Compare today's USD to GHS (US Dollar to Ghana Cedi) exchange rates
📈 USA to Ghana Money Transfer Snapshot Today
- Best USD to GHS exchange rate today: GHS 10.8000, offered by WorldRemit
- Number of money transfer providers compared: 16
- Exchange rate range: GHS 10.2222 to GHS 10.8000
- Potential savings on USD 1000: GHS 577.80
- Number of deals and promo codes: 13
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real USD to GHS exchange rate before providers add their margin or fees. exchange rate: 1 USD = GHS 10.7819 (Updated about 1 hours ago)
See detailed USA to Ghana money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 Revolut is not a bank; banking services by Lead Bank
📢 New! Cash pickup available
📢 Special exchange rate applied for first transfer
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 USD-GHS exchange rates mean for you
Compare today's USD-GHS exchange rates and send money from USA 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 16 providers that you can rely on for USA to Ghana money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive USA to Ghana Providers
🥇 WorldRemit with 1 USD = 10.8000 GHS (best USD to GHS exchange rate today).
🥈 Western Union offering 1 USD = 10.8000 GHS.
The exchange rate provided by these 16 providers ranges from GHS 10.2222 to GHS 10.8000. For a USD 1000 money transfer from USA to Ghana, that could mean up to GHS 577.80 saved on FX alone.
USD-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 USA to Ghana remittances.
🔄 Looking for the reverse corridor? Send money from Ghana to USA 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 USA.
👇 We also suggest looking beyond today's USD-GHS exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst USD-GHS exchange rate is crucial, historical data shows that transfer fees, USD amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze USA 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 USA to Ghana money transfers
When you send money internationally from USA to Ghana, the key factors that will influence the overall cost of your transaction are:
- USD-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 USA 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 USA to Ghana money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 631 actual USA to Ghana money transfers handled by 9 providers over the last 5 years (for a USD 200 remittance benchmark).
This data-driven approach using real USD-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 USA to Ghana money transfers
- Average total cost: 7.58% (range -3.07% to 23.86%, spread 26.93 percentage points)
- Potential payout difference: On a USD 200 transfer, the above variation can save you up to USD 53.86.
- Average FX markup: 4.82% (range -4.56%
ⓘ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 19.85%, spread 24.41 percentage points) - Average transfer fee: USD 5.52 (range USD 0.00 to USD 23.75)
- Cheapest payment/delivery method combo: Debit Card → Mobile Wallet (3.12% avg cost); most expensive is Credit Card → Cash Pickup (10.62%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 7.50% (USD 15.00 on USD 200 transfer).
- Market coverage: ~9 providers on average (competition level: moderate)
- 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 USA to Ghana money transfers.
📈 USD to GHS exchange rate is often the biggest driver of both cost and payout
The exchange rate on your USA to Ghana money transfers is usually the single biggest factor that will determine your overall USD 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 USD 200 money transfer benchmark, we see the following FX markup ranges for US Dollar to Ghana transfers:
- Average markup: 4.82%
- Median markup: 3.53%
- Lowest markup: -4.56%
ⓘ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: 19.85%
That is a spread of 24.41 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a USD 200 transfer, the above markup range is equivalent to roughly GHS 48.82 purely from differences in the exchange rate. That incremental saving increases to GHS 122.05 for a USD 500 transfer.
🛠️ How to use this insight: When comparing providers for USA 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.
USD 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 USA 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 US Dollar reaches your recipient in Ghana.
Based on data from last 5 years, we notice the below about US Dollar to Ghana money transfer fees:
- Average fee: USD 5.52
- Median fee: USD 5.63
- Lowest fee: USD 0.00
- Highest fee: USD 23.75
The average fee amount of USD 5.52 noted above represents 2.76% 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 USD 23.75.
🛠️ How to use this insight: For your next money transfer from USA 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 USD-GHS remittances
Based on our detailed analysis of historical USA 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 USA:
- Bank Account Transfer: 6.19%
- Debit Card: 6.31%
- Credit Card: 8.51%
- Cash: 8.65%
That is a total spread of 2.46 percentage points.
This means that on a USD 200 transfer, you could save up to USD 4.93 simply by choosing the best priced payment method.
These savings will only multiply for higher USD amounts.
Here is the average cost of popular delivery methods used to send money from USA to Ghana:
- Mobile Wallet: 4.24%
- Bank Deposit: 5.84%
- Cash Pickup: 9.37%
The cost difference between the above delivery methods is 5.13 percentage points.
Once again, this means that you could save up to USD 10.26 on a USD 200 transfer to Ghana by choosing Mobile Wallet versus Cash Pickup.
