Compare today's GBP to GHS (British Pound to Ghana Cedi) exchange rates
📈 UK to Ghana Money Transfer Snapshot Today
- Best GBP to GHS exchange rate today: GHS 14.8991, offered by Profee
- Number of money transfer providers compared: 15
- Exchange rate range: GHS 14.1450 to GHS 14.8991
- Potential savings on GBP 1000: GHS 754.10
- Number of deals and promo codes: 9
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real GBP to GHS exchange rate before providers add their margin or fees. exchange rate: 1 GBP = GHS 14.5987 (Updated about 1 hours ago)
See detailed UK to Ghana money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 Get promotional rate on your first transfer
📢 B2B transfers only
📢 Special exchange rate applied for first transfer
📢 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 GBP-GHS exchange rates mean for you
Compare today's GBP-GHS exchange rates and send money from UK 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 15 providers that you can rely on for UK to Ghana money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive UK to Ghana Providers
🥇 Profee with 1 GBP = 14.8991 GHS (best GBP to GHS exchange rate today).
🥈 Regency FX offering 1 GBP = 14.5373 GHS.
🥉 Key Currency & Verto are also providing good FX rate today.
The exchange rate provided by these 15 providers ranges from GHS 14.1450 to GHS 14.8991. For a GBP 1000 money transfer from UK to Ghana, that could mean up to GHS 754.10 saved on FX alone.
GBP-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 UK to Ghana remittances.
🔄 Looking for the reverse corridor? Send money from Ghana to UK 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 UK.
👇 We also suggest looking beyond today's GBP-GHS exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst GBP-GHS exchange rate is crucial, historical data shows that transfer fees, GBP amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze UK 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 UK to Ghana money transfers
When you send money internationally from UK to Ghana, the key factors that will influence the overall cost of your transaction are:
- GBP-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 UK 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 UK to Ghana money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 734 actual UK to Ghana money transfers handled by 19 providers over the last 5 years (for a GBP 120 remittance benchmark).
This data-driven approach using real GBP-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 UK to Ghana money transfers
- Average total cost: 6.06% (range -5.89% to 42.50%, spread 48.39 percentage points)
- Potential payout difference: On a GBP 120 transfer, the above variation can save you up to GBP 58.07.
- Average FX markup: 4.20% (range -7.78%
ⓘ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 39.50%, spread 47.28 percentage points) - Average transfer fee: GBP 2.24 (range GBP 0.00 to GBP 35.00)
- Cheapest payment/delivery method combo: Bank Account Transfer → Mobile Wallet (2.89% avg cost); most expensive is Cash → Bank Deposit (16.24%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 13.36% (GBP 16.03 on GBP 120 transfer).
- Market coverage: ~19 providers on average (competition level: competitive)
- Average speed: About 16 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 UK to Ghana money transfers.
📈 GBP to GHS exchange rate is often the biggest driver of both cost and payout
The exchange rate on your UK to Ghana money transfers is usually the single biggest factor that will determine your overall GBP 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 GBP 120 money transfer benchmark, we see the following FX markup ranges for British Pound to Ghana transfers:
- Average markup: 4.20%
- Median markup: 2.79%
- Lowest markup: -7.78%
ⓘ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: 39.50%
That is a spread of 47.28 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a GBP 120 transfer, the above markup range is equivalent to roughly GHS 56.74 purely from differences in the exchange rate. That incremental saving increases to GHS 141.84 for a GBP 300 transfer.
🛠️ How to use this insight: When comparing providers for UK 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.
GBP 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 UK 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 British Pound reaches your recipient in Ghana.
Based on data from last 5 years, we notice the below about British Pound to Ghana money transfer fees:
- Average fee: GBP 2.24
- Median fee: GBP 2.00
- Lowest fee: GBP 0.00
- Highest fee: GBP 35.00
The average fee amount of GBP 2.24 noted above represents 1.87% 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 GBP 35.00.
🛠️ How to use this insight: For your next money transfer from UK 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 GBP-GHS remittances
Based on our detailed analysis of historical UK 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 UK:
- Bank Account Transfer: 5.20%
- Debit Card: 6.09%
- Credit Card: 6.12%
- Cash: 8.61%
That is a total spread of 3.42 percentage points.
This means that on a GBP 120 transfer, you could save up to GBP 4.10 simply by choosing the best priced payment method.
These savings will only multiply for higher GBP amounts.
Here is the average cost of popular delivery methods used to send money from UK to Ghana:
- Mobile Wallet: 3.54%
- Bank Deposit: 5.46%
- Cash Pickup: 7.60%
The cost difference between the above delivery methods is 4.06 percentage points.
Once again, this means that you could save up to GBP 4.87 on a GBP 120 transfer to Ghana by choosing Mobile Wallet versus Cash Pickup.
