How to send money to Nigeria from Ghana with the best GHS-NGN rate

The exchange rate determines the price you’ll pay for Naira when you send Ghan Cedi to Nigeria.

The current exchange rate between the Ghan Cedi and Naira is 131.7383. Western Union Agent offers the best exchange.

The GHS-NGN exchange rate is always moving.

It’s possible that waiting a day or two can help you get more NGN for the same amount of Ghan Cedi. But, the best way to lock in a price between Ghana and Nigeria is by using a forward contract.

A bank transfer is the our recommended option for money transfers between Ghana and Nigeria. Western Union Agent offers the best price on a bank transfer.

A bank transfer to Nigeria through Western Union Agent is 0% cheaper than the second-best option in the market.

Always choose providers that are regulated by financial authorities in both Ghana and Nigeria to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Ghana and Nigeria.

Some services have minimum or maximum thresholds on how much you can transfer from Ghana to Nigeria.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Western Union Agent if you need to send large amounts of GHS to Nigeria. The combination of rates and fees when sending to Nigeria 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 Ghana, or entering Nigeria. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Nigeria. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Ghana to Nigeria will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Ghana into Naira. Western Union Agent is the best company for bank transfers between Ghana and Nigeria.

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

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 Western Union Agent.

When signing up to a money transfer company to send between Ghana and Nigeria, you will need to verify your ID.

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

For the most part, in Ghana this will be a government ID like a passport or driver's license. In Nigeria it will be a similar set of documents, although this should only be needed if you are opening a new account in Nigeria, or collecting in cash.

Big transactions between Ghana and Nigeria, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Western Union Agent in part due to their easy sign up process in Ghana.

When sending large amounts of money between Ghana and Nigeria there will be tax implications to consider.

Some transfers into Naira may need to be reported to tax authorities in Nigeria, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Nigeria based on age, income and a few other elements. When in doubt, please contact a tax professional in Ghana or Nigeria to discuss your personal circumstances.