Freelancer country guide: Ghana — getting paid by clients abroad and cashing out in cedis
Open a Storspay business account as a sole trader, get USD, EUR, GBP and CAD account details in your own name, hold dollars and euros as they arrive, and cash out in Ghana at 2% all-in the same business day. What getting paid really costs, a worked example in US dollars, and a six-point checklist.
The short answer. Open a Storspay business account as a sole trader. You get US dollar, euro, pound and Canadian dollar account details in your own business name, so a client abroad pays you the way they pay any supplier at home. Dollars and euros are held as they arrive. When you choose, you cash out in Ghana at 2% all-in, the same business day.
This guide is for freelancers and sole traders in Ghana with clients in the United States, Canada, the United Kingdom or Europe. In one line: receiving is free · from 2% all-in · same business day.
The true cost of getting paid: two numbers
Every international payment has two costs. The fee is the one you are told about. The rate is the one you are not. A low fee with a poor rate can cost more than a fair fee with a fair rate.
The 30-second check. Divide what landed in your account by the amount on the invoice. That is the share you kept. Then compare the exchange rate you were given with the mid-market rate on the same day — the rate you see when you search the currency pair. The gap between the two is the spread, and it is a cost even when the fee line says zero.
On a traditional international transfer there are usually three leaks: the wire fee on the way out, the exchange-rate spread, and a forced conversion into cedis the moment the money arrives, at a rate you did not choose. Together they often take 5–7% of the invoice. On a US$1,000 invoice that is US$50–70 gone before you have done anything with the money.
| Cost | Traditional international transfer | Storspay |
|---|---|---|
| Fee to receive | A wire fee, often charged at both ends | Free |
| Exchange rate | A spread built into the rate | Mid-market rate on the day |
| Conversion on arrival | Forced into cedis at once | None — dollars and euros are held as they arrive |
| Cashing out in Ghana | Not applicable — it was already converted | 2% all-in, same business day |
A worked example, in US dollars
We keep the example in dollars because exchange rates move every day and a cedis figure printed here would be wrong by the time you read it.
You invoice a client in the United States for US$1,000 and give them your Storspay US dollar account details. They pay by ACH or wire. US$1,000 arrives — receiving is free, and nothing is converted on arrival. The dollars sit in your balance as dollars until you decide what to do with them.
When you cash out, Storspay converts at the mid-market rate on the day and charges 2% all-in, so US$980 worth of cedis lands in your Ghanaian account the same business day. There is no second fee and no second rate.
Account details in your own name
Once your sole-trader account is verified, you can hold account details in four currencies, each in your own business name — not a shared account, and not someone else's name on your client's bank screen.
| Currency | How your client pays | What happens on arrival |
|---|---|---|
| US dollars (USD) | ACH or wire | Held as dollars |
| Euros (EUR) | SEPA transfer | Held as euros |
| Pounds (GBP) | Faster Payments | Converted once to US dollars at the rate shown on the deposit |
| Canadian dollars (CAD) | Interac e-Transfer or EFT | Converted once to US dollars at the rate shown on the deposit |
US dollar details are issued when you are verified; euro, pound and Canadian dollar details are added from the Get paid screen when you need them.
Cashing out in Ghana
Cashing out is one step. Choose the balance, enter the amount, and give a mobile-money number and the network it is on, or a bank account number and the name of the bank. Storspay shows the mid-market rate, the 2% all-in fee and any local delivery fee before you confirm — the amount on the confirmation screen is the amount that lands. Cedis land in the wallet in minutes, or in the bank account the same business day.
Nothing is converted until you ask, so you can cash out what you need and leave the rest in dollars or euros.
Paying someone who helped you
If a collaborator is also on Storspay, paying them is free and instant, in the currency you pay from. A designer in Accra paying a developer in another African country for a shared project sends them dollars or euros straight from their balance, with no wire, no conversion and no fee. The developer then cashes out in their own country when they choose.
If they are not on Storspay, it is an ordinary payout to their bank account or mobile-money wallet in any of the 26 countries, at 2% all-in, the same business day.
The "true cost of getting paid" checklist
- Account details in your own business name. Your client should see your name, not a third party's.
- Know the fee before the client pays. If you cannot say what it costs to receive, you are about to find out the expensive way.
- Check the rate against mid-market. Same day, same pair. The gap is a cost.
- No forced conversion on arrival. Dollars should stay dollars until you decide.
- Cash out when you choose, not when the client pays. Timing is yours.
- Keep the invoice and contract for every payment. It is how a business payment is shown to be one.
Who this is for — and who it is not for
Storspay is for businesses, and a sole trader counts as one. If you freelance in Ghana under your own name — writing, design, development, consulting, translation, anything a client pays an invoice for — you open a business account of the sole-trader type.
Every payment has to be a business transaction: an invoice, a contract, work delivered. Storspay does not open personal accounts and does not carry gifts, family support or personal transfers. We would rather say so here than at verification.
Taxes and paperwork
Keep your invoices and statements for your records and ask a local accountant how freelance income is taxed where you live.
More guides for Ghana
- Freelancer in Ghana paid from the United Kingdom
- Freelancer in Ghana paid from Canada
- How to get paid from Ghana
- Get paid in US dollars as a freelancer in Africa
- Get paid in pounds as a freelancer in Africa
- Get paid in euros as a freelancer in Africa
- Get paid in Canadian dollars as a freelancer in Africa
- Can a freelancer hold US dollars, euros, pounds or Canadian dollars?
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