🇬🇭 Pay Suppliers in Ghana
Pay Ghanaian suppliers for cocoa, gold, agricultural products, textiles
T+0 (2.3s avg within Unicorn network). Save 87% vs traditional banks.
What you need to send money to Ghana
What details do I need to pay suppliers in Ghana?
To pay suppliers in Ghana you need the recipient's IBAN (International Bank Account Number (SEPA)), plus account number and beneficiary name. Payments typically settle in 2.3 seconds and cost 0.5% FX spread + £5 per payment.
How fast are payments to Ghana?
Payments to Ghana settle in an average of 2.3 seconds when using local rails such as GhIPSS Instant Pay, compared to 2–3 days via traditional SWIFT.
How much does it cost to send money to Ghana?
Unicorn Currencies charges 0.5% FX spread and £5 per payment. You save about 87% versus banks (e.g. £505 vs £4040 on a £100k transaction).
Cost Comparison: Banks vs Unicorn Currencies
See how much you save on £100,000 payment to Ghana
| Cost Item | Traditional Banks | Unicorn Currencies |
|---|---|---|
| FX Spread | 4% | 0.5% |
| Payment Fee | £40 | £5 |
| Total Cost (£100,000) | £4,040 | £505 |
| YOUR SAVINGS | N/A | £3,535 (87%) |
| Settlement Time | 2-3 days (SWIFT) | T+0 (2.3s avg within Unicorn network) |
Local Payment Rails in Ghana
Avoid expensive SWIFT fees. We use local payment systems in Ghana for faster, cheaper settlement.
GhIPSS Instant Pay
Ghana Interbank Payment and Settlement System - instant transfers
ACH Ghana
Automated clearing house for bulk payments
Who Uses This Payment Corridor
Key Industries in Ghana
- Agriculture
- Cocoa Export
- Gold Mining
- Textiles
- Food Processing
Average Transaction: £40k-£180k
Typical Monthly Volume: £80k-£500k
Popular Supplier Types
- Cocoa exporters (Ashanti, Western Region)
- Gold mining suppliers (Obuasi, Tarkwa)
- Agricultural products (Various regions)
- Textile manufacturers (Accra, Kumasi)
What You Need to Know: Ghana Payments
Regulatory Considerations
- Bank of Ghana foreign exchange regulations
- Ghana Revenue Authority (GRA) tax compliance
- Cocoa exports regulated by COCOBOD
- Mining payments require enhanced due diligence
Payment Tips for Ghana
- Ghana = World's 2nd largest cocoa producer
- Gold mining significant - strict payment documentation
- GhIPSS Instant Pay for fast settlement
- Political stability makes Ghana attractive West African hub
Why Choose Unicorn for Ghana Payments
Local Rails, Not SWIFT
We use GhIPSS Instant Pay and other local systems in Ghana. Avoid 3-4% SWIFT fees and 2-3 day delays.
87% Lower Costs
Save £3,535 on every £100,000 payment. On £80k-£500k monthly volume, save up to £106,050 annually.
Bank of Canada Supervised
Registered Payment Service Provider (PSP) and FINTRAC MSB. Full regulatory compliance for Ghana payments.
Real-Time FX Tracking
Upload supplier invoices in GHS. See live P/L as GBP/GHS rates move. Lock rates for 15 seconds before committing.
£1,000,000+ Paying Suppliers in Ghana? Save 87%
Enterprise treasury for import/export businesses with T+0 (2.3s avg within Unicorn network) settlement to Ghana
For businesses with high annual FX volume. Not consumer transfers.