Cost to send money from Ghana to Nigeria
Sending GHS 300 from Ghana to Nigeria cost 13.29% of the amount on average in Q3 2025, across 7 services surveyed by the World Bank. The lowest cost was 12.02% (EcoBank Rapid Transfer) and the highest 14.29%. GHS 300 is the World Bank's standard amount for this corridor, set as the equivalent of US$200. A year earlier, in Q3 2024, the average was 9.98%.
| Average total cost (US$200 equivalent) | 13.29% |
| Average total cost (US$500 equivalent) | 9.96% |
| Average FX margin | 6.20% |
| Banks | 13.29% across 7 services |
| Surveyed | 19 Aug 2025 to 28 Aug 2025, 3 providers |
Every service surveyed, cheapest first
Total cost is the fee plus the FX margin, as a share of GHS 300.
| Provider | Type | Pay by | Receive as | Speed | Fee | FX margin | Total cost |
|---|---|---|---|---|---|---|---|
| EcoBank Rapid Transfer | Bank | Bank account transfer | Bank account | Same day | GHS 20.00 | 5.35% | 12.02% |
| EcoBank Rapid Transfer | Bank | Cash | Cash | Same day | GHS 20.00 | 5.76% | 12.43% |
| EcoBank Rapid Transfer | Bank | Bank account transfer | Bank account | Same day | GHS 9.00 | 9.82% | 12.82% |
| UBA Africash | Bank | Cash | Cash | Same day | GHS 25.00 | 5.41% | 13.74% |
| UBA Africash | Bank | Bank account transfer | Bank account | Same day | GHS 25.00 | 5.53% | 13.86% |
| United Bank for Africa (UBA) | Bank | Bank account transfer | Bank account | Same day | GHS 25.00 | 5.54% | 13.87% |
| United Bank for Africa (UBA) | Bank | Bank account transfer | Bank account | Same day | GHS 25.00 | 5.96% | 14.29% |
How the cost has moved
The average was 7.86% in Q2 2016, the first quarter in this series with data for the corridor, and 13.29% in Q3 2025.
The UN target
The UN Sustainable Development Goals aim to bring the global average cost of sending remittances below 3% by 2030 and to remove corridors costing more than 5%. The World Bank measures the 5% test on the average of the three cheapest qualifying services in each corridor, not on the corridor average. source In this corridor the three cheapest services surveyed averaged 12.42% (a plain average, without the World Bank's qualifying rules).
Related
Frequently asked questions
How much does it cost to send money from Ghana to Nigeria?
Sending GHS 300 from Ghana to Nigeria cost 13.29% of the amount on average in Q3 2025, across 7 services surveyed by the World Bank. The lowest cost was 12.02% (EcoBank Rapid Transfer) and the highest 14.29%. GHS 300 is the World Bank's standard amount for this corridor, set as the equivalent of US$200. A year earlier, in Q3 2024, the average was 9.98%.
Which service cost least from Ghana to Nigeria?
In the World Bank's Q3 2025 survey the lowest total cost was 12.02% of GHS 300, from EcoBank Rapid Transfer. Costs change with exchange rates, so check current prices with each provider.
Where Polynopsis fits
The companies surveyed here move money across borders every day, and many of them prefund payout partners in the receiving country. Polynopsis is liquidity software for those companies: one live position across their banks, payout partners and wallets, with a warning before a corridor runs dry.
Data: World Bank, Remittance Prices Worldwide (complete dataset, licensed CC BY 4.0). Averages and charts are worked out by Polynopsis from that dataset. Services without a US$200 quote are left out of the averages, so a few corridors differ slightly from the World Bank site. Each corridor uses the local send amount the World Bank set as the equivalent of US$200; where that amount is now worth much less than US$200, fixed fees make the percentage cost higher.
Know where all your money is.
Polynopsis gives cross-border payment teams one live position across every bank, payout partner, exchange and wallet, including money in flight, and warns before a corridor runs dry.
About Polynopsis
Polynopsis is liquidity management software for cross-border payment companies. The name joins poly, many, and synopsis, a seeing together: one live view of money spread across many banks, payout partners, exchanges and stablecoin wallets, including money in flight, with a warning before any corridor runs dry.
Why it is called Polynopsis · About Polynopsis · Glossary · Corridor runway calculator