How to send money to Ghana from Philippines with the best PHP-GHS rate

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

Currently, the mid-market rate between the Philippine Peso and Ghan Cedi is 0.183.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from the Philippines to Ghana.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Ghan Cedi for your Philippine Peso. The current PHP-GHS mid-market rate is 0.183 GHS per Philippine Peso.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Philippine Peso you’re sending to Ghana. Wise currently has the lowest fees for transfers into GHS of just 394.96 PHP. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Ghan Cedi is the biggest indicator of the total cost of sending money to Ghana from the Philippines. The bigger the amount received in Ghana, the lower the overall cost of sending from the Philippines.

A better option is to use a forward contract. This allows you to lock in an agreed exchange rate for transfers between the Philippines 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 bank transfer will most often be the way to get the best price when sending money from the Philippines to Ghana.

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

Bank transfers

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

Sending money via a bank transfer with a company such as Wise for transfers from the Philippines 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 the Philippines to Ghana with a prepaid or a debit card is very simple with Western Union Agent.


Western Union Agent is a leader in card payments for transfers from the Philippines to Ghana, competing among a total of 3 active money transfer companies on this route.

Credit cards

We recommend avoiding credit card deposits as it usually means taking a cash advance and using it for the deposit. Instead, use a bank transfer or a debit card deposit to save on fees.

If you have to, we recommend running a comparison to find the best deal for your transfer.

Money transfer companies offering services between the Philippines 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 Philippine Peso could change. We always recommend comparing PHP-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 PHP 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 the Philippines 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 the Philippines 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 Philippines and Ghana.

And if you need cash right away, check if cash pickup is an option for transfers between the Philippines 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 Wise.

You will need to verify your ID at the sign up stage when sending from the Philippines 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 the Philippines 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 the Philippines 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 the Philippines.

When sending money between the Philippines 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 the Philippines or Ghana to discuss your individual needs. This will ensure you are not missing any specific tax obligations associated with your transfer.