Best Way to Send Money From Canada to Ghana (2026)
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Saved in Fees & FX
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Hours Average Transfer Time
Best Way to Send Money From Canada to Ghana
May 5, 2026Affiliate links featured on this page may help us earn a commission. It's important to note that this does not influence the opinions and recommendations provided by our editors.
Canadians moved an estimated $25 billion in personal remittances out of the country last year, according to World Bank data, making Canada one of the largest sources of cross border money flows in the G7. The biggest corridors out of Canada are to the Philippines, India, China, Pakistan, Lebanon, and the UK, but Canadian senders move money to nearly every country in the world. Whether you are supporting family in Ghana, paying tuition or rent for a student in Ghana, settling a supplier invoice, or moving CAD into GHS as an expat, the cost of that transfer matters.
Canadian senders are a mixed group. Many are first or second generation immigrants from large diaspora communities, including more than 800,000 Filipino Canadians and 1.4 million Indian Canadians, sending CAD home each month. Students from Ghana studying in Canada often send savings home in GHS. Freelancers and remote workers in Canada are paid in CAD or USD and need to convert it into GHS cleanly. Canadian small businesses use the same routes to pay overseas staff, settle international invoices, or import inventory from Ghana.
What ties all of these use cases together is the cost of sending CAD across the border. The Canadian banking system was not built for cross border retail transfers. When you send CAD to Ghana through RBC, TD, BMO, Scotiabank, CIBC, or National Bank, you typically pay $13 to $80 in outgoing wire fees plus a 2% to 4% silent markup on the CAD to GHS exchange rate. The wire fee shows up on your statement; the FX margin does not. Specialist providers like Wise, Remitly, and Xe were built specifically for the Canada to Ghana corridor and similar routes, and they have closed almost all of that gap.
This guide covers how to send money from Canada to Ghana the right way: how the main methods compare, which providers offer the best CAD to GHS rate, what Canadian banks actually charge, and how to choose the right option for your specific transfer. Whether you send a few hundred CAD a month or one large sum at year end, the goal is the same: get as much GHS into the recipient's account as possible, as fast as possible.
Quick overview: Sending money from Canada to Ghana
Before going section by section, here is a snapshot of what sending money from Canada to Ghana looks like in 2026: the typical CAD to GHS rate, expected delivery times, and what each major provider does best on this corridor.
Feature
About the Author
Mohammad Humaid
Verified Author
Mo is the founder of MoneyTransferStore. As an expat who has experienced the challenges of sending money across borders himself, he set out to help others like him avoid hidden fees and unfair exchange rates on international transfers. With a background spanning fintech, payments, and Web3, Mo brings years of practical experience to building a platform focused on transparency and trust.
Bank deposit, mobile wallet, cash pickup (varies by destination)
Canadian regulator
FINTRAC (registered MSB)
How can you send money from Canada to Ghana?
There are five main ways to move CAD from a Canadian account to a recipient in Ghana, and the right choice depends on amount, urgency, and how the recipient prefers to receive funds. Cost varies a lot between methods, so this is not a case where they are all roughly equivalent.
Canadian bank wire (RBC, TD, BMO, Scotiabank, CIBC, National Bank): widely available but typically the most expensive route to Ghana, with fixed CAD fees and a 2% to 4% FX markup.
Specialist providers (Wise, Remitly, Xe): purpose built for international transfers from Canada to Ghana and similar destinations, with transparent fees and near mid market CAD to GHS rates.
Cash pickup networks (Western Union, Remitly): useful when the recipient in Ghana does not have a bank account or needs GHS in person.
Mobile wallet payouts: increasingly common in markets like Ghana where mobile money has reached mass adoption, particularly across Africa, Latin America, and parts of Asia.
EFT or Interac e-Transfer funded fintech apps (Wise, Remitly): the lowest cost route to Ghana in most cases, debited directly from your Canadian chequing account.