As you can imagine, the possible combinations of USA 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 USA to GHS money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Debit Card | Mobile Wallet | 3.12 |
| Bank Account Transfer | Mobile Wallet | 3.33 |
| Bank Account Transfer | Bank Deposit | 3.91 |
| Debit Card | Bank Deposit | 4.97 |
| Cash | Mobile Wallet | 5.01 |
| Credit Card | Mobile Wallet | 5.19 |
| Credit Card | Bank Deposit | 7.38 |
| Cash | Bank Deposit | 7.54 |
| Bank Account Transfer | Cash Pickup | 7.92 |
| Debit Card | Cash Pickup | 8.29 |
| Cash | Cash Pickup | 9.61 |
| Credit Card | Cash Pickup | 10.62 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these USD-GHS payment and delivery options is significant. Here are some observations:
- Debit Card → Mobile Wallet has the lowest average cost at 3.12%.
- Credit Card → Cash Pickup has the highest average cost at 10.62%.
- Debit Card → Mobile Wallet average cost is 7.50 percentage points lower than that of Credit Card → Cash Pickup.
- This means that on a USD 200 money transfer, you could save up to USD 21.24 simply by choosing the best payment and delivery method combo.
- Further, on a USD 500 money transfer, the savings increase to USD 53.10.
Here is a quick summary of the average historical cost of various payment and delivery methods for USD to Ghana money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Bank Account Transfer averaged 6.19%, compared to 8.65% for Cash, a difference of 2.46 percentage points.
- Cheapest delivery method: Mobile Wallet averaged 4.24%, compared to 9.37% for Cash Pickup (5.13 percentage points higher).
- Cheapest combo: Debit Card → Mobile Wallet averaged 3.12%, which is 7.50 percentage points lower than Credit Card → Cash Pickup (10.62%).
🛠️ How to use this insight: As you compare money transfer providers for your next USA 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 USA to Ghana remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for USD-GHS remittances?
When we compared USA banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 1.96 percentage points more on average than money transfer providers for USA to Ghana remittances.
This means banks tend to be approximately 1.27x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | USD 8.16 | USD 5.21 | USD 2.94 |
| Exchange rate markup | 5.26% | 4.77% | 0.49 pp* |
| Average total cost (%) | 9.34% | 7.38% | 1.96 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in USA 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 USA, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of USD-GHS money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending USD 200 vs USD 500 from USA to Ghana.
We found that sending a higher amount (USD 500) tends to be cheaper - average cost drops from 7.58% to 6.60%, a reduction of 0.98 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 US Dollar 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 USA to Ghana remittance market?
Based on data from the last 5 years, USD-GHS money transfers are provided on an average by 9 remittance companies. With around 9 providers serving this market, we consider the level of competition to be moderate.
Traditional banks have represented only 11.1% of active providers in this corridor (1 out of 9), meaning money transfer companies make up the majority.
The good news is that you can currently compare 16 providers on RemitFinder for USD-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 USA to Ghana remittances.
⏱️ How fast are USD-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 USA 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 144 hours (~6.0 days).
- Average speed at USD 200: About 16 hours.
- Average speed at USD 500: About 16 hours.
Banks vs money transfer providers speed comparison: Banks are 14 hours faster on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from USA 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.
USA 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 USA to Ghana money transfers
These FAQs use data from RemitFinder's historical analysis of USA to Ghana money transfers over several years.
What factors affect the total cost of sending money from USA to Ghana?
The total cost of your USD-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 USA to Ghana transfers?
Historical USD to GHS exchange rate markup ranges from -4.56% to 19.85%, a spread of 24.41 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can USD-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 USD-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 USA to Ghana transfers?
Exchange rate markup ranges from -4.56% to 19.85% (a spread of 24.41 percentage points).
Transfer fees range from USD 0.00 to USD 23.75, which equals roughly 11.88% on a USD 200.00 transfer.
At both USD 200.00 and USD 500.00, 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 USA to Ghana transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger USD 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 USD.
How much can USA to Ghana transfer costs vary between providers?
Historical transfer cost ranges from -3.07% to 23.86% for USD transfers to Ghana. That is a spread of 26.93 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 -4.56% to 19.85% (a spread of 24.41 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 USD to Ghana transfers differently?
If you send the same US Dollar 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 USA to Ghana corridor?
When we analyzed the historical total cost for USD-GHS transfers, we observed a range from -3.07% to 23.86% (26.93 percentage points difference), along with a variability (standard deviation) of 4.89%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -4.56% to 19.85% (24.41 percentage points difference), with a standard deviation of 4.38%. 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 USD-GHS transfers.
Which payment method is cheapest for USA to Ghana remittances?
Bank Account Transfer is the cheapest payment method in USA based on its average cost at 6.19% (compared to Cash at 8.65%, a difference of 2.46 percentage points).
