How to send money to Ghana from Turkey with the best TRY-GHS rate

Comparing providers offering services between Turkey and Ghana, based on your specific needs is the best way to send money with confidence.

Based on the availability of companies for TRY/GHS

• Wise is our top pick for sending Turkish Lira to Ghana. A transfer of 10,500 Turkish Liras to GHS will cost you ₺317.27 in fees, and you will receive 2,459.75 GHS. The transfer time is within 3 hours, but might be a bit longer depending on the day you make the transfer.

• Of the 2 providers compared, Wise is the cheapest option for sending money right now. We found that Wise is 6.93% cheaper than the second-best option.

• Fastest way to send money to Ghana from Turkey is via Wise. The transfer time is within 3 hours with Wise for a ₺10,500 transfer, but it will depend on the time, day of the week, and the amount you send.

Our comparison includes 2 companies that provide the ability to send Turkish Lira to Ghana.

This ensures you get the best options for transfers to Ghana from Turkey, based on the amount you want to send.

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

The rate between the Turkish Lira and Ghan Cedi is currently 0.2409. Wise offers the best exchange from TRY-GHS.

The total cost of sending money to Ghana from Turkey is a mix of the mid-market, exchange rates and transfer fees.

• The Mid-Market and Exchange Rates: The mid-market for TRY-GHS is 0.2409 GHS per Turkish Lira.

• Fees: When sending money there may be additional fees. Wise offers the lowest fee of the 2 providers tested, costing justs 317.27 TRY per transfer.

• Amount Received: When comparing providers, the best measure is the amount of Ghan Cedi eventually received in Ghana.

This number should allow you to determine if you are getting a good deal. A higher amount of money received in Ghana, means a better overall cost of sending money from Turkey.

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

Here are the popular ways to send money from Turkey to Ghana:

Bank transfers

Bank transfers are often the best payment method for money transfers from Turkey to Ghana.

A money transfer company like Wise offer bank transfers between Turkey and Ghana with lower fees and better exchange rates than you would get from a traditional bank. 


Debit and prepaid cards

Sending money from Turkey to Ghana with a debit or a prepaid card is very simple with MoneyGram Agent.


MoneyGram Agent is a leader in debit card payments for transfers from Turkey to Ghana, competing among a total of 2 active money transfer companies on this route.

Credit cards

Not many money transfer companies offer direct credit card deposits, because it is more expensive for everyone.

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

Ensuring you fully understand regulations in Turkey and Ghana will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for sending money between Turkey and Ghana.

Some services between Turkey 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 Turkey 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 Turkey, 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 Turkey 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 Turkey into Ghan Cedi is directly into a bank account. Wise is the best company for bank transfers between Turkey and Ghana.

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

When signing up to and sending Turkish Lira 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 Turkey 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 Turkey 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 Turkey.

When sending large amounts of money between Turkey 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 Turkey or Ghana to discuss your personal circumstances.