For most Canadian senders moving money to Ghana, an Interac e-Transfer or EFT funded specialist provider is the sweet spot: low fees, near mid market CAD to GHS rates, and no need to walk into a branch. Interac e-Transfer in particular settles within minutes, which means your CAD reaches the provider the same day and GHS can be on its way to Ghana faster than any bank wire would manage.
Best way to send money from Canada to Ghana
For the vast majority of Canadian senders moving CAD to Ghana, specialist providers beat the Big Five banks on every metric that matters: exchange rate, fee, and delivery speed. The five providers below cover almost every realistic transfer scenario, from monthly remittances to Ghana to six figure one off sends, and from bank deposits to cash pickup.
Each provider has a different strength on the Canada to Ghana route. Wise wins on rate transparency. Remitly leads on speed into Ghana and remittance specific features. Xe is strongest on larger amounts and unusual currency pairs. CurrencyFair fits big one off transfers to Ghana where the FX rate matters most. Western Union is the fallback when only physical cash in Ghana will work for the recipient.
Wise was founded in 2011 by Estonian entrepreneurs Kristo Kaarmann and Taavet Hinrikus to fix exactly the problem this guide is about: opaque bank FX margins on cross border transfers. The company went public on the London Stock Exchange in 2021 under the ticker WISE, and now serves more than 16 million customers globally and processes over $100 billion in transfers annually. It is the benchmark for rate transparency on the Canada to Ghana corridor.
Pricing on transfers from Canada to Ghana is the simplest in the industry. Wise uses the mid market rate (the same CAD to GHS rate you see on Google or XE.com) and charges a small fee on top, typically 0.5% to 1.5% depending on funding method and route. Interac e-Transfer is cheapest and lands with Wise in minutes. EFT (pre authorised debit) takes 1 to 3 business days but works at the same low fee. Debit card is faster but slightly more expensive. Most Wise transfers settle into Ghana in 1 to 2 business days, and a meaningful share clear within hours on major routes.
Wise is registered as a Money Services Business (MSB) with FINTRAC, the Canadian financial intelligence agency, and has been operating in Canada since 2017. Customer CAD funds are held in segregated accounts at established banks, separate from Wise's own operating capital, which limits risk if the company itself ever ran into trouble. Canadian users can also open a Wise multi currency account that holds CAD, USD, GHS, and dozens of other currencies in one place, which is particularly useful for expats and freelancers who receive payments in multiple currencies. If your priority is getting the best CAD to GHS rate with full cost visibility on transfers to Ghana, Wise is the default first option to compare.
Wise gives Canadian senders the real exchange rate with a small transparent fee, so every transfer to Ghana arrives with no hidden markup.
Mid market rate: no markup buried in the CAD to GHS quote.
Transparent fee: shown upfront in CAD before you confirm.
Fast delivery: usually 1 to 2 business days into Ghana, sometimes within hours.
FINTRAC registered: authorised MSB in Canada, with the equivalents in every market it operates in.
Multi currency account: hold CAD and GHS side by side, useful for Canadian expats and freelancers.
Xe started in 1993 as a currency data tool and is still best known for the XE.com exchange rate site that millions of people check every day. It is now part of Euronet Worldwide, a US listed company that owns several major payments brands, and operates as a full money transfer service in addition to its data business. Xe supports more than 130 currencies and serves senders in more than 130 countries, with a strong presence on the Canada to Ghana corridor and the smaller, less common currency pairs that other providers struggle to cover.
Xe's fee structure is built around larger transfers. There is no fixed transfer fee on most Canadian routes; the cost is folded into a small spread on the CAD to GHS rate, typically 0.5% to 1% above mid market. Because the cost scales as a percentage rather than a fixed sum, Xe stays proportional even at $10,000, $50,000, or higher into Ghana. That makes it well suited to property purchases in Ghana, large family transfers, business payments to overseas suppliers, and any one off transfer above around $5,000 CAD where rate quality matters most.
Xe is registered as an MSB with FINTRAC in Canada and holds the equivalent licences in the markets where it operates, including the local authorisation for paying out in Ghana. The platform is clean, the app is well rated, and customer support is available by email and phone, which is a meaningful advantage when you are sending a large amount to Ghana and want a real person to walk you through the verification or compliance step.
