Ever wondered how to send money from Ghana to Nigeria without breaking a sweat or the bank?” Well, you’re not alone.
The need to transfer money between these two West African giants is more common than you’d think.
Whether it’s to support family, invest in businesses, or pay for services, knowing how to send money securely, affordably, and quickly is crucial.
In this comprehensive guide, we’ll walk you through everything you need to know about sending money from Ghana to Nigeria and receiving it too!
Understanding Money Transfer from Ghana to Nigeria
Ghana and Nigeria share more than just a border; they share cultural, social, and economic ties that go back centuries.
There are approximately 1.6 million Ghanaians in Nigeria and vice versa, making the flow of money between the two countries inevitable.
Whether you’re a Ghanaian student in Nigeria or a Nigerian business owner in Ghana, knowing the best ways to send money from Ghana to Nigeria is vital.
That said, let’s take a look at things to consider while sending money to Nigeria from Ghana.
Factors to Consider Before Choosing a Money Transfer Service from Nigeria to Ghana
Before diving into how to send money from Ghana to Nigeria, let’s talk about the factors you should consider:
- Speed of Transfer: How urgent is the need?
- Fees and Exchange Rates: How much will it cost you or the recipient?
- Trust and Reliability: How safe is your money?
Remember, the cheapest option might not always be the best, especially if you’re sending large amounts or need the money transferred quickly.
Best Money Transfer Services & Apps to Send Money from Ghana to Nigeria
When it comes to how to send money from Ghana to Nigeria, you’ve got several choices:
- Western Union
- MoneyGram
- TransferWise
- Xendpay
- ATL Money Transfer
- Bitnob
- Yellow Pay By YellowCard
Western Union
This is one of the oldest and most reliable methods for sending money from Ghana to Nigeria. It’s almost like the ‘Coca-Cola’ of money transfer services.
Features
- Global Reach: Western Union’s network is massive. They’ve got agents almost everywhere, making it one of the most accessible ways to send money from Ghana to Nigeria.
- Multiple Transfer Methods: You can send money through their mobile app, website, or even walk into one of their many agent locations.
- Speed: Depending on the method, funds can be transferred almost instantly or take a couple of days.
Pros
- Wide network and accessibility
- Flexible payment and receiving options
- Strong reputation
Cons
- Higher fees compared to other services
- Exchange rates can be less favorable
How to Use it to Send Money from Ghana to Nigeria
- Find a Western Union agent or go online.
- Fill out the ‘Send Money’ form.
- Make the payment and get the transaction number.
- Inform the recipient to pick up the money from a Western Union agent in Nigeria.
MoneyGram
Not far behind Western Union in terms of popularity, MoneyGram offers similar services but often has promotions that can save you a few cedis or nairas.
Features
- Online and Offline: You’re not just limited to a website or an app; MoneyGram offers in-person services too.
- Fast Service: MoneyGram ensures your loved ones in Nigeria can receive the funds in as little as 10 minutes.
- Transparent Fees: The fee structure is clear, so you know what you’re getting into when sending money from Ghana to Nigeria.
Pros
- Quick transfer times
- Clear fee structure
- User-friendly interface
Cons
- Not as many locations as Western Union
- Fees can add up for larger amounts
How to Use it to Send Money to Nigeria from Ghana
- Visit a MoneyGram agent or use their online portal.
- Provide recipient details.
- Make the payment.
- Share the reference number with the recipient.
Wise
This is a game-changer in the world of international money transfer.
If you’re looking for how to send money from Ghana to Nigeria or any other country to Nigeria, this fintech solution is worth considering.
Features
- Real Exchange Rate: Wise uses the real, mid-market exchange rate for conversions, ensuring you get more value for your money.
- Transparent Fees: The fees are shown upfront, and there are no hidden charges when you’re sending money from Ghana to Nigeria.
- Multi-Currency Account: You can hold multiple currencies, making it versatile for international dealings.
Pros
- Low and transparent fees
- Uses the real exchange rate
- Highly reliable and efficient
Cons
- Not ideal for sending cash
- May take longer for the funds to reach the recipient’s bank account
How to Use it to Send Money from Ghana to Nigeria
- Create an account on their website or app.
- Set up your transfer and enter the recipient’s bank details.
- Make the payment.
- Track the transfer until the recipient confirms receipt.
Xendpay
Lesser-known but equally effective, Xendpay is an excellent choice if you’re interested in low fees but don’t mind a longer transfer time.
Features
- Fee-Free Threshold: Send a certain amount without any fees. Great for larger transfers.
- Online-Only: Everything is done online, from setting up an account to executing the transfer.
- Currency Converter: The built-in currency converter ensures you know exactly how much your recipient will get.
Pros
- Highly cost-effective for larger amounts
- Seamless online experience
- Transparent currency conversion
Cons
- Limited customer service options
- No cash pick-up service
How to Use it to Send Money from Ghana to Nigeria
- Sign up for a Xendpay account.
- Fill out the recipient’s details.
- Fund the transfer.
- Confirm and wait for the recipient to acknowledge receipt.
If you’re looking for alternatives, below are some of the best apps to send money to Nigeria from Ghana.
Here are the best apps to send money from Ghana to Nigeria:
ATL Money Transfer
Looking for a straightforward, no-hassle way to send money from Ghana to Nigeria? ATL Money Transfer promises exactly that, with next-day availability for transferred funds.
