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GHS – Ghanaian Cedi

Overview

The payment processing of this currency is considered to be relatively standardised.

Currency Guidelines

Besides the standard information, the beneficiary’s physical full address is recommended.

A clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

The Beneficiary’s Bank’s Sort Code is mandatory and should be added to the remittance information. This code is a six digit code which allows the identification of a financial institution. This code is preceded with two letters that represent the country code for Ghana: GH.

The 8-character alpha numeric sort code is allocated based on pre-defined criteria to identify the country, the bank, the clearing zone in which a bank branch is located and the branch number of the bank and are structured as enclosed:

• The first two digits represent the bank’s code

• The second two digits represent the code of the clearing zone within which the branch of the bank is located

• The last two digits represent the branch’s code

If Beneficiary Bank’s Sort Code is not know, the full address (exact branch location) and name of the beneficiary’s bank is mandatory and to be provided in the remittance information. Moreover, it is recommended to provide the beneficiary’ telephone number in the remittance information.

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES
Additional information

• Available charge options: OUR/SHA/BEN
• Central bank of Ghana: http://www.bog.gov.gh/