Xe is the right pick for Canadian senders when you need an unusual currency pair or you are moving a larger CAD amount into GHS.
130 plus currencies, so even niche destinations inside Ghana are covered.
No fixed transfer fee on most Canadian routes; cost is in the CAD to GHS spread.
Strong on transfers above $5,000 CAD, where percentage based pricing keeps total cost low.
Settles in 1 to 3 business days into Ghana, often same day on major corridors.
Remitly is the largest North American specialist focused specifically on remittances, including the Canada to Ghana corridor. Founded in 2011 in Seattle and listed on Nasdaq under RELY since 2021, Remitly serves more than 7 million customers and processes north of $50 billion in annual transfer volume. Canada is one of its core markets, with particularly strong volumes on routes to the Philippines, India, Pakistan, and Lebanon. The product is built for the realities of remittance senders rather than business banking: predictable fees, broad payout coverage in Ghana including cash pickup, and a focus on delivery speed.
Most Canada to Ghana routes offer two transfer tiers. Economy is slower (2 to 5 business days) and cheaper. Express is faster, often within minutes, and carries a slightly higher fee. On many corridors, Express transfers reach the recipient before the Canadian sender has logged out of the app. New customers in Canada usually qualify for a promotional CAD to GHS rate on their first transfer, which can make Remitly cheaper than even Wise on a single send. Funding is via Interac e-Transfer, EFT, debit card, or credit card.
Remitly is registered as an MSB with FINTRAC and holds equivalent registrations in the markets it serves, including Ghana. It covers more than 170 receiving countries with bank deposit, mobile wallet, and cash pickup options. For regular Canadian remittance senders who care about delivery speed into Ghana and broad payout options, it is one of the strongest all round choices on the route.
Remitly is built for repeat CAD to GHS transfers from Canada to Ghana and consistently delivers fast.
Express tier puts GHS into accounts in Ghana in minutes on most corridors.
Economy tier offers a lower CAD fee for senders to Ghana who are not in a rush.
Bank deposit, mobile wallet, and cash pickup options across Ghana.
Promotional CAD to GHS rate often available on the first transfer to Ghana.
CurrencyFair is a peer to peer currency exchange founded in Dublin in 2009. Instead of holding currency itself and quoting a spread, it matches buyers and sellers on its exchange and clears the resulting trade, which often produces a CAD to GHS rate very close to the mid market rate. On a $20,000 CAD transfer to Ghana, an extra 0.5% on the rate is $100 more reaching the recipient, so this matters most on larger sends.
CurrencyFair is available to Canadian senders and supports a solid set of major currency pairs, though its corridor coverage into Ghana is narrower than Wise or Remitly. Settlement depends on whether your CAD to GHS pair can be matched on the exchange, but most transfers complete in 1 to 3 business days. The platform is well established and holds the appropriate authorisations in the markets where it operates.
Western Union (Best for cash pickup in Ghana)
Western Union has been moving money across borders since 1851 and runs the largest cash pickup network in the world, with more than 500,000 agent locations across 200 countries and territories. It has thousands of Canadian agent points, including in major retailers and currency exchange shops. For recipients in Ghana who do not have a bank account, who live in a rural or underbanked area, or who simply need GHS in hand the same day, Western Union is often the only reliable answer.
The trade off is cost. Western Union's fees and CAD to GHS rates are generally higher than digital specialists, particularly on smaller transfers from Canada. For cash in hand delivery in remote parts of Ghana, though, it provides a service that purely digital providers cannot match. If the recipient has a bank account in Ghana and is not in a rush for cash, Wise or Remitly will almost always be cheaper. Reserve Western Union for the situations where physical cash pickup in Ghana is a real requirement.
Match the provider to the kind of CAD to GHS transfer you are making.
Best CAD to GHS rate: Wise.
Fastest into Ghana: Remitly Express or Xe same day.
