.svg)
How to send money to Ghana from Canada
The best way to send CAD to GHS | XE |
The total number of Canada to Ghan Cedi providers | 5 |
The average cheapest way to send money from Canada to Ghana | Regency FX |
Best option for debit card transfers | |
Best option for bank transfers | XE |
You can always compare rates and fees based on your transfer amount and payment options when sending money.
The best way to send money from Canada to Ghana
We recommend using Wise for money transfers to Ghana from Canada.
We analyzed 5 providers that allow CAD to GHS transfers. Wise emerged as the best option in 80% of searches.
What’s the cheapest way to send money from Canada to Ghana?
Based on results from the last 3 months, of the 5 providers we list, the cheapest way to send money from the Canada to Ghana was Regency FX, and the average cheapest payment method was Bank Transfer.
Regency FX has averaged 0.9% cheaper than the next nearest provider for money transfers to Ghana from Canada.
Just to make you aware, Bank Transfer was the overall cheapest payment method.
The cheapest way to send money isn't always the fastest
Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.
How the cost of sending money to Ghana from Canada is calculated
The cost of sending money from Canada to Canada depends on several things, including:
The mid-market rate
The current mid-market rate between CAD and GHS is 9.782474. The rate the time you transfer will impact your overall cost. As an example, Regency FX has averaged -0.47% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.
The markup and fee
Providers will often charge a markup on the rate, fees, or both, for transfers between Canada and Ghana. This is why Instarem is listed as our cheapest option - they offer the best combination of Canadian Dollar to Ghan Cedi (0.4) and fees (0).
Bank transfers from Canada to Ghana
Bank transfers are the most common way of sending CAD to Ghana as they are secure, reliable, and convenient.
If you want to send Canadian Dollars to Ghana through a bank transfer, XE has been the top rated provider in our comparison system for the last 3 months, being recommended 95.2% of the time.
That’s because companies like XE bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, XE's transaction fees for Canadian Dollars into Ghana have averaged significantly lower than banks for the last 3 months.
Finding the best exchange rate for CAD to GHS
The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Ghan Cedis you can get for your Canadian Dollars. The average Canadian Dollar to Ghan Cedi mid-market rate over the last month was 9.846, with a low of 9.846 and a high of 9.846.
For comparison, the best exchange rate for CAD to GHS right now is through XE, at a difference of 0.9%.
How we find the best transfer deals from Canada to Ghana
We’ve compared the cost, speed, and product offering of the top money transfer services (including XE) available between Ghana and Canada.
We also produce unbiased, detailed reviews of all the top money transfer companies for sending Canadian Dollar to Ghana, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.
Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.
