Where Can I Get Ghanaian Cedi at Best Rates

Author

Reads 982

Currency in Nigeria
Credit: pexels.com, Currency in Nigeria

If you're looking for the best rates for Ghanaian Cedi, you can try online currency exchange platforms like WorldRemit or TransferWise, which often offer competitive exchange rates compared to traditional banks.

These platforms typically have lower fees and faster transfer times, making them a convenient option for sending money to Ghana.

For example, WorldRemit has a fee of just 1.5% for Ghanaian Cedi transfers, while TransferWise charges a fee of around 0.7% for similar transfers.

You can also check with local banks in Ghana, such as Ecobank or Standard Chartered, to see if they offer any special promotions or exchange rates for international customers.

Explore further: Ghana Cedi News

Exchange Rates

To get the best Ghanaian cedi exchange rate, you should always look for the best possible exchange rate, regardless of the conversion method you're using.

Sending money from one bank account to another is usually the cheapest option, as it often comes with lower fees compared to sending cash or using a bank branch.

For another approach, see: Forex Rate Pakistan State Bank

A man in a yellow jacket and a woman exchange money indoors while wearing masks.
Credit: pexels.com, A man in a yellow jacket and a woman exchange money indoors while wearing masks.

We collect fees and rates from the most popular money transfer providers, so you don't have to compare them yourself.

The hidden markup in the exchange rate can add up quickly, so it's essential to calculate the full price you'll pay with each provider.

Sending cash or using a bank branch usually costs more in extra fees, so try to avoid these options if you want to save money.

Transfer Information

To get the best Ghanaian cedi exchange rate, you need to look beyond the obvious costs. Sending money from one bank account to another is often the most cost-effective option.

We've compared prices for sending money from one bank account to another and found that it's usually the cheapest method. Sending cash or sending a money transfer from a bank branch usually costs more in extra fees.

To get the best possible exchange rate, you should compare prices with different money transfer providers. We've done the research for you and calculated the full price you'll pay when sending USD to GHS with each provider.

African woman in a pink suit counting money seriously at an office desk, showcasing work and finance.
Credit: pexels.com, African woman in a pink suit counting money seriously at an office desk, showcasing work and finance.

Here are some key transfer information to keep in mind:

  • Look for the best possible exchange rate, regardless of the conversion method you're using.
  • Sending money from one bank account to another is often the cheapest option.
  • Compare prices with different money transfer providers to get the best deal.

The current exchange rate for GHS/USD is 0.0655 / 0.0657, with a day's range of 0.0653 - 0.0658.

Cedi Drops to Gh¢16.05

The Ghanaian cedi has experienced marginal losses against major trading currencies, especially the dollar at some forex bureaus. The cedi was selling at GH¢15.95 at forex bureaus as of yesterday, December 19, 2024.

You can find the current exchange rate at forex bureaus by checking the prices listed. For example, as of December 20, 2024, the cedi is trading at a buying price of GH¢14.73 and selling at GH¢14.74.

The Central Bank has noted the decline of the cedi, and it's essential to stay informed about the current exchange rates. You can check the prices listed at major forex bureaus across the country.

Here are some current exchange rates at forex bureaus:

The cedi is trading at GH¢16.05 to the dollar, while the pound is trading at GH¢20.25 at some major forex bureaus. The Euro is trading at GH¢17.00 on the retail market.

Lee Kuhn

Senior Copy Editor

Lee Kuhn has spent over two decades refining his craft as a copy editor, honing a keen eye for detail and a passion for precise language. His expertise extends to a variety of fields, with a particular focus on the intricate world of Finnish banking. Lee's rigorous approach to editing ensures that every piece he touches is not only free of errors but also clear and compelling.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.