This is a foreign exchange guide to Ghana, the Ghanaian Cedi currency plus sending GHS transfers and travel tips.
In this Ghana currency guide we take a look at :
- 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 ¢.
Is the Ghanaian Cedi a closed currency?
Yes the Ghanaian Cedi is a closed currency. Which means that you may find it difficult to purchase the currency (GHS) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.
For more information and a full list of closed currencies please refer to our guide: What is a closed currency?
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 HKD to GHS exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for Ghana
Hailed as West Africa's golden child, Ghana deserves its place in the sun. One of Africa's great success stories, the country is reaping the benefits of a stable democracy in the form of fast-paced development. And it shows: Ghana is suffused with the most incredible energy. Travel north and you'll feel like you've arrived in a different country, with a different religion, geography and cultural practices. The beauty is that this diversity exists so harmoniously, a joy to experience and a wonder to behold in uncertain times.
What currency to use in 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. Sad to say, credit card fraud abounds in Ghana. It happens all too frequently. Not even in the big hotels should you consider using your credit card. Try to keep your card in sight when making purchases if you must use your credit card.
How to travel in Ghana?
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.
Buses are preferable to tro-tros (minibuses) for long journeys as they tend to be more comfortable and reliable. There are bus services to all of Ghana's main towns and cities. Intercity STC is Ghana's main long-haul bus company. After near collapse, during which rival company VIP took much of its business, it's back on its feet again, with new routes and a fleet of swish new buses.
While there is no passenger ferry network in Ghana, the Akosombo–Yeji cargo ferry accepts a limited number of passengers on its once-weekly service and is an adventurous way of reaching Tamale (you can pick up transport to Tamale from Yeji). The journey takes a minimum of 35 hours, depending on the punctuality of departure, the number of loading stops and the condition of the engine.
Travel tips for Ghana.
Don’t drink water from the tap ever. You can purchase bottled water from most any shop, or pure water sachets from hawkers on the street. A bottle of water is about .50 cents a liter and a sachet is about .3 cents a bag. Don’t buy water called “ice water” which is just chilled tap water in a tied plastic bag.
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.
The only immunization you are required by Ghana to have is for Yellow Fever. All the others are optional, and at your discretion, so talk to your doctor or travel medicine clinician about it. The necessity or otherwise of the optional immunizations may depend on how long you intend to stay, and whether or not you plan to stray from the cities off the beaten path.
Travel money for Ghana
As mentioned above, the Ghanaian Cedi is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (GHS) before departure and will need to buy it upon arrival in Ghana.
For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the GHS you will incur currency conversion or foreign transaction fees if you use a travel money card in Ghana.
However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.
Ghana Trip Checklist
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).
Get a better deal for foreign transfers 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!