Largest CAD transfers to Ghana: Xe or CurrencyFair.
Cash pickup in Ghana: Western Union or Remitly cash.
Traditional Canadian banks (usually not recommended)
Most Canadians default to one of the Big Five banks for transfers to Ghana because everything is in one place and the platform is familiar. RBC, TD, BMO, Scotiabank, CIBC, and National Bank all offer international wires from Canada to Ghana. The combination of fixed CAD fees, hidden FX markup, and slow delivery makes them a costly choice in almost every realistic scenario.
High fees on Canadian bank wires to Ghana
Canadian banks charge fixed outgoing international wire fees regardless of how much you are sending. Published rates as of 2026 look roughly like this: RBC charges $13.50 (online) to $45 (in branch), TD charges $30 to $50, BMO charges $50, Scotiabank charges $45, CIBC charges $30 to $80, and National Bank charges $20 to $45. These fees apply whether the transfer to Ghana is $500 or $50,000 CAD. On smaller transfers, the fee alone can be 5% to 10% of the principal.
On top of the sending fee, receiving banks in Ghana often charge their own incoming wire fee, typically the equivalent of $10 to $25 in GHS. Intermediary banks add another layer: SWIFT wires from Canada usually route through one or more US dollar correspondent banks before reaching Ghana, and each can deduct its own fee. These deductions are rarely disclosed upfront, which is why recipients in Ghana often see less GHS land than expected with no clear explanation from the sending bank.
Bad CAD to GHS exchange rates
The wire fee is the visible cost. The exchange rate markup on CAD to GHS is the invisible one, and it is usually larger. Canadian banks apply their own rate to transfers heading to Ghana, with a margin baked in above the mid market. That margin typically runs 2% to 4% depending on the corridor and the bank, with smaller and less common currencies attracting wider markups. It does not appear as a separate line on your statement; it just shows up as a slightly worse CAD to GHS rate than the one you looked up. Most Canadian senders never notice it.
On a $1,000 CAD wire from one of the Big Five to Ghana, the all in cost is usually $40 to $90 once fees and the FX markup are counted.
Outgoing Canadian wire fee: $13 to $80 CAD.
FX markup on CAD to GHS: 2% to 4% above mid market, applied silently.
Receiving bank fee in Ghana: often the equivalent of $10 to $25 in GHS.
Intermediary bank deductions: rarely disclosed, eat further into the GHS amount.
The same $1,000 CAD sent via Wise to Ghana typically costs $7 to $10 all in, with the recipient receiving meaningfully more GHS.
Slow transfer times to Ghana
International bank wires from Canada to Ghana typically take 3 to 5 business days to land. They route through SWIFT, which is essentially a messaging network, not a settlement system. Each correspondent bank in the chain has to receive the message, run its own compliance check, and pass the funds onward. Weekends and Canadian or Ghana public holidays extend the timeline further. Bank cut off times in Canada (often 2pm to 3pm Eastern) mean a wire submitted later in the day can effectively sit until the next business day before it begins moving.
SWIFT routing through US dollar correspondent banks adds processing time on the way to Ghana.
Compliance checks at correspondent banks can cause unexpected delays before GHS reaches Ghana.
Canadian bank cut off times push transfers back a full business day if missed.
Real time tracking is rare on Canadian bank wires to Ghana, so you often do not know where the money is sitting.
Real cost comparison
The comparison below shows the typical all in cost of sending $1,000 CAD from Canada to Ghana. Figures vary by exact corridor but the relative ranking is consistent across almost every route out of Canada.
Provider
Fee (CAD)
FX markup
Total cost on $1,000 CAD
Speed
Canadian bank wire
$13 to $80 fixed
2% to 4% above mid market
Around $40 to $90
3 to 5 business days
Wise
Around 0.7% variable
Mid market CAD to GHS (no markup)
Around $7 to $10
1 to 2 business days
Remitly
$0 to $4.99 CAD
Small spread on CAD to GHS
Around $5 to $15
Minutes to 5 days, tier dependent
Xe
$0
Small spread on CAD to GHS
Around $8 to $18
1 to 3 business days
The gap is substantial. On a single $1,000 CAD transfer to Ghana, switching from a Big Five bank wire to Wise or Remitly typically saves $30 to $80 and pushes more GHS into the recipient's account. For a Canadian sender supporting family in Ghana every month, that is between $360 and $960 a year that stays with the family rather than the bank.
