The three apps are often mentioned together and work very differently from Ghana. The short version:
| Send money to Ghana | Open an account living in Ghana | |
|---|---|---|
| Wise | Yes, in cedis, to Ghanaian bank accounts | Not with a cedi balance; check Wise’s list of supported countries |
| Revolut | Check the app in the sender’s country | No. Ghana is not a supported country |
| Monzo | Check the app | No. You must live in the UK |
Wise
Wise is the useful one for Ghana. Someone abroad with a Wise account pays in pounds, dollars or euros, and the recipient gets cedis in a Ghanaian bank account, paid from Wise’s own local account. The recipient needs no Wise account. Wise shows the rate and the fee before you pay, and its rate is close to the mid-market one.
Check in the app whether Wise pays into MoMo wallets from your country, and the limit per transfer: limits depend on the currencies and how you pay.
Wise is built for money coming in. Do not plan on it for holding cedis or for sending money out of Ghana without first checking in the app that it offers either from here.
— Rate checker: is a quote fair?
Revolut and Monzo
Both are banks for people who live where they are licensed. Revolut lists the countries whose residents can sign up, and Ghana is not one of them; Monzo requires you to live in the UK, with a UK address it may check.
If you already have one and move to Ghana:
- Tell the bank you are abroad, and read its terms. Both can close an account whose holder no longer lives in a supported country, and Monzo’s community reports closures after long stays abroad.
- Keep it for spending in its home country, and to send money to Ghana from it, not as your main account here.
- Open a Ghanaian bank account and a MoMo wallet for life here. Rent, school fees and shops are paid in cedis, mostly by MoMo.
— Opening a bank account in Ghana — Sending money to Ghana — Sending money out of Ghana — Does PayPal work in Ghana?