Foreign Exchange Guide to Ghana
The domestic currency in Ghana is the Ghanaian cedi with currency code GHS. Read this foreign exchange guide to Ghana and the Ghanaian cedi with money transfer and travel tips plus Ghanaian cedi exchange cross rates.
In this guide we review :
- Ghanaian cedi info - general info about the Ghanaian cedi
- Ghanaian cedi in the markets - recent GHS moves and predictions from the FX markets
- Travelling in Ghana - currency & money saving tips
- Buying Ghanaian cedi cash online - travel money for Ghana
- Sending money to Ghana - save on Ghanaian cedi bank transfers to Ghana
- Ghanaian cedi exchange rates - latest & historic exchange rates.
Ghanaian cedi (GHS) general currency information
What is the Ghanaian cedi currency code and symbol?
The three letter currency code for the Ghanaian cedi is GHS and the symbol is ¢.
Which countries use the Ghanaian cedi?
It is the domestic currency in Ghana.
Ghanaian cedi (GHS) in the markets
The interactive chart below shows the GHS to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Travel, Currency and Money saving tips for Ghana
The currency is the Cedis. ATMs are virtually everywhere, with almost all accepting Visa. Exchange bureaus are found in most major towns. Other than that bring only cash or traveler’s checks to exchange into cedis. There are forex bureaus everywhere in Accra, and many of the bigger hotels. It is difficult to find banks and/or businesses in Ghana which accept credit cards other than Visa. Credit card fraud is common. Try to keep your card in sight when making purchases.
If you are planning to drive in Ghana, an international driving licence or international driving permit is accepted for periods up to 12 months. Beyond 12 months, you will need to get a Ghanaian driver's licence. Poorly maintained roads and vehicles, aggressive driving practices, poor street lighting, roaming livestock, pedestrians and cyclists pose safety risks, especially when driving at night and outside urban areas.
Ghana has some pretty restrictive laws to keep in mind. Such as: Taking photographs of or near government buildings or other infrastructure, including oilfields, can lead to detention. Homosexuality is illegal and criminalised as a misdemeanour in Ghana, punishable by imprisonment of up to three years. Same-sex marriages are not recognised by law. There are conservative standards of dress and behaviour in Ghana. Take care not to offend. If in doubt seek local advice.
Ghana Trip Checklist
- Compare GHS travel cash rates - probably why you are here!
- Search Hotel deals - Save on your accomodation in Ghana
- Lonely Planet - world's best travel guide (coupon and deals)
Travel money for Ghana
Save money and time by Ordering your Ghanaian cedi online from Travelex, you get better rates and can pick up the GHS cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Ghanaian cedi otherwise you may get much worst exchange rates.
Travel Money for Ghana
Sending money to Ghana
When searching around for information on how to get a good exchange rate when sending money to Ghana you need to start with finding out the latest Ghanaian cedi foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
Getting a better deal when sending money to Ghana
When sending money to Ghana it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Ghanaian cedi amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted GHS amount will be transfered to the recipient account you specify in Ghana.
Use our Send to GHS calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Ghanaian cedi deposited into the recipient bank account and less margins and fees kept by the banks!