Cash pickup in Ghana: when it makes sense
Cash pickup is the right choice when the recipient does not have a bank account, when they need GHS immediately and in physical form, or when they live in an area without reliable banking infrastructure. The World Bank estimates that around 1.4 billion adults globally are still unbanked, so this is not a niche scenario; it remains a real, regular use case in many Canadian remittance corridors, particularly for senders supporting family in rural Philippines, parts of South Asia, or sub Saharan Africa.
How cash pickup to Ghana works step by step
The flow is straightforward for both the Canadian sender and the recipient in Ghana.
The Canadian sender starts the transfer online or in the app and selects cash pickup in Ghana as the payout method.
The sender pays in CAD via Interac e-Transfer, EFT, debit card, or credit card and receives a transaction reference number (sometimes called an MTCN).
The reference number is shared with the recipient, usually by message.
The recipient walks into a participating agent location in Ghana with photo ID and the reference number.
The agent pays out the equivalent GHS amount in cash.
Cash pickup in Ghana is not always the cheapest
Cash pickup to Ghana carries higher CAD fees and slightly worse CAD to GHS rates than digital bank deposit transfers. The premium pays for the physical agent network and instant cash availability. If the recipient in Ghana has a bank account and there is no urgency for physical cash, a bank deposit transfer via Wise or Remitly will almost always be cheaper, and more GHS reaches the recipient.
Cash pickup makes sense in three situations for Canadian senders.
The recipient in Ghana is unbanked and needs GHS they can use immediately.
There is genuine urgency: the money is needed in Ghana the same day.
The recipient lives somewhere with patchy or unreliable digital banking inside Ghana.
If none of those apply, a bank deposit transfer via Wise or Remitly is a better outcome for senders to Ghana.
How to find the best way to send money from Canada to Ghana
Choosing the right service is not just about picking the lowest advertised CAD fee. The real cost is always the combination of the fee and the CAD to GHS rate, and the right provider varies by amount, urgency, and how the recipient in Ghana wants to receive funds.
Start with total cost, not zero fee claims
Some providers advertise zero fees, which sounds compelling but can be misleading for Canadian senders. A provider that charges no fee but uses a worse CAD to GHS rate may cost you more overall than one that charges a small transparent fee with the mid market rate. The only meaningful number is the GHS amount that actually arrives in the recipient's account in Ghana.
Look at the CAD to GHS rate offered versus the mid market rate on Google or XE.com.
Compare the GHS the recipient in Ghana actually receives, not the CAD fee charged.
Always check at least two or three providers serving Ghana before confirming any transfer.
Choose the right payout method in Ghana
The payout method affects both cost and speed inside Ghana. Bank deposit is usually cheapest for recipients with accounts. Mobile wallets are increasingly fast and cheap in markets where mobile money has achieved mass adoption, including across parts of East Africa, Southeast Asia, and Latin America. Cash pickup in Ghana is the most expensive option but the only realistic one in some corridors.
Bank deposit in Ghana: cheapest for recipients with accounts; 1 to 3 days on most corridors out of Canada.
Mobile wallet in Ghana: fast and cheap where mobile money is widely used.
Cash pickup in Ghana: higher cost but essential when the recipient is unbanked or needs physical GHS.
Speed vs maximum GHS value
Faster delivery into Ghana costs more. Remitly's Express tier is quicker but carries a higher CAD fee than Economy. Debit card funding is faster than EFT but more expensive. Interac e-Transfer hits a nice middle ground for Canadian senders: it lands with the provider in minutes for free or near free, then the provider does the CAD to GHS conversion at full speed. The right trade off depends on how urgently the recipient in Ghana needs the money.
