensive is Cash → Cash Pickup (12.18%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 7.48% (EUR 10.48 on EUR 140 transfer).
- Market coverage: ~13 providers on average (competition level: competitive)
- Average speed: About 17 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Germany to Ghana money transfers.
📈 EUR to GHS exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Germany to Ghana money transfers is usually the single biggest factor that will determine your overall EUR cost and your recipient's GHS payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a EUR 140 money transfer benchmark, we see the following FX markup ranges for Euro to Ghana transfers:
- Average markup: 5.52%
- Median markup: 3.96%
- Lowest markup: -5.34%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 27.46%
That is a spread of 32.80 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a EUR 140 transfer, the above markup range is equivalent to roughly GHS 45.92 purely from differences in the exchange rate. That incremental saving increases to GHS 113.16 for a EUR 345 transfer.
🛠️ How to use this insight: When comparing providers for Germany to Ghana remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
EUR to GHS exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Germany to Ghana remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Euro reaches your recipient in Ghana.
Based on data from last 5 years, we notice the below about Euro to Ghana money transfer fees:
- Average fee: EUR 4.05
- Median fee: EUR 2.99
- Lowest fee: EUR 0.00
- Highest fee: EUR 19.90
The average fee amount of EUR 4.05 noted above represents 2.90% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by EUR 19.90.
🛠️ How to use this insight: For your next money transfer from Germany to Ghana Cedi, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for EUR-GHS remittances
Based on our detailed analysis of historical Germany to Ghana data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Ghana from Germany:
- Bank Account Transfer: 7.00%
- Debit Card: 7.94%
- Credit Card: 8.41%
- Cash: 11.66%
That is a total spread of 4.66 percentage points.
This means that on a EUR 140 transfer, you could save up to EUR 6.52 simply by choosing the best priced payment method.
These savings will only multiply for higher EUR amounts.
Here is the average cost of popular delivery methods used to send money from Germany to Ghana:
- Mobile Wallet: 6.23%
- Bank Deposit: 6.55%
- Cash Pickup: 10.22%
The cost difference between the above delivery methods is 3.98 percentage points.
Once again, this means that you could save up to EUR 5.57 on a EUR 140 transfer to Ghana by choosing Mobile Wallet versus Cash Pickup.
As you can imagine, the possible combinations of Germany payment methods and Ghana delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Germany to GHS money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Mobile Wallet | 4.70 |
| Bank Account Transfer | Bank Deposit | 5.59 |
| Debit Card | Mobile Wallet | 5.96 |
| Debit Card | Bank Deposit | 6.46 |
| Credit Card | Mobile Wallet | 6.60 |
| Credit Card | Bank Deposit | 7.28 |
| Bank Account Transfer | Cash Pickup | 9.37 |
| Debit Card | Cash Pickup | 9.47 |
| Credit Card | Cash Pickup | 9.52 |
| Cash | Mobile Wallet | 9.66 |
| Cash | Cash Pickup | 12.18 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these EUR-GHS payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Mobile Wallet has the lowest average cost at 4.70%.
- Cash → Cash Pickup has the highest average cost at 12.18%.
- Bank Account Transfer → Mobile Wallet average cost is 7.48 percentage points lower than that of Cash → Cash Pickup.
- This means that on a EUR 140 money transfer, you could save up to EUR 17.06 simply by choosing the best payment and delivery method combo.
- Further, on a EUR 345 money transfer, the savings increase to EUR 42.03.
Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to Ghana money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Bank Account Transfer averaged 7.00%, compared to 11.66% for Cash, a difference of 4.66 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 6.23%, compared to 10.22% for Cash Pickup (3.98 percentage points higher).
- Cheapest combo: Bank Account Transfer → Mobile Wallet averaged 4.70%, which is 7.48 percentage points lower than Cash → Cash Pickup (12.18%).
🛠️ How to use this insight: As you compare money transfer providers for your next Germany to Ghana international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Germany to Ghana remittances by carefully choosing the most economical payment and delivery methods.
📊 Does sending more money reduce the cost of EUR-GHS money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending EUR 140 vs EUR 345 from Germany to Ghana.
We found that sending a higher amount (EUR 345) tends to be cheaper - average cost drops from 8.42% to 7.39%, a reduction of 1.03 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Euro amounts to Ghana, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Germany to Ghana remittance market?
Based on data from the last 5 years, EUR-GHS money transfers are provided on an average by 13 remittance companies. With around 13 providers serving this market, we consider the level of competition to be competitive.
The good news is that you can currently compare 14 providers on RemitFinder for EUR-GHS transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Germany to Ghana remittances.
⏱️ How fast are EUR-GHS money transfers?
If your recipient in Ghana needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Germany to Ghana transfers when it comes to processing time:
- Average transfer time: About 17 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at EUR 140: About 17 hours.
- Average speed at EUR 345: About 17 hours.
🛠️ How to use this insight: If you need to send money from Germany to Ghana in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Ghana.
Germany to Ghana transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Germany to Ghana money transfers
These FAQs use data from RemitFinder's historical analysis of Germany to Ghana money transfers over several years.
What factors affect the total cost of sending money from Germany to Ghana?
The total cost of your EUR-GHS money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Germany to Ghana transfers?
Historical EUR to GHS exchange rate markup ranges from -5.34% to 27.46%, a spread of 32.80 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can EUR-GHS exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative EUR-GHS exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Germany to Ghana transfers?
Exchange rate markup ranges from -5.34% to 27.46% (a spread of 32.80 percentage points).
Transfer fees range from EUR 0.00 to EUR 19.90, which equals roughly 14.21% on a EUR 140.00 transfer.