Features
- Next-Day Transfer: Money is available in the recipient’s bank account the following business day. Talk about efficiency!
- Simple Online Process: Skip the queues and paperwork; ATL Money Transfer allows you to complete the entire process online.
Pros
- Quick and straightforward process
- Entirely online, making it highly convenient
- Excellent for a variety of purposes, from family support to mortgage payments
Cons
- Not instant; you’ll have to wait until the next business day
- No word on the fee structure, so be cautious
How to Send Money from Ghana to Nigeria bank account using ATL
- Register on the app.
- Add your details.
- Add the recipient’s bank details.
- Confirm the amount and hit ‘send.’
Bitnob
When it comes to simplicity, speed, and minimal fees, Bitnob is changing the game.
Gone are the days where you had to spend close to 10% of your hard-earned cash just to send money from Ghana to Nigeria.
Features
- Lower Transfer Fees: Bitnob boasts a transfer rate of just 1%. Yes, you read that right. Sending money from Ghana to Nigeria has never been this affordable.
- Fast Transactions: With Bitnob, you’re not waiting for days or even hours. Transactions are done and dusted in minutes. Time is money, after all!
- No Hidden Charges: Forget the nasty surprise of hidden fees that reduce the amount your recipient gets. What you send is what they receive.
Pros
- Super-fast transactions
- Cost-effective, with no hidden fees
- Reliable service
Cons
- May not be as well-known as other options
- Crypto-based, which might be a turn-off for some traditional users
How to Use it to Send Money to Nigeria from Ghana
- Register on the app.
- Add your details.
- Add the recipient’s bank details.
- Confirm the amount and hit ‘send.’
Yellow Pay By Yellow Card
Enter Yellow Pay, the revolutionary service by Yellow Card.
The platform leverages the power of cryptocurrency to offer seamless transactions and excellent exchange rates when you’re sending money from Ghana to Nigeria.
Features
- Request Money: Beyond just sending funds, Yellow Pay allows you to request money from friends and family. Simply hit that “request” button, and you’re good to go.
- Pan-African Relations: Yellow Pay aims not just to facilitate money transfer but also to strengthen ties among African countries.
Pros
- Innovative use of cryptocurrency
- User-friendly interface
- Aims to promote pan-African relationships
Cons
- Limited to countries where Yellow Card operates
- Relatively new and might have some teething problems
How to Use it to Send Money to Nigeria from Ghana
- Register on the app.
- Add your details.
- Add the recipient’s bank details.
- Confirm the amount and hit ‘send.’
So there you have it! We’ve broken down the features, pros, and cons of Western Union, MoneyGram, Bitnob, Yellow Pay by Yellow Card, and ATL Money Transfer, giving you all you need to pick the best option for sending money from Ghana to Nigeria.
Whether you prioritize speed, fees, or ease of use, there’s something here for everyone.
Check Out: How to Send Money from the UK to Nigeria
Security Measures When Sending Money to Nigeria from Ghana
Security is a top concern when it comes to transferring money. All these services have robust security measures in place, but always be cautious.
Make sure you’re using verified platforms and double-check the recipient’s details before hitting that ‘Send’ button.
Case Study: Real-world Scenarios
Let’s hear from Ama, a Ghanaian student in Nigeria. “Using TransferWise has saved me so much in fees. It’s my go-to for sending money from Ghana to Nigeria or receiving money from home.”
Problems and Solutions When Making Transfers
- Delayed transfers: Confirm with customer service.
- Hidden fees: Always read the terms and conditions.
Sending Money from Ghana to Nigeria – FAQs
Can I send money for cash pickup in Nigeria?
Yes, you can send money for cash pickup in Nigeria through services like Western Union and MoneyGram.
What’s the cheapest way to send money from Ghana to Nigeria?
TransferWise is usually the cheapest for sending money from Ghana to Nigeria, thanks to low fees and real exchange rates.
How long does it take to send money from Ghana to Nigeria?
Time varies by service; MoneyGram takes 10 minutes, while bank transfers could take up to 2-3 days.
Can I receive money from Ghana to my Nigeria account?
Absolutely, you can receive money from Ghana directly into your Nigerian bank account using various transfer methods.
Which bank in Nigeria can receive money from Ghana?
Most Nigerian banks like GTBank, Access Bank, and Zenith Bank can receive international transfers from Ghana.
Which app is good to send money from Ghana to Nigeria?
Wise (formerly TransferWise) and Bitnob are reliable apps for sending money from Ghana to Nigeria.
Can a Ghanaian send money to a Nigerian bank account?
Yes, a Ghanaian can send money directly to a Nigerian bank account using online transfer services.
How long does wire transfer take from Ghana to Nigeria?
Wire transfers can take anywhere from a few hours to 3-5 business days, depending on the bank.
How to send money from ghana to nigeria through UBA?
For UBA transfers, use their Africash service to send money from Ghana to Nigeria; it’s straightforward and quick.
How to send money from ghana to nigeria through Access Bank?
Through Access Bank, use the “AccessAfrica” money transfer service to send funds from Ghana to Nigeria efficiently.
Conclusion
Sending money from Ghana to Nigeria doesn’t have to be complicated or expensive.
With the options and insights provided in this guide, you can make informed choices that suit your needs.