As you can imagine, the possible combinations of UK 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 UK to GHS money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Bank Account Transfer | Mobile Wallet | 2.89 |
| Debit Card | Mobile Wallet | 3.69 |
| Credit Card | Bank Deposit | 3.72 |
| Credit Card | Mobile Wallet | 3.90 |
| Debit Card | Bank Deposit | 5.08 |
| Bank Account Transfer | Cash Pickup | 5.86 |
| Bank Account Transfer | Bank Deposit | 6.73 |
| Credit Card | Cash Pickup | 7.77 |
| Debit Card | Cash Pickup | 7.79 |
| Cash | Cash Pickup | 8.26 |
| Cash | Bank Deposit | 16.24 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these GBP-GHS payment and delivery options is significant. Here are some observations:
- Bank Account Transfer → Mobile Wallet has the lowest average cost at 2.89%.
- Cash → Bank Deposit has the highest average cost at 16.24%.
- Bank Account Transfer → Mobile Wallet average cost is 13.36 percentage points lower than that of Cash → Bank Deposit.
- This means that on a GBP 120 money transfer, you could save up to GBP 19.49 simply by choosing the best payment and delivery method combo.
- Further, on a GBP 300 money transfer, the savings increase to GBP 48.73.
Here is a quick summary of the average historical cost of various payment and delivery methods for GBP to Ghana money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Bank Account Transfer averaged 5.20%, compared to 8.61% for Cash, a difference of 3.42 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 3.54%, compared to 7.60% for Cash Pickup (4.06 percentage points higher).
- Cheapest combo: Bank Account Transfer → Mobile Wallet averaged 2.89%, which is 13.36 percentage points lower than Cash → Bank Deposit (16.24%).
🛠️ How to use this insight: As you compare money transfer providers for your next UK 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 UK to Ghana remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for GBP-GHS remittances?
When we compared UK banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 14.77 percentage points more on average than money transfer providers for UK to Ghana remittances.
This means banks tend to be approximately 3.49x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | GBP 21.67 | GBP 2.08 | GBP 19.59 |
| Exchange rate markup | 2.66% | 4.21% | -1.55 pp* |
| Average total cost (%) | 20.72% | 5.94% | 14.77 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in UK may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in UK, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of GBP-GHS money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending GBP 120 vs GBP 300 from UK to Ghana.
We found that sending a higher amount (GBP 300) tends to be cheaper - average cost drops from 6.06% to 5.30%, a reduction of 0.76 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 British Pound 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 UK to Ghana remittance market?
Based on data from the last 5 years, GBP-GHS money transfers are provided on an average by 19 remittance companies. With around 19 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 5.3% of active providers in this corridor (1 out of 19), meaning money transfer companies make up the majority.
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 UK to Ghana remittances.
⏱️ How fast are GBP-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 UK to Ghana transfers when it comes to processing time:
- Average transfer time: About 16 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at GBP 120: About 16 hours.
- Average speed at GBP 300: About 16 hours.
Banks vs money transfer providers speed comparison: Banks take 81 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from UK 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.
UK 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 UK to Ghana money transfers
These FAQs use data from RemitFinder's historical analysis of UK to Ghana money transfers over several years.
What factors affect the total cost of sending money from UK to Ghana?
The total cost of your GBP-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 UK to Ghana transfers?
Historical GBP to GHS exchange rate markup ranges from -7.78% to 39.50%, a spread of 47.28 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can GBP-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 GBP-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 UK to Ghana transfers?
Exchange rate markup ranges from -7.78% to 39.50% (a spread of 47.28 percentage points).
Transfer fees range from GBP 0.00 to GBP 35.00, which equals roughly 29.17% on a GBP 120.00 transfer.
At both GBP 120.00 and GBP 300.00, 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 UK to Ghana transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger GBP 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 GBP.
How much can UK to Ghana transfer costs vary between providers?
Historical transfer cost ranges from -5.89% to 42.50% for GBP transfers to Ghana. That is a spread of 48.39 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 -7.78% to 39.50% (a spread of 47.28 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 GBP to Ghana transfers differently?
If you send the same British Pound 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 UK to Ghana corridor?
When we analyzed the historical total cost for GBP-GHS transfers, we observed a range from -5.89% to 42.50% (48.39 percentage points difference), along with a variability (standard deviation) of 6.17%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -7.78% to 39.50% (47.28 percentage points difference), with a standard deviation of 5.43%. 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 GBP-GHS transfers.
Which payment method is cheapest for UK to Ghana remittances?
Bank Account Transfer is the cheapest payment method in UK based on its average cost at 5.20% (compared to Cash at 8.61%, a difference of 3.42 percentage points).
Based on this, we recommend paying for your GBP transfer with Bank Account Transfer, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for UK to Ghana transfers?
Debit Card is cheaper on average when sending money to Ghana from UK since it costs 6.09% (compared to 6.12% for Credit Card payments, a difference of 0.03 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 GBP-GHS money transfers?
Mobile Wallet is the cheapest delivery method in Ghana as it costs 3.54% (compared to Cash Pickup at 7.60%, a spread of 4.06 percentage points).
