In recent years, cross-border remittance between the Netherlands and Ghana has seen steady growth. From Ghanaian students studying in the Netherlands to Ghanaian expatriates and small-scale personal business transactions, how to securely and cost-effectively transfer Euros to Ghanaian Cedis (GHS) is a pressing concern for many.

According to the Netherlands Authority for the Financial Markets (AFM) report published in May 2025, the Euro-to-GHS exchange rate fluctuated between €1 = GHS 13.5–14.8 during the first half of 2025. Meanwhile, issues such as high remittance fees and illegal exchange channels have drawn increasing attention from regulators and users alike.

1. Real Needs and Market Context

Since late 2024, the Bank of Ghana has been adjusting its foreign exchange control policies to stabilize the local currency. As one of Europe’s key destinations for African immigrants, the Netherlands sees large volumes of remittances flowing from Dutch-based Ghanaians to their families back home.

Additionally, academic partnerships between Ghana’s Ministry of Education and Dutch universities continue to expand, especially in engineering, medicine, and finance. This has led to rising demand for tuition, accommodation, and living expense transfers.

Under these circumstances, personal cross-border remittance with low fees and secure currency exchange is becoming a mainstream requirement.

2. The Limitations of Traditional Banking Channels

While Dutch banks such as ING and ABN AMRO offer international transfer services, several drawbacks exist:

• Complicated Procedures: Documentation like passports and student visas often required;

• High Fees: Typically €15–20 per transaction;

• Long Transfer Times: Averaging 3–5 business days;

• Non-Transparent Rates: Bank exchange rates tend to be less favorable, with hidden fees embedded in the rate.

This has driven more users toward specialized cross-border payment platforms.

3. Why Choose Panda Remit?

To meet modern user demands for fee transparency, speed, and security, Panda Remit offers an excellent service for Euro-to-GHS transfers:

• Save Fees: First transfer free for new users; regular fees are much lower than banks;

• Secure Exchange: Licensed under EU and international financial regulations, compliant with anti-money laundering policies;

• Transparent Real-Time Rates: Market rates are displayed clearly without hidden charges;

• Fastest Transfers: Funds arrive as fast as 2 minutes to Ghanaian bank accounts or popular wallet services like MTN Mobile Money;

• User-Friendly Operation: All processes completed via mobile app, no need to visit a physical bank.

According to Panda Remit’s official data from June 2025, transaction volumes from the Netherlands to Ghana have increased by 23% year-over-year, with over 300,000 active users.

4. Simple Operation Steps

1. Download the Panda Remit App;

2. Register and Complete Identity Verification;

3. Select Euro-to-Ghanaian Cedi Remittance;

4. Enter Recipient Information;

5. Confirm Exchange Rates and Fees;

6. Pay and Await Transfer Notification.

The entire process takes only 5–10 minutes, greatly improving financial efficiency.

5. Conclusion

Whether paying for study-related expenses or supporting family needs, saving fees and ensuring exchange security are now the top priorities for Euro-to-Ghanaian Cedi remittances. Choosing Panda Remit means not only saving money but also ensuring peace of mind.

Register with Panda Remit today and enjoy your first fee-free transfer.