In 2023, Ghana ranked as the second-largest recipient of remittances in Sub-Saharan Africa, receiving approximately US$ 4.6 billion from its diaspora GNBCC. As global corridors evolve, senders demand services that combine low cost, rapid delivery, and transparent rates when they send money to Ghana. This article presents a detailed, high-quality analysis of criteria for selecting the best money transfer to Ghana, profiles leading providers, including Roze Money Transfer and its Roze remit exchange rate. It offers practical guidance for both personal and business remittance.

Remittance Landscape in Ghana

Ghana’s remittances grew from US$ 4.6 billion in 2022 to US$ 4.8 billion in 2023, underlining their critical role in household welfare and national foreign-exchange reserves. These funds often support education, healthcare, and daily living expenses, especially in rural areas with limited banking access. As mobile-wallet adoption expands, diaspora communities increasingly prefer app-based transfers to send money home with minimal friction.

Key Selection Criteria

Choosing the best money transfer to Ghana involves evaluating multiple dimensions:

Transparent Costs and Roze Remit Exchange Rate

Transfer services typically charge a fixed fee and an exchange rate markup. While some promote “zero fees,” hidden costs often appear in inflated exchange rates. Roze Remit stands out by offering competitive, real-time exchange rates and clearly displaying the Roze Remit exchange rate during each transaction.

Delivery Speed

• Instant: Funds arrive in minutes, ideal for emergencies (fees typically 1–3%).

• Standard: Same-day or next-day delivery balances cost and speed (fees around 0.5–1%).

• Economy: Delivery within 1–3 business days, offering the lowest fees (as low as 0.5%).

Payout Methods and Coverage in Africa

Ghana offers various payout methods, including bank deposits, mobile wallets (like MTN Mobile Money and AirtelTigo), and cash pickups through agent networks. Flexibility in delivery options ensures accessibility for all recipients.

Security and Regulatory Compliance

Top providers use encryption, multi-factor authentication, and comply with global regulations such as AML and KYC standards enforced by the FCA, FinCEN, and local authorities.

Top Transfer Services for Ghana

Remitly

Remitly specializes in remitting money to Ghana with Express (minutes) and Economy (1–3 days) options, charging from £0.99 and often waiving fees on key corridors. Their app provides guaranteed delivery windows and 24/7 multilingual support.

World Remit

World Remit facilitates sending money to Ghana via bank transfer, cash pickup, and airtime top-up, with fees typically between £1.99–£3.99 and instant or same-day delivery.

Wise

Wise uses true mid-market rates and clear, percentage-based fees (0.5–2%), delivering to Ghanaian bank accounts in 1–3 business days, with no hidden mark-ups.

Western Union

With over 500,000 global agent locations, Western Union offers cash pickup, bank deposit, and mobile-wallet transfers 24/7, though fees and rates vary by corridor and speed.

MoneyGram

MoneyGram supports instant mobile-wallet delivery and cash pickups at thousands of agents, displaying fees and exchange rates upfront for full transparency.

Send wave

Send wave focuses on mobile-first transfers from the US, UK, and Canada to Ghana, often with zero fees and delivery within minutes to mobile wallets and bank accounts.

Roze Remit ( Money Transfer)

Roze Remit, branded as Money Transfer, enables low-fee, secure transfers with instant delivery to Ghana via bank deposit and mobile wallets Rozeremit. Their platform highlights the roze remit exchange rate clearly, ensuring senders know exactly how much arrives.

Ghana vs Nigeria Remittance Corridors: A Snapshot

In 2023, Nigeria led Africa with US$19.5 billion in remittances, driven by its larger diaspora and increased provider competition bringing fees closer to mid-market averages (~0.5%). While Ghana’s market is smaller, innovations in mobile transfers and agent networks are narrowing the service gap, particularly for cash pickups and mobile payments.

Practical Advice for Senders

1. Compare Total Costs: Use comparison platforms to view combined transfer fees and exchange-rate margins in real time.

2. Test Small Transfers: Validate delivery times and rates with a nominal amount before larger remits.

3. Lock Rates: Where available, lock in favourable rates for a short window to hedge against currency volatility.

4. Leverage Promotions: New-user bonuses and referral schemes can offset fees.

5. Maintain Records: Save transaction receipts and tracking IDs for reference and dispute resolution.

Conclusion

Selecting the best money transfer to Ghana requires balancing transparent fees, delivery speed, payout methods, and robust security. While services like Remitly and World Remit excel in sending money home corridors, Wise leads in rate transparency, and Roze Money Transfer distinguishes itself with competitive Roze remit exchange rate displays. By applying the criteria outlined and leveraging practical tips, senders can remit funds efficiently, affordably, and securely across West African corridors.