How to send money to Ghana from Japan with the best JPY-GHS rate

A better exchange rate means more Yen being sent to Ghana. This exchange rate determines the price you will pay when buying Ghan Cedi.

Currently the mid-market rate between Yen and Ghan Cedi is 0.0696.

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 JPY-GHS is 0.0696 GHS per Yen.

• Fees: Outside of exchange rates, you may need to pay a fee to send. Revolut currently offers the lowest fees on transfers to Ghana from Japan, costing 3500 JPY 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.

The better deal you get on exchanging Yens to GHS, paired with a low fee, means a higher total amount received in Ghana.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between Japan and Ghana.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from Japan to Ghana at this moment.

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

Bank transfers

Bank transfers are usually the best and easiest way to send money from Japan to Ghana.

By using a money transfer company such as Revolut for transfers from Japan to Ghana, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from Japan to Ghana with a debit or a prepaid card is available through .


is a one of the cheaper options for debit card payments for transfers from Japan to Ghana. This cost is against a total of 2 money transfer companies offering this option.

Credit cards

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

Be aware 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.

and have different financial regulators and ensuring you fully understand how these work will aid in keeping your money safe.

We’ve put together a directory of worldwide financial regulators which contains details on regulation for money transfers between Japan and Ghana.

Transfer limits to Japan and Ghana will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different JPY-GHS transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to Ghana, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of JPY to Ghana we'd recommend using Wise. They offer a combination of rates and fees when sending from Japan to Ghana that is the most competitive.

There are different ways to receive money in Ghana.

The most popular ways are direct bank deposit into Ghan Cedi, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between Japan and Ghana will offer every method for incoming Ghan Cedi.

Understanding where the money will eventually go after its left Japan and entered Ghana could impact the provider you use.

The most common (and generally easiest) way to send money from Japan to Ghana is directly into a bank account. Wise is the best company for sending money from Japan to a bank account in Ghana.

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

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Ghan Cedis to Ghana, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in Japan ID can be verified through a government issued ID such as a passport or driver's license.

In Ghana, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between Japan and Ghana, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to Ghana from Japan due to the ease of sign up and ID verification.

When sending money between Japan and Ghana there will be tax declarations 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 (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in Ghana.

When in doubt, please contact a tax professional in Japan or Ghana to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.