re you someone who belongs from Ghana but had to move abroad? Are you a student who has just moved away from Ghana to study at a foreign university? Are you an immigrant who works abroad and is looking for a way to send money online? If the answer to any of these questions is YES, this article is for you. When sending money to Ghana, everyone wants to come across a medium that is:
- Reliable and secure so that the money can reach the destination safely.
- Affordable so that one can wire money without drilling a hole in their pockets.
- Convenient so that the method of money transfer is easy and simple to execute.
The most commonly put forward concern when it comes to sending money to Ghana online, is to save money when sending money to Ghana. Everyone wants to find a profitable and budget-friendly way of wiring money.
What Are the Factors Affecting the Overall Cost of International Money Transfer?
Before moving on to the most profitable way of transfer money, it is important to understand the cost involved in money transfer to Ghana. Two main factors affect the cost of sending money to Ghana. The first factor is the transfer fee of the service provider. This varies from one service provider to another. The other aspect is the exchange rate of the currency. This is a variable factor as the exchange rate keeps changing with time.
Before you initiate the money transfer, you must check the latest exchange rate of the currency. If the exchange rate of the currency is high, it is an indication that you should go ahead and send money globally. But if the exchange rate is low, then you should wait till it stabilizes again so that you can gain maximum advantage from the money transfer.
Is It Affordable to Send Money to Ghana?
When it comes to the most affordable and profitable way of online money transfer to Ghana, there is no doubt about the fact that ACE Money Transfer is the right choice. They are a renowned and trustworthy money transfer service provider that is known for its safe and secure money transfer services. Sending money to Ghana through a money transfer company is affordable because they offer the best exchange rate for the currency.
What is the Importance of Transfer Fee and Exchange Rate?
At the same time, the transfer fee that is charged by the company is also very affordable. This way, people can easily use online money transfer without having to spend a massive sum of money on the transaction.
Make sure the company you choose offer better exchange rate, and come up with several receiving methods. The common methods for Ghana are mobile wallet, cash pickup and bank transfer. Usually, the preferable method is the mobile wallet. This is very popular among overseas Ghanaian. Due to this, reputed companies like ACE Money Transfer add this payment method on the first list.