At both EUR 140.00 and EUR 345.00, the exchange rate markup shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Germany to Ghana transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most GHS for your EUR.
How much can Germany to Ghana transfer costs vary between providers?
Historical transfer cost ranges from -1.77% to 32.19% for EUR transfers to Ghana. That is a spread of 33.96 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -5.34% to 27.46% (a spread of 32.80 percentage points). Thus, even small differences in FX margin can have a big impact on the final GHS payout.
Why do various money transfer providers price EUR to Ghana transfers differently?
If you send the same Euro amount to Ghana via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final GHS payout in Ghana in a big way.
How stable are transfer costs in the Germany to Ghana corridor?
When we analyzed the historical total cost for EUR-GHS transfers, we observed a range from -1.77% to 32.19% (33.96 percentage points difference), along with a variability (standard deviation) of 6.24%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -5.34% to 27.46% (32.80 percentage points difference), with a standard deviation of 5.40%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your EUR-GHS transfers.
Which payment method is cheapest for Germany to Ghana remittances?
Bank Account Transfer is the cheapest payment method in Germany based on its average cost at 7.00% (compared to Cash at 11.66%, a difference of 4.66 percentage points).
Based on this, we recommend paying for your EUR transfer with Bank Account Transfer, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for Germany to Ghana transfers?
Debit Card is cheaper on average when sending money to Ghana from Germany since it costs 7.94% (compared to 8.41% for Credit Card payments, a difference of 0.47 percentage points).
As a result, we recommend that you avoid paying for your transfer to Ghana with a Credit Card.
Which delivery method is cheapest for EUR-GHS money transfers?
Mobile Wallet is the cheapest delivery method in Ghana as it costs 6.23% (compared to Cash Pickup at 10.22%, a spread of 3.98 percentage points).
If your recipient in Ghana can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for EUR-GHS transfers.
Is Bank Deposit cheaper than Cash Pickup for Germany to Ghana transfers?
Bank Deposit is cheaper for transfers to Ghana given its 6.55% average cost (versus 10.22% for Cash Pickup, a difference of 3.67 percentage points).
To save more, consider choosing the cheapest delivery option for Ghana.
What is the cheapest way to send money from Germany to Ghana?
We evaluated 11 payment and delivery method combinations for Germany to Ghana remittances.
Based on historical data, Bank Account Transfer → Mobile Wallet is the cheapest combination with 4.70% cost.
At the other end of the spectrum, Cash → Cash Pickup is the most expensive combination at 12.18% cost. That is a difference of 7.48 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Germany to Ghana remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your EUR-GHS transfers.
Does sending more money reduce the cost for Germany to Ghana transfers?
Larger EUR-GHS transfers are cheaper on average.
The cost of a EUR 140 transfer averages 8.42% as compared to 7.39% for a EUR 345 transfer, a difference of 1.03 percentage points.
How long does it take to send money from Germany to Ghana?
Based on our analysis, the average transfer time for EUR-GHS transfers is 17 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from Germany to Ghana?
Yes, historical data shows that some transfers to Ghana from Germany can complete in less than one hour.
Note that the actual speed of your EUR-GHS transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
How competitive is the Germany to Ghana remittance market?
Based on historical data, the competition level in Germany to Ghana is considered competitive with 13 active providers.
Do I risk overpaying if I do not compare providers for Germany to Ghana?
Historically, total EUR-GHS transfer cost has varied by 33.96 percentage points. On a EUR 140 transfer, that can translate to EUR 47.54 in savings.
EUR-GHS exchange rate markup also varies across providers. The average markup spread has been about 32.80 percentage points. On a EUR 140 transfer, that could be EUR 45.92 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 19.90 across providers.
That is why comparing providers can materially change how much of the EUR you send does your recipient receive in Ghana in Ghana.
Latest EUR to GHS Conversion Rates
Here are some latest EUR to GHS (Euro to Ghana Cedi) exchange rates for popular conversion amounts*.
| 1 EUR | 12.54 GHS |
| 5 EUR | 62.70 GHS |
| 10 EUR | 125.39 GHS |
| 25 EUR | 313.48 GHS |
| 50 EUR | 626.96 GHS |
| 100 EUR | 1,253.92 GHS |
| 150 EUR | 1,880.88 GHS |
| 200 EUR | 2,507.84 GHS |
| 250 EUR | 3,134.80 GHS |
| 300 EUR | 3,761.76 GHS |
| 400 EUR | 5,015.68 GHS |
| 500 EUR | 6,269.60 GHS |
| 600 EUR | 7,523.52 GHS |
| 700 EUR | 8,777.44 GHS |
| 800 EUR | 10,031.36 GHS |
| 1000 EUR | 12,539.20 GHS |
| 1500 EUR | 18,808.80 GHS |
| 2000 EUR | 25,078.40 GHS |
| 2500 EUR | 31,348.00 GHS |
| 3000 EUR | 37,617.60 GHS |
| 4000 EUR | 50,156.80 GHS |
| 5000 EUR | 62,696.00 GHS |
| 10000 EUR | 125,392.00 GHS |
| 15000 EUR | 188,088.00 GHS |
| 20000 EUR | 250,784.00 GHS |
| 30000 EUR | 376,176.00 GHS |
| 40000 EUR | 501,568.00 GHS |
| 50000 EUR | 626,960.00 GHS |
| 100000 EUR | 1,253,920.00 GHS |
*Based on the Mid-market Exchange Rate
1 Based on 684 pricing observations across 13 firms over the last 5 years for a EUR 140 money transfer from Germany to Ghana. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Germany to Ghana remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.