Getting paid in euros or sending money to Europe from Ghana shouldn't be difficult. But for many, it still is. Delays, high fees, and poor exchange rates make the process frustrating, even if you already have a euro account.

So, what’s the easiest way to manage euro payments without hassle?

In this article, we explore the challenges of sending and receiving euros in Ghana and the smartest and easiest ways to solve this problem.

Also read: How to manage multiple currencies as an expatriate in Ghana using Grey

Common problems when sending or receiving euros in Ghana

1. Unfavourable exchange rates: Most banks and some digital platforms offer poor exchange rates, which means you receive less value when converting Euros to Ghanaian Cedis or vice versa.
2. High conversion fees: Whether you’re sending or receiving, multiple fees apply, including transfer charges, receiving bank fees, and currency conversion costs.
3. Delayed transfers: Euro payments to/from Ghana can take several working days, especially when using traditional banks.
4. Banking processes: Setting up or using a euro account through a local bank often involves long paperwork, approvals, and in-person visits, making it inconvenient for regular use.

Also read: How to send and receive USDC in your USD account in Ghana

Top platforms to receive and send euros in Ghana

1. Grey: Grey provides users in Ghana with a free  EU  account in their name. This account can receive euro payments directly, which can then be converted to Ghanaian Cedis and withdrawn to a local bank account. It also allows users to send euros to European accounts.
2. Wise: With Wise, users can easily hold and send euros, making it a reliable option for transferring money directly to Ghanaian bank accounts.
3. PayPal: PayPal supports euro payments and is widely accepted. However, the platform applies high fees for currency conversion, and transferring funds to Ghanaian banks is limited and often delayed.
4. Western Union: Western Union offers cash pick-up services in Ghana for euro remittances.

Also read: Cheapest way to send money from the USA to Ghana

Why Grey is the best platform for euro transactions in Ghana

1. Instant euro account: Get a EU bank account in your name that works and lets you receive and send euros just like a local.
2. Low fees: Enjoy transparent pricing and competitive exchange rates without hidden charges.
3. Fast processing: Receive and withdraw your funds in days.

How to use Grey to send and receive euros in Ghana

• Create a Grey account and complete your identity verification.
• Request a  EU account from your dashboard.
• To receive euros, share your account details with the sender (client, employer, or family member).
• Once funds are received, convert to cedis and withdraw to your Ghanaian bank account.
• To send euros, fund your Grey wallet in cedis, convert to euros, enter the recipient’s euro account details, and confirm the transfer.

Take control of your euro payments today with Grey

You shouldn’t have to deal with slow transfers, high fees, or poor exchange rates just to receive or send euros. With Grey, you get a free EU  account that lets you receive payments from Europe and easily send funds from Ghana.

Create your Grey account today or download the app to experience simple, fast, and affordable international banking made for you.

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