GhanaGHSGhanaian Cedi
Ghanaian cedi is a currency with character: in 2022 it lost more against the dollar than almost any other currency in the world, then partially recovered, and sharp movements are the norm for it. For those who transfer money to Ghana regularly, this is familiar: the amount calculated last week is already different by the time of transfer. Hence a simple conclusion - don't focus on promises of a favorable rate, but on the fixed cedi amount before payment. Commission from 0.9%.
The route, the receiving bank and the payout amount are agreed before payment.
The national currency is the Ghanaian cedi (GHS), with a floating exchange rate that remains highly volatile; 1 cedi = 100 pesewas. Ghana was the first country in Tropical Africa to gain independence and is one of the world's largest exporters of gold and cocoa. In recent years, the country's economy has gone through a debt crisis and an IMF program, and in 2022 the cedi was among the world's currencies with the strongest decline; later the rate moved in both directions, but high volatility remains an important feature of the direction. The central bank and regulator is Bank of Ghana, located in Accra; Accra is the country's main financial center. Among the major banks are GCB Bank, which has one of the widest branch networks in the country, as well as Ecobank Ghana, Absa Bank Ghana, and Fidelity Bank, representing the pan-African, South African, and local banking groups respectively.
A particular feature of Ghana is its developed mobile money market: a significant portion of domestic transactions go through MTN MoMo and other mobile wallets rather than bank cards. For incoming international transfers via mobile money, a separate route is used, the availability of which ATM24 checks in advance. IBAN format is not used in Ghana: for international SWIFT transfers, you typically need the bank's SWIFT/BIC, account number, and recipient's name in Latin characters. Ghana has not imposed its own sanctions against Russia, so restrictions on a particular transfer are primarily related to the receiving bank, correspondent chain, and standard AML/KYC checks. The official language is English; Twi, Ewe, Ga, and other local languages are also widely used. Bank details and documents are usually prepared in English. The country operates in UTC+0 timezone and is 3 hours behind Moscow, so Ghanaian banks' working hours fall during daytime and early evening Moscow time. ATM24 checks the available route in advance before confirming your application. International SWIFT transfer time is 2–5 business days. ATM24 commission is from 0.9%.
Cards from Ghanaian banks credit cedis; with a volatile rate it's important that the amount is fixed in the application, not at the moment of receipt. GCB Bank, Ecobank Ghana, Absa Bank Ghana, Fidelity Bank Ghana. You'll need 16 card digits and the cardholder's name in Latin characters for crediting. Cards are less common in Ghana than mobile wallets - check with the recipient what they actually use
Ghana operates without IBAN format - instead the bank and recipient are identified by SWIFT code and account number. Bank SWIFT code, recipient's account number, and their name in Latin characters - you need this complete set to submit an application. An account is more reliable than cash with a volatile rate: money doesn't sit waiting for exchange. If the recipient uses a mobile wallet, the route is clarified separately
Cedis paid out in cash: Ghana's banking network is one of the more developed in West Africa. Accra is the capital and financial center; Kumasi is the country's second-largest city. Many transactions in Ghana go through mobile wallets rather than cash and cards. If the recipient prefers a mobile wallet to cash, you can also discuss this option with your manager
You'll need the recipient bank's SWIFT code, account number, and name in Latin characters for Ghana - IBAN format is not used here. The main feature of this direction is cedi volatility: converting rubles to cedis makes sense only at the moment of application, yesterday's rate is already outdated. ATM24 locks in the amount before payment, and it does not change upon receipt. Ghana has not imposed sanctions against Russia. Check with the recipient what they actually use - a bank account or mobile wallet: in Ghana these are different routes.
We accept RUB, USD, EUR and USDT — we pay out in GHS
RUB GHS
0.1261per 1 RUB
10 000 ₽ = 1 261 GHSUSD GHS
11.15per 1 USD
100 $ = 1 115 GHSEUR GHS
12.38per 1 EUR
100 € = 1 238 GHSUSDT GHS
11.15per 1 USDT
100 USDT = 1 115 GHS| You send | Payout in GHS |
|---|---|
| 100 USDT | 1 115 GHS |
| 300 USDT | 3 344 GHS |
| 500 USDT | 5 573 GHS |
| 1 000 USDT | 11 146 GHS |
| 5 000 USDT | 55 731 GHS |
Where recipients usually get the money in Ghana
GCB Bank Ghana Commercial Bank — a commercial bank for personal and corporate customers. Core services include accounts, cards, payments, and settlement services.
SWIFT: check details; Description: Pan-African Ecobank group
SWIFT: check details; Description: South African Absa group
Standard Chartered Ghana — a bank serving personal customers and small businesses. Its services typically include accounts, cards, branches, and digital banking.
