How to send money to Ghana from Italy with the best EUR-GHS rate

Comparing money transfer companies with services between Italy and Ghana, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.

Right now, for EUR/GHS

• Of the 6 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost. Sending 7,000 EUR to GHS will cost you €105.47 in fees, and you will receive 93,236.8 GHS.

• WorldRemit offers the lowest cost transfers of the 6 providers we compared. WorldRemit offers this through a combination of 0 EUR fee per transfer and exchange rate between EUR-GHS that is -0.4% different to the mid-market rate.

• Fastest way to send money to Ghana from Italy is with Revolut. If you send 7,000 EUR with Revolut to Ghana now, the transfer time is within minutes. Smaller transfers will likely be quicker, while larger transfers to Ghana can take slightly longer.

We’ve compared 6 providers providing services between Italy and Ghana. This ensures you will get the best options when sending Ghan Cedi to Ghana.

Over the last 7 days, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to Ghana will provide a specific provider that’s best for transferring money from Italy.

The exchange rate is the price you will pay when buying Ghan Cedi in Italy. A better exchange rate means you send more Ghan Cedis to Ghana.

Currently, the mid-market rate between the Euro and Ghan Cedi is 13.5702. Exchange rates between EUR-GHS change almost constantly.

The cost of sending money from Ghana to Ghana, is made-up of a combination of fees and exchange rates:

• The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from EUR-GHS is 13.5702 GHS per Euro.

• Fees: Outside of exchange rates, you may need to pay a fee to send. WorldRemit currently offers the lowest fees on transfers to Ghana from Italy, costing 0 EUR per transfer. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Ghan Cedi is the amount you started with, minus the amount you paid in the exchange and fees.

Waiting a day or two can help you get more GHS for the same amount of Euros, but you may also end up paying more if you do wait.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between Italy and Ghana for a set amount of time, this can be up to two years in some cases.

Sending through a money transfer company via a debit card will most often be the way to get the best price when sending money from Italy to Ghana.

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

Bank transfers

Bank transfers are often the better option for money transfers from Italy to Ghana.

Sending money via a bank transfer with a company such as Regency FX for transfers from Italy to Ghana allows you to benefit from lower fees and more favorable exchange rates than you would get with a traditional bank. 


Debit and prepaid cards

Sending money from Italy to Ghana with a prepaid or a debit card is very simple with Wise.


Wise is a leader in card payments for transfers from Italy to Ghana, competing among a total of 6 active money transfer companies on this route.

Credit cards

When it comes to international credit card transfers from Italy to Ghana, we recommend comparing your options to get the best deal.

Beware of fees: using a credit card to transfer money often results in a fee being charged by your card issuer. Where possible, we recommend a bank transfer or debit card payment instead.

and have different regulators for financial transactions and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators has regulation details for money transfers between Italy and Ghana.

Money transfer companies offering services between Italy and Ghana have minimum or maximum thresholds on how much you can send or receive. These can be daily, weekly or monthly.

In particular, rates and fees for sending different amounts of Euro could change. We always recommend comparing EUR-GHS rates for your specific transfer amount. Then, with transfers to Ghana, shopping around each time can make a huge difference - as some providers offer introductory rates.

If you’re worried about transfer limits, for sending large amounts of EUR to Ghana, we’d recommend Wise.

There are different options for receiving Ghan Cedi in Ghana. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Italy to Ghana will offer every method for incoming Ghan Cedi, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Italy into Ghana. For most part, this is because it means the recipient has to do very little. Wise is the best company for bank transfers between Italy and Ghana.

And if you need cash right away, check if cash pickup is an option for transfers between Italy 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 WorldRemit.

You will need to verify your ID at the sign up stage when sending from Italy to Ghana through a money transfer company.

Documents needed will vary and in some cases you might need a couple of different forms of ID.

ID can be verified in Italy through a government issued ID such as a passport or driver's license. If the recipient needs ID to collect money in Ghana, both of these will also likely be accepted. Depending on the company you are using and where the money is going in Ghana, it’s always best to check ahead just in case.

Larger transactions between Italy and Ghana are likely to be subject to additional checks such as proof of funds for anti-money laundering purposes. This could slow down the process of sending money if you’re not prepared for them.

One of the reasons Wise scored so highly for large and regular transfers to Ghana, was their easy sign up process in Italy.

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

Some transfers into Ghan Cedi may need to be reported to tax authorities in Ghana. This is of particular note where inheritance or property purchases are involved.

Personal allowances and tax limits will change in Ghana based on age, income and personal circumstance. When in doubt, please contact a tax professional in Italy or Ghana to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.