Send money from Ghana to China
The money that moves from Accra to Guangzhou is usually working money: a bill with a due date, a term fee, a supplier's invoice. African importers buy from Guangzhou, Yiwu and Shenzhen, and most of them pay in dollars and lose a second spread when the supplier converts.
GHS
CNY
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yuan for someone in Guangzhou
The people sending from Accra and Kumasi to China tend to know exactly what the recipient needs in yuan. A rate that moves between send and settlement breaks that.
Grey fixes the GHS to CNY rate when you confirm and pays into ICBC, Bank of China, China Construction Bank, Agricultural Bank of China or any Chinese bank. African importers buy from Guangzhou, Yiwu and Shenzhen, and most of them pay in dollars and lose a second spread when the supplier converts.
How sending to China works
Sign up
Download Grey, verify with your Ghana Card, and you're set in a few minutes. Grey works with licensed partners in Ghana.
Fund
Send cedis to your Grey balance by bank transfer from any Ghanaian bank or mobile money. Hold it there, and convert to CNY only when the payment to Guangzhou is due.
Send
For China, enter the beneficiary's name exactly as their bank holds it, plus bank, branch and account number. Confirm the CNY amount and send.
The cost of a transfer to Guangzhou
Grey shows one rate, GHS to CNY, and one fee. Both are fixed before you send from Accra. The amount that reaches Guangzhou matches what you were shown.
What you agree is what arrives
The rate you accept in Accra is the rate applied. Movements in either currency afterwards don't touch what arrives at ICBC, Bank of China, China Construction Bank, Agricultural Bank of China.
When you wire dollars to a Chinese supplier, their bank converts at a rate you never see and sometimes holds the funds for review. Yuan lands as a domestic credit.
What Ghanaian senders put up with before
Banks in China charge receiving fees on international wires and sometimes hold them for review. A payment from Accra that lands as a domestic CNY credit at ICBC, Bank of China, China Construction Bank, Agricultural Bank of China clears faster and arrives whole.
How it lands in Guangzhou
The person in Guangzhou gets what they'd get from a local transfer: CNY credited to their account at ICBC, Bank of China, China Construction Bank, Agricultural Bank of China. No collection, no code, no receiving fee. Confirmation shows in your app in Accra at the same time.
ICBC and the rest
Every bank in China is covered, from the big names to regional ones.
Domestic credit
Your recipient sees a normal CNY deposit, not an international wire.
Confirmation in Accra
The app in Ghana shows settled the moment Guangzhou receives it.
Funding from Ghana, in practice
Funding from Kumasi for a transfer to Guangzhou works like this. Ghanaians topping up in cedis can use MTN MoMo or a bank transfer from GCB, Ecobank or Fidelity. Those paid in dollars by foreign clients can skip the cedi step entirely. Convert to CNY when a payment to ICBC is due, not before.
Top up once
Move a month's worth of cedis in and send to Guangzhou as needed.
Earn in foreign currency?
Send from that balance and avoid a double conversion.
Convert on the due date
Hold cedis, convert to CNY when the payment is actually due.
If the CNY amount matters more than the GHS amount, enter the CNY figure first and let Grey work back to what you'll pay.
Who this route is for
E-commerce sellers
Recurring payments to suppliers on 1688 and Alibaba who accept bank transfer.
Students
Tuition at universities in Nanjing, Wuhan and Guangzhou, paid in yuan.
Agents and freight
Paying Chinese sourcing agents and forwarders in local currency.
Importers
Deposits and balance payments to factories in Guangzhou, Shenzhen, Yiwu and Ningbo.
Three kinds of sender use this route from Accra: families with someone in Guangzhou, parents of students, and businesses with a supplier or contractor in China. African importers buy from Guangzhou, Yiwu and Shenzhen, and most of them pay in dollars and lose a second spread when the supplier converts.
What Grey does differently on this route
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