Based on this, we recommend paying for your USD transfer with Bank Account Transfer, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for USA to Ghana transfers?
Debit Card is cheaper on average when sending money to Ghana from USA since it costs 6.31% (compared to 8.51% for Credit Card payments, a difference of 2.21 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 USD-GHS money transfers?
Mobile Wallet is the cheapest delivery method in Ghana as it costs 4.24% (compared to Cash Pickup at 9.37%, a spread of 5.13 percentage points).
If your recipient in Ghana can accept Mobile Wallet, we recommend choosing it as your preferred delivery option for USD-GHS transfers.
Is Bank Deposit cheaper than Cash Pickup for USA to Ghana transfers?
Bank Deposit is cheaper for transfers to Ghana given its 5.84% average cost (versus 9.37% for Cash Pickup, a difference of 3.54 percentage points).
To save more, consider choosing the cheapest delivery option for Ghana.
What is the cheapest way to send money from USA to Ghana?
We evaluated 12 payment and delivery method combinations for USA to Ghana remittances.
Based on historical data, Debit Card → Mobile Wallet is the cheapest combination with 3.12% cost.
At the other end of the spectrum, Credit Card → Cash Pickup is the most expensive combination at 10.62% cost. That is a difference of 7.50 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for USA to Ghana remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your USD-GHS transfers.
Does sending more money reduce the cost for USA to Ghana transfers?
Larger USD-GHS transfers are cheaper on average.
The cost of a USD 200 transfer averages 7.58% as compared to 6.60% for a USD 500 transfer, a difference of 0.98 percentage points.
How long does it take to send money from USA to Ghana?
Based on our analysis, the average transfer time for USD-GHS transfers is 16 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 USA to Ghana?
Yes, historical data shows that some transfers to Ghana from USA can complete in less than one hour.
Note that the actual speed of your USD-GHS transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for USA to Ghana?
Banks in USA are more expensive than money transfer providers.
The average cost of banks is 9.34% compared to 7.38% for money transfer providers in USA, a difference of 1.96 percentage points.
Why do banks charge more for USA to Ghana transfers?
Bank transfers in USA cost 9.34% compared to 7.38% for money transfer companies.
The difference is often due to the fact that banks in USA provider lower exchange rates and charge high wire transfer fees.
How competitive is the USA to Ghana remittance market?
Based on historical data, the competition level in USA to Ghana is considered moderate with 9 active providers.
Money transfer providers represent about 88.9% of identified providers in USA.
Do I risk overpaying if I do not compare providers for USA to Ghana?
Historically, total USD-GHS transfer cost has varied by 26.93 percentage points. On a USD 200 transfer, that can translate to USD 53.86 in savings.
USD-GHS exchange rate markup also varies across providers. The average markup spread has been about 24.41 percentage points. On a USD 200 transfer, that could be USD 48.82 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about USD 23.75 across providers.
That is why comparing providers can materially change how much of the USD you send does your recipient receive in Ghana in Ghana.
Latest USD to GHS Conversion Rates
Here are some latest USD to GHS (US Dollar to Ghana Cedi) exchange rates for popular conversion amounts*.
| 1 USD | 10.78 GHS |
| 5 USD | 53.91 GHS |
| 10 USD | 107.82 GHS |
| 25 USD | 269.55 GHS |
| 50 USD | 539.10 GHS |
| 100 USD | 1,078.19 GHS |
| 150 USD | 1,617.29 GHS |
| 200 USD | 2,156.38 GHS |
| 250 USD | 2,695.48 GHS |
| 300 USD | 3,234.57 GHS |
| 400 USD | 4,312.76 GHS |
| 500 USD | 5,390.95 GHS |
| 600 USD | 6,469.14 GHS |
| 700 USD | 7,547.33 GHS |
| 800 USD | 8,625.52 GHS |
| 1000 USD | 10,781.90 GHS |
| 1500 USD | 16,172.85 GHS |
| 2000 USD | 21,563.80 GHS |
| 2500 USD | 26,954.75 GHS |
| 3000 USD | 32,345.70 GHS |
| 4000 USD | 43,127.60 GHS |
| 5000 USD | 53,909.50 GHS |
| 10000 USD | 107,819.00 GHS |
| 15000 USD | 161,728.50 GHS |
| 20000 USD | 215,638.00 GHS |
| 30000 USD | 323,457.00 GHS |
| 40000 USD | 431,276.00 GHS |
| 50000 USD | 539,095.00 GHS |
| 100000 USD | 1,078,190.00 GHS |
*Based on the Mid-market Exchange Rate
1 Based on 631 pricing observations across 9 firms over the last 5 years for a USD 200 money transfer from USA 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 USA 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.