Top 10 Money transfer Apps for sending Ghana Cedis and their Rates

In the past, obtaining the most favorable rates for exchanging your local currency into Ghana Cedis often meant relying on prominent money transfer websites and companies. Services like MoneyGram, Western Union, or Ria Money Transfer dominated the market, facilitating fund transfers to recipients in Ghana with the right codes and identification. However, the process was complex, and competition among these companies for Cedi exchange rates was lacking, resulting in hefty fees for sending money, particularly for smaller amounts.

The Rise of Local Currency Conversion Companies in Ghana

The prevalence of high fees and the inability to easily transfer money to relatives or friends distant from MoneyGram or Western Union vendors led many individuals to explore alternative methods for managing Cedi currency transfers. Initially, this involved informal networks of family and friends exchanging money, relying on individuals in Ghana seeking pounds or dollars. Over time, these informal networks evolved into reliable money transfer channels.

Fast-forward to the Present

Today, thanks to increased accessibility and advancements in technology, money transfer services and Cedi conversions in Ghana have become widespread. Numerous platforms and apps now offer fast and fee-free money transfers for Ghana Cedis, many of which are homegrown Ghanaian companies enabling direct transfers to mobile wallets for recipients.