If your recipient in Ghana can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for GBP-GHS transfers.
Is Bank Deposit cheaper than Cash Pickup for UK to Ghana transfers?
Bank Deposit is cheaper for transfers to Ghana given its 5.46% average cost (versus 7.60% for Cash Pickup, a difference of 2.13 percentage points).
To save more, consider choosing the cheapest delivery option for Ghana.
What is the cheapest way to send money from UK to Ghana?
We evaluated 11 payment and delivery method combinations for UK to Ghana remittances.
Based on historical data, Bank Account Transfer → Mobile Wallet is the cheapest combination with 2.89% cost.
At the other end of the spectrum, Cash → Bank Deposit is the most expensive combination at 16.24% cost. That is a difference of 13.36 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for UK to Ghana remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your GBP-GHS transfers.
Does sending more money reduce the cost for UK to Ghana transfers?
Larger GBP-GHS transfers are cheaper on average.
The cost of a GBP 120 transfer averages 6.06% as compared to 5.30% for a GBP 300 transfer, a difference of 0.76 percentage points.
How long does it take to send money from UK to Ghana?
Based on our analysis, the average transfer time for GBP-GHS transfers is 16 hours, with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Are instant transfers available from UK to Ghana?
Yes, historical data shows that some transfers to Ghana from UK can complete in less than one hour.
Note that the actual speed of your GBP-GHS transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for UK to Ghana?
Banks in UK are more expensive than money transfer providers.
The average cost of banks is 20.72% compared to 5.94% for money transfer providers in UK, a difference of 14.77 percentage points.
Why do banks charge more for UK to Ghana transfers?
Bank transfers in UK cost 20.72% compared to 5.94% for money transfer companies.
The difference is often due to the fact that banks in UK provider lower exchange rates and charge high wire transfer fees.
How competitive is the UK to Ghana remittance market?
Based on historical data, the competition level in UK to Ghana is considered competitive with 19 active providers.
Money transfer providers represent about 94.7% of identified providers in UK.
Do I risk overpaying if I do not compare providers for UK to Ghana?
Historically, total GBP-GHS transfer cost has varied by 48.39 percentage points. On a GBP 120 transfer, that can translate to GBP 58.07 in savings.
GBP-GHS exchange rate markup also varies across providers. The average markup spread has been about 47.28 percentage points. On a GBP 120 transfer, that could be GBP 56.74 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about GBP 35.00 across providers.
That is why comparing providers can materially change how much of the GBP you send does your recipient receive in Ghana in Ghana.
Latest GBP to GHS Conversion Rates
Here are some latest GBP to GHS (British Pound to Ghana Cedi) exchange rates for popular conversion amounts*.
| 1 GBP | 14.60 GHS |
| 5 GBP | 72.99 GHS |
| 10 GBP | 145.99 GHS |
| 25 GBP | 364.97 GHS |
| 50 GBP | 729.94 GHS |
| 100 GBP | 1,459.87 GHS |
| 150 GBP | 2,189.81 GHS |
| 200 GBP | 2,919.74 GHS |
| 250 GBP | 3,649.67 GHS |
| 300 GBP | 4,379.61 GHS |
| 400 GBP | 5,839.48 GHS |
| 500 GBP | 7,299.35 GHS |
| 600 GBP | 8,759.22 GHS |
| 700 GBP | 10,219.09 GHS |
| 800 GBP | 11,678.96 GHS |
| 1000 GBP | 14,598.70 GHS |
| 1500 GBP | 21,898.05 GHS |
| 2000 GBP | 29,197.40 GHS |
| 2500 GBP | 36,496.75 GHS |
| 3000 GBP | 43,796.10 GHS |
| 4000 GBP | 58,394.80 GHS |
| 5000 GBP | 72,993.50 GHS |
| 10000 GBP | 145,987.00 GHS |
| 15000 GBP | 218,980.50 GHS |
| 20000 GBP | 291,974.00 GHS |
| 30000 GBP | 437,961.00 GHS |
| 40000 GBP | 583,948.00 GHS |
| 50000 GBP | 729,935.00 GHS |
| 100000 GBP | 1,459,870.00 GHS |
*Based on the Mid-market Exchange Rate
Other popular countries to send money from UK
- Send money from UK to Algeria
- Send money from UK to Armenia
- Send money from UK to Australia
- Send money from UK to Bermuda
- Send money from UK to Bosnia and Herzegovina
- Send money from UK to Bulgaria
- Send money from UK to Georgia
- Send money from UK to Luxembourg
- Send money from UK to Malaysia
- Send money from UK to Moldova
- Send money from UK to Netherlands
- Send money from UK to Nicaragua
- Send money from UK to Slovakia
- Send money from UK to Somalia
- Send money from UK to Tajikistan
- Send money from UK to Tunisia
1 Based on 734 pricing observations across 19 firms over the last 5 years for a GBP 120 money transfer from UK 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 UK 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.