If speed into Ghana is critical: Remitly Express, Xe same day, or fund via Interac e-Transfer or debit card.
If value matters most: EFT funded Wise transfer to Ghana; accept 1 to 2 business days.
For regular sends to Ghana: set up recurring EFT on Wise or Remitly for the lowest cost from Canada.
Your Canadian funding method affects price and timing
Interac e-Transfer and EFT are the cheapest funding methods on every major platform serving Canadian senders. Debit cards are slightly more expensive but fund instantly. Credit cards are the most expensive option from Canada and usually trigger a cash advance fee from the issuer, which adds cost on top of the transfer fee. Plan your funding method around how soon the recipient in Ghana actually needs the GHS.
Interac e-Transfer: minutes to fund the provider; lowest cost on most platforms; ideal for transfers to Ghana.
EFT (pre authorised debit from chequing): 1 to 3 business days to fund; same low fee as Interac on most platforms.
Debit card: instant funding; slightly higher fee; useful for urgent transfers to Ghana.
Credit card: highest cost; may trigger cash advance fees from your Canadian issuer.
Match the provider to your transfer type
Different providers are optimised for different use cases. Matching the provider to the transfer type saves Canadian senders both money and time on the route to Ghana.
Regular family remittance to Ghana: Remitly or Wise, with EFT or recurring Interac e-Transfer.
Large one off CAD transfer to Ghana: Xe or CurrencyFair, where percentage based pricing keeps the cost low.
Unusual currency or destination inside Ghana: Xe with 130 plus currencies covered.
Cash pickup required in Ghana: Remitly cash or Western Union.
Rate transparency matters most: Wise with mid market CAD to GHS rate and itemised CAD fee.
Always compare the GHS received in Ghana
The only number that ultimately matters is the GHS the recipient in Ghana receives. Every provider shows this figure in CAD before you confirm, so spend a minute checking two or three options on the same day at the same CAD amount. CAD to GHS rates move continuously through the day, sometimes by 0.5% in either direction, so compare at the same moment for an accurate read on the Canada to Ghana corridor.
Once you have found a provider that works for your setup on the Canada to Ghana route, stick with it for regular sends. Most platforms offer rate alerts, recurring transfer scheduling, and loyalty benefits for Canadian users. The goal is not the cheapest single transfer but a reliable, low cost habit that consistently moves more GHS to the people who need it in Ghana.
FAQs: Sending money from Canada to Ghana
What is the cheapest way to send money from Canada to Ghana?
The cheapest way is almost always a specialist provider funded via Interac e-Transfer or EFT. Wise uses the mid market CAD to GHS rate and charges a small transparent fee, usually 0.5% to 1.5% on most Canada to Ghana routes. Remitly Economy is also very competitive, particularly for new Canadian customers who often qualify for a promotional CAD to GHS rate on their first transfer.
Avoid Canadian bank wires to Ghana, which add a $13 to $80 CAD fixed fee plus a 2% to 4% FX markup. The combined cost on a $1,000 CAD wire is typically $40 to $90, versus around $7 to $10 with Wise. Compare two providers on your exact amount before sending: the GHS that lands in Ghana can vary by tens of dollars even on smaller transfers.
How long does a money transfer from Canada to Ghana take?
Most specialist transfers from Canada settle in 1 to 3 business days. Remitly Express can deliver to Ghana in minutes on many corridors, while Xe usually clears in 1 to 3 business days and Wise typically settles in 1 to 2.
Canadian bank wires to Ghana are slowest at 3 to 5 business days because they route through SWIFT and US dollar correspondent banks. Funding method also matters: EFT takes 1 to 3 days to clear before the GHS can leave for the recipient, Interac e-Transfer lands within minutes, and debit card funding triggers the transfer instantly.
Is Wise the best way to transfer CAD to GHS?
For most Canadian senders moving CAD to GHS, Wise is the strongest single option. It uses the mid market CAD to GHS rate, charges a small transparent fee (typically 0.5% to 1.5% on Canadian routes), is registered with FINTRAC as an MSB, and supports Interac e-Transfer and EFT funding from Canadian chequing accounts.