Stanbic Bank Ghana — a local bank with standard account and cash services. Transfer availability depends on the details, currency, and bank rules.
National Currency
The national currency is the Ghanaian cedi (GHS), with a floating exchange rate characterized by high volatility.
Card Systems
Visa and Mastercard are the main international systems. GhIPSS (Ghana Interbank Payment and Settlement System) unites all banks. GhIPSS Instant Pay provides instant transfers. MTN MoMo is the largest mobile wallet with enormous coverage.
Payment Applications
MTN MoMo (Mobile Money) is the dominant operator with over 60% market coverage. Vodafone Cash and AirtelTigo Money are the main alternatives. GCB Bank Mobile and Cal Bank App for bank customers. Wave is appearing in Accra and Kumasi.
Interbank Transfers
IBAN format is not used in Ghana: for international transfers, SWIFT/BIC of the bank and account number are used.
Financial Regulator
Bank of Ghana is the central bank and main financial regulator of the country; located in Accra.
Features for ATM24
Ghana has not imposed its own sanctions against Russia.
With an ATM24 transfer the recipient gives their own bank and details, so the money lands directly on the account.
Three steps from request to payout
Fill in the form or write to us on WhatsApp or Telegram — a manager will check the available route
We check the recipient details and confirm the route, rate, fee and payout amount
Once paid, the transfer goes out along the agreed route — we report the status in the messenger
We verify the exact details when agreeing the available route before payment.
Facts, not promises
You see the rate, the fee and the payout amount before you send the money.
The route, rate, fee and payout amount are agreed before payment.
Reference cities with payout locations. Availability of a specific location is confirmed in the request.
Confirm the city before payment
Only methods present in both the country description and the current route are shown.
Real stories from real people
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Read full reviewWe agree the rate and the payout method before payment — pick where the money goes.
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We've gathered answers about Ghanaian cedis, its exchange rate to the ruble and dollar, and how money reaches recipients in Ghana.
For a transfer to Ghana in GHS, ATM24 builds the order around the recipient's payout method on the Ghana GHS payout route. The sender sees the route, fee from 0.9%, expected timing from 15 minutes, and final amount before payment; if details change, the calculation is updated. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
A card or bank-account payout in Ghana in GHS is possible only when the selected route supports it. ATM24 verifies whether the recipient's card, account number, and name match the Ghana GHS payout route. The manager confirms the selected bank, such as GCB Bank or Absa Bank Ghana, before payment because card and account rules may differ. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
ATM24 can check whether a GHS transfer to Ghana may go through GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan. The receiving bank must match the recipient details and accept the selected payout route. The manager confirms the bank, account or card format, and final amount before payment.
For Ghana, ATM24 does not use one universal recipient form for every GHS transfer. The details are checked by route: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan, card payout, account payout. Name, account/card data, and payout currency must match the selected option. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
A GHS transfer to Ghana can start from 15 minutes after ATM24 confirms the recipient route. Timing depends on amount, recipient details, and Ghana GHS payout route, GCB Bank, Ecobank Ghana, Absa Bank Ghana, card route, account route, and recipient-name matching against the selected bank record. The expected payout window is shown before payment. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
A GHS transfer to Ghana through ATM24 has a fee starting from 0.9%, but the useful number is the final amount after the route is checked. ATM24 confirms the Ghana GHS payout route, bank such as Absa Bank Ghana, exchange conditions, sender's payment method, and payout amount. Any fee charged by the sender's card issuer or bank should be checked separately. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
Yes, the sender can use an available card, bank transfer, USDT, or another confirmed method while the recipient receives GHS in Ghana. The manager checks GCB Bank, Ecobank Ghana, payout route, exchange conditions, and final amount before payment. Any card conversion or sending-bank fee remains outside the recipient payout. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
ATM24 accepts transfers to Ghana in GHS from 100 USD or the equivalent. The maximum amount is not a single country-wide number; it depends on the Ghana GHS payout route, bank rules, payout channel, sender payment method, and recipient data. For a large transfer, the manager confirms the limit and documents before the sender pays. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
For a large GHS transfer to Ghana, ATM24 reviews documents around Ghana GHS payout route, GCB Bank, Ecobank Ghana, recipient-name match, route limit, payment purpose, source-of-funds review, and recipient-name matching against the selected bank record. The request may require sender ID, source-of-funds details, recipient bank data, and payment purpose. The manager confirms the exact list before payment. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
If you send 1000 USD to Ghana, the recipient amount in GHS is not a generic market-rate number: 11,146.25 GHS. The calculation uses the payout route, bank such as Absa Bank Ghana, fee from 0.9%, and exchange conditions. ATM24 confirms the final amount before the sender pays. Bank-route examples for Ghana: GCB Bank, Ecobank Ghana, Absa Bank Ghana, Retail / savings, and Savings and loan.
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