How to send money to Ghana from Canada with the best CAD-GHS rate

A comparison of providers offering services between Canada and Ghana is the easiest way to ensure the best deal.

Here are your top options for sending money from Canada to Ghana

• Wise is our recommended company for CAD to GHS transfers. For example, sending 10,000 CAD to GHS will cost you $132.73 in fees, and you will receive 78,932.63 GHS. The delivery time usually is within a week, but it depends on the day you make the transfer.

• Africhange offers a combination of the lowest fees and best exchange rates - making it the cheapest transfer service for sending Canadian Dollar to Ghana. It is 2.62% cheaper than the second-best option. The is cost is made up of CAD-GHS exchange rate that is -2.43% different to the mid-market rate and the a of 0 CAD.

• Fastest way to transfer money to Ghana from Canada is with Africhange. For sending $10,000 with Africhange to Ghana now, the transfer time is minutes.

We've compared 9 providers that offer services for sending Canadian Dollar to Ghana.

This ensures you will get the best options for your transfer to Ghana from Canada.

An exchange rate determines the price you will pay when buying Ghan Cedi. A better exchange rate means more money reaching the recipient in Ghana.

The current rate between the Canadian Dollar and Ghan Cedi is 8.0029. With the CAD-GHS exchange rate changing almost constantly, it pays to know the averages to get a better deal.

The total cost of sending money to Ghana from Canada, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: Currently, the mid-market for CAD-GHS is 8.0029 GHS per Canadian Dollar.

• Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Africhange, cahrges 0 CAD per transfer, which is currently the cheapest option. Although you should search for your send amount for actual fees.

• Amount Received: Money transfer companies will show you the amount of Ghan Cedi eventually received in Ghana.

A better option is to use a forward contract can also allows you to lock in an agreed exchange rate between Canada and Ghana.

Paying via bank transfer is the payment method that will get you the best price with a money transfer company. When sending money from Canada to Ghana.

Here are all the ways to send money from Canada to Ghana:

Bank transfers

A bank transfer is often the default option for money transfers from Canada to Ghana.

By using a money transfer company such as Africhange to send money from Canada to Ghana, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


Debit and prepaid cards

Sending money from Canada to Ghana with a prepaid or debit card is very easy with Xe.


Xe is a great choice for sending money with a debit card from Canada to Ghana. This is from the 9 money transfer companies compared.

Credit cards

When it comes to credit card money transfers from Canada to Ghana there aren't that many options, mainly because it's more expensive.

If you have to, we recommend running a quick comparison to get the best deal on GHS

Companies offering money transfers between Canada and Ghana have minimum or maximum thresholds on how much money you can send.

Rates and fees for different transfer amounts could change if you pass a threshold - that’s why it’s best to compare CAD-GHS rates for your specific transfer amount.

For regular transfers from Canada to Ghana, shopping around each time can make a huge difference.

We’ve recommended Wise for sending CAD to Ghana, because of their combination of rates and fees when sending from Canada to Ghana that is the most competitive, even at larger amounts.

Check with the recipient and understand any declarations needed on large amounts of money entering Ghana from Canada.

There are different ways to receive Ghan Cedi in Ghana. The most popular options are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account.

All providers work differently and not all offering transfers from Canada to Ghana support every method for receiving Ghan Cedi so it’s best to check ahead of time.

Sending directly to a bank account in Ghana is one of the most common ways to receive money from Canada. For most part, this is convenient but does have receiving fees to potentially be aware of.

Wise is the best company for bank transfers between Canada and Ghana.

Cash pickup is popular in Ghana, but not always supported and can be costly compared to cheaper options.

Mobile wallet or P2P services and payment apps like PayPal, Zelle, and CashApp are popular because of convenience. They come with more limitations and higher costs compared to money transfer providers like Africhange, and are recommended for domestic payments only.

When sending Ghan Cedi to Ghana, you will need to verify your ID with your chosen money transfer company.

The documents you need will vary and in some cases you might need more than one.

For the most part, accepted IDs in Canada include government issued IDs such as passports or driver's licenses. If the recipient needs an ID to collect money in Ghana, the options are similar.

Large transactions between Canada and Ghana can be subject to additional checks such as proof of funds for anti-money laundering purposes. These won’t be needing when signing up, but will be need ahead of any transfer.

One of the reasons Wise has scored so highly for transfers to Ghana is their easy sign up process in Canada.

When sending money between Canada and Ghana there will be tax declarations to consider.

Some transfers into Ghan Cedi may need to be reported to tax authorities in Ghana and Canada, depending on size and particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Ghana based on age, income and a few other elements - such as whether the funds are a gift. Tax law can be confusing, when in doubt, please contact a tax professional in Canada or Ghana to discuss your personal circumstances to ensure you are not missing any specific tax declarations associated with your international money transfer.