Wise is not always the absolute cheapest on every transfer to Ghana. Remitly often beats Wise on a first time promotional rate, and Xe wins on very large CAD amounts because of its no fixed fee structure. Compare the GHS amount that arrives in Ghana across all three before each transfer.
How do I transfer money from Canada to a bank account in Ghana?
Open an account with a specialist provider like Wise, Remitly, or Xe and complete FINTRAC required identity verification. Add the recipient's bank details in Ghana (account number, routing or IBAN as required, recipient name as it appears on the account).
Choose your CAD funding method (Interac e-Transfer is fastest and cheapest), enter the CAD amount you want to send, and confirm. The platform handles the CAD to GHS conversion and deposits the GHS into the recipient's account in Ghana within 1 to 3 business days on most corridors.
What documents do I need to send money from Canada to Ghana?
Every regulated provider serving the Canada to Ghana corridor must run identity checks under Canadian Proceeds of Crime (Money Laundering) and Terrorist Financing Act rules and FINTRAC guidance. You will typically be asked for your full name, date of birth, Canadian address, and a government issued photo ID such as a Canadian passport or driver's licence.
For larger transfers to Ghana (typically above $10,000 CAD), you may also be asked for proof of source of funds. By Canadian law, any single electronic funds transfer of $10,000 CAD or more in or out of the country triggers a Large Value Transfer Report to FINTRAC.
How much does it cost to send money from Canada to Ghana?
On a $1,000 CAD transfer to Ghana, expect to pay roughly $7 to $10 with Wise, $5 to $15 with Remitly (tier dependent), $8 to $18 with Xe, and $40 to $90 with a Big Five bank wire. The big difference between specialists and banks is mostly in the FX markup, not the fee.
Costs scale differently by provider. Wise and Remitly charge a roughly fixed percentage, so they stay competitive at low and medium amounts. Xe's no fixed fee structure makes it disproportionately good at higher CAD amounts where the percentage cost stays low. Banks' fixed fees become more painful on smaller transfers.
Can I send money to Ghana from Canada instantly?
Yes, on many corridors. Remitly Express delivers GHS to Ghana in minutes when the recipient receives via mobile wallet or cash pickup. Xe and Wise both support same day delivery on a number of major routes when funded by Interac e-Transfer or debit card.
Instant delivery from Canada works best when both ends are digital: a Canadian Interac e-Transfer or debit card on the funding side and a bank or wallet on the receiving side in Ghana. EFT funding adds 1 to 3 business days because the CAD has to clear before it can leave Canada.
Is it safe to send money online from Canada to Ghana?
Yes. Wise, Remitly, and Xe are all registered as MSBs with FINTRAC in Canada and subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, the same regime that applies to Canadian banks. Customer CAD funds are held in segregated accounts at established banks, separate from each company's operating capital.
All three are publicly listed or part of large publicly listed groups, are independently audited, and use bank grade encryption on transfers from Canada to Ghana. Tens of millions of senders use them every month, including a large volume on the Canada to Ghana corridor.
What is the best CAD to GHS exchange rate?
The best CAD to GHS rate available to Canadian senders is the mid market rate, the same rate you see on Google or XE.com when you search CAD to GHS. Wise uses this rate directly with a small transparent fee on top, which is why it consistently scores best on rate transparency for transfers from Canada to Ghana.
Other specialist providers add a small spread on the Canada to Ghana route, typically 0.4% to 1.5%. Canadian banks add 2% to 4%, which is why Big Five wires to Ghana are usually the worst CAD to GHS option. The mid market rate also moves throughout the day, so the timing of when you confirm matters on larger transfers to Ghana.
Do I need to pay tax on money sent from Canada to Ghana?
Outgoing personal remittances from Canada to family in Ghana are not generally taxable in Canada. The Canada Revenue Agency does not tax gifts sent abroad, although the recipient in Ghana may face local tax depending on the country's rules and the size of the transfer.
