Business bank account fees in Ghana: how to compare

Snapshot

Business account costs in Ghana come mainly from account maintenance charges, transaction fees, and charges for transfers, cash handling, and card use, rather than from one headline monthly fee. Foreign receiving services charge receiving and conversion fees instead of a monthly fee.

Typical monthly fee: Often no single fixed monthly fee; maintenance and transaction charges apply
Main cost drivers: Account maintenance, transfers, cash handling, card use
E-Levy: Repealed with effect from 2 April 2025
Charged in: Ghana cedi (GHS)

Fees and features as of 3 June 2026Last reviewed 3 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

As of 3 June 2026, business account fees in Ghana usually come from a mix of account maintenance charges and per transaction costs rather than a single advertised monthly fee. Banks such as GCB Bank, Fidelity Bank Ghana, Ecobank Ghana, and Stanbic Bank Ghana set their own schedules for transfers, cash deposits and withdrawals, card use, and foreign exchange. A foreign receiving service such as Payoneer charges receiving and conversion fees instead of a monthly fee. Confirm the current schedule with the provider.

How business account fees work in Ghana

Fees fall into a few groups. Account maintenance or service charges are applied periodically by many banks. Transaction costs sit on top, including charges for local and international transfers, cash deposits and withdrawals, cheque books, card issuance and use, and statements. Foreign exchange adds a further cost when a business pays suppliers abroad or converts foreign income, through both a per transfer charge and the margin applied to the exchange rate. As of 3 June 2026, established Ghanaian banks publish their own tariff guides rather than a single flat platform fee, so the cost of an account depends heavily on how it is used. Confirm the current tariff with the provider.

Maintenance and transaction charges

Rather than one headline monthly fee, many Ghanaian business accounts combine a periodic maintenance charge with separate fees for each type of transaction. A business that makes frequent transfers or handles a lot of cash can therefore pay more than the maintenance charge alone suggests. Read the tariff guide for the specific charges that match your activity.

Transfers, cash, and foreign exchange

Transfer fees, cash handling charges, and foreign exchange costs are often the largest part of the bill for an active business. Ghana repealed the Electronic Transfer Levy with effect from 2 April 2025, so that 1 percent levy no longer applies to covered electronic transfers, though banks still charge their own transfer fees. For foreign payments, compare the per transfer charge and the exchange rate margin together.

What drives the cost

A few things drive what a business account costs in Ghana, as of 3 June 2026. Verify with the provider

Account maintenance or service charges, applied periodically by many banks.
Transaction costs, including local and international transfers, cash deposits and withdrawals, cheque books, and card use.
Foreign exchange costs, both the per transfer charge and the margin on the exchange rate, when paying or receiving in foreign currency.

How to compare on fees

List the charges that apply to how you will actually use the account, including transfers, cash handling, and any foreign exchange.
Read the bank tariff guide for the specific fees, since a low maintenance charge can sit alongside high transaction costs.
Confirm the current schedule with the provider before you apply, as charges change.

The international providers we compare do not confirm a business account for companies resident in Ghana as of 3 June 2026. Established Ghanaian banks such as GCB Bank, Fidelity Bank Ghana, Ecobank Ghana, and Stanbic Bank Ghana hold the cedi side, while a foreign receiving service such as Payoneer handles overseas payouts. Confirm current charges with each provider before applying.

Questions about business account fees in Ghana

How much does a business bank account cost in Ghana?

As of 3 June 2026, established Ghanaian banks usually charge no single headline monthly fee but apply account maintenance charges, transaction fees, and charges for transfers, cash handling, and card use. A foreign receiving service such as Payoneer charges receiving and conversion fees rather than a monthly fee. Costs vary by bank and account type, so confirm the current schedule with the provider.

Is there a business account with no fees in Ghana?

No widely available business account is free of all charges. Some accounts carry no fixed monthly fee, but account maintenance, transfer, and transaction charges still apply. Compare the charges for how you will actually use the account, not just the monthly fee. As of 3 June 2026, confirm with the provider.

Does the E-Levy still apply to business transfers in Ghana?

Ghana repealed the Electronic Transfer Levy with effect from 2 April 2025, so mobile money transfers and covered electronic transfers no longer carry that 1 percent levy. Banks still apply their own transfer and transaction charges. As of 3 June 2026, confirm current charges with the provider.

Are international transfer fees high in Ghana?

Transfer and currency conversion charges vary by bank and can outweigh routine account fees for a business that pays suppliers abroad or receives foreign income. Compare the cost for each transfer and the exchange rate margin, not just the headline charges. Pricing as of 3 June 2026, so confirm with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 3 June 2026. Confirm current terms with the provider before applying.