How to send money to Ghana from India with the best INR-GHS rate

The exchange rate determines the price you’ll pay for Ghan Cedi when sending Indian Rupee to Ghana.

The rate between the Indian Rupee and Ghan Cedi is currently 0.1187.

The total cost of money transfers from India to Ghana is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.

• The Mid-Market and Exchange Rates: The mid-market rate for INR-GHS is currently 0.1187 GHS per Indian Rupee. Providers offering services closer to this rate will ensure more Ghan Cedi for your Indian Rupees.

• Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Ria Money Transfer, charging 4 INR per transfer. In all cases, we recommend searching for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount eventually received in Ghan Cedi. Simply, the higher the amount received in India, the lower the cost of sending from Ghana.

Sometimes, waiting a day or two can help you get more GHS for the same amount of Indian Rupee. Using a forward contract that also allows you to lock in an agreed exchange rate between India and Ghana.

Sending money via a bank transfer is the recommended option for sending money from India to Ghana.

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

Bank transfers

Paying via a bank transfer is often the better option for sending money from India to Ghana.

By using a money transfer company such as Ria Money Transfer for transfers from India to Ghana, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from India to Ghana with a debit or a prepaid card is easy with Western Union Agent.


Western Union Agent is a one of the better options in the market for international debit card transfers from India to Ghana.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone (especially with high cash advance fees).

We recommend using a bank transfer or a debit card transfer if you can; otherwise, make a quick comparison to find the latest deal.

Some services between India and Ghana have minimum or maximum thresholds on how much you can transfer. This is applies when receiving money in Ghana as well.

Companies will offer different rates and fees for different transfer amounts. For regular transfers to Ghana, use Wise. The combination of rates and fees when sending from India to Ghana is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving India, or entering Ghana. Mis-understanding these could result in a slower, or even failed, transfer.

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

Not all providers serving transfers from India to Ghana will offer every method for incoming Ghan Cedi, so it’s best to check ahead of time.

One of the more common ways to transfer from India into Ghan Cedi is directly into a bank account. Wise is the best company for bank transfers between India and Ghana.

And if you need cash right away, check if cash pickup is an option for transfers between India and Ghana.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like Ria Money Transfer.

When signing up to and sending Indian Rupee to Ghana, through a money transfer company, you will have to verify your ID.

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

For the most part however, in India this will be a government issued ID such as a passport or driver's license. In Ghana it will be similar, although this should only be needed if you are opening a new account in Ghana, or collecting in cash. Sending to an existing bank account in Ghana shouldn’t require any additional ID checks.

Large transactions between India and Ghana, are subject to additional checks. A provider may ask you for proof of address or may want to carry out a proof of funds check.

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

When sending large amounts of money between India and Ghana there will potentially be a tax declaration to consider.

Some transfers into Ghan Cedi may need to be reported to tax authorities in Ghana, 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. When in doubt, please contact a tax professional in India or Ghana to discuss your personal circumstances.