Business payments are different: if you are sending CAD to Ghana as part of a business expense (paying suppliers, contractors, or staff), normal Canadian tax rules around deductible expenses apply. Transfers above $10,000 CAD also trigger reporting to FINTRAC under Canadian AML legislation. Talk to a Canadian tax professional if you are unsure.
What is the maximum amount I can send from Canada to Ghana?
Most specialist providers serving Ghana allow transfers up to roughly $1 million CAD per send for fully verified Canadian accounts, with daily and rolling limits that vary by provider and corridor. Wise has corridor specific caps for the Canada to Ghana route. Xe can handle very large CAD amounts and is often the right choice for six figure sends.
Larger transfers may require additional documentation under Canadian AML rules, including proof of source of funds and the purpose of the transfer. If you are sending more than $10,000 CAD to Ghana, contact the provider's support team in advance to confirm the process and avoid surprise compliance holds. The transaction will also automatically be reported to FINTRAC.
What is the best way to regularly send money from Canada to Ghana?
For regular sends from Canada to Ghana, set up recurring EFT funding on Wise or Remitly. EFT pulls CAD directly from your chequing account on a schedule you set, and the CAD to GHS transfer to Ghana kicks off automatically once the funds clear.
Both providers offer rate alerts, so you can be notified when the CAD to GHS rate hits a level you are targeting and trigger a transfer manually. For Canadians sending to family in Ghana every month, the combination of recurring EFT plus rate alerts on a single trusted provider is the lowest effort, lowest cost setup.
Can I use PayPal to send money from Canada to Ghana?
PayPal supports international transfers from Canada, but it is rarely the best option for sending CAD to GHS. PayPal's CAD to GHS exchange rate typically carries a 3% to 4% markup above mid market, plus transaction fees that can add another 2% to 5% depending on funding method.
On a $1,000 CAD transfer to Ghana, PayPal often costs $50 to $90 all in, which is in the same range as a bank wire and significantly worse than Wise, Remitly, or Xe. Use PayPal only when the recipient in Ghana specifically requires it; otherwise pick a specialist on the Canada to Ghana route.
Which Canadian bank is cheapest for transfers to Ghana?
Among the Big Five, RBC's online international wire is the cheapest at $13.50 CAD, followed by TD and CIBC online at $30, BMO at $50, and Scotiabank at $45. National Bank sits between $20 and $45. These are just the wire fees; all six add a 2% to 4% CAD to GHS markup on top.
Even the cheapest Canadian bank wire to Ghana is significantly more expensive than a specialist provider. On a $1,000 CAD send to Ghana, RBC's $13.50 wire fee plus a 2% FX markup ($20) lands at around $33.50 in real cost, versus $7 to $10 with Wise on the same transfer. The bank's cheapest option is still 3 to 5 times the all in cost of the cheapest specialist.
Does FINTRAC monitor my transfers from Canada to Ghana?
FINTRAC, the Financial Transactions and Reports Analysis Centre of Canada, is the country's financial intelligence unit. It does not monitor every transfer, but every Canadian financial institution and registered MSB (including Wise, Remitly, and Xe) must automatically report any single electronic funds transfer of $10,000 CAD or more in or out of Canada via the Large Value Transfer Report (LVTR).
FINTRAC also receives Suspicious Transaction Reports if a provider has reasonable grounds to suspect a transfer is connected to money laundering or terrorist financing. For routine personal remittances from Canada to family in Ghana, this background reporting is not something senders need to manage actively; it happens automatically at the institutional level.
Sending money from Canada to Ghana does not have to be expensive or slow. Specialist providers have made CAD to GHS transfers faster, cheaper, and more transparent than ever before. Whether you are supporting family in Ghana, paying tuition or rent abroad, or moving CAD as a Canadian expat, the right provider gets more GHS to the recipient on every send to Ghana. Spend a minute comparing rates across Wise, Remitly, and Xe before your next transfer to Ghana. The difference adds up.
