How to Open a Dollar Account in Ghana (2025 Guide)

With the rise of online business, freelancing, forex trading, and international travel, having access to a dollar account (foreign currency account) in Ghana is more important than ever. Whether you’re receiving money from abroad or saving in a stable currency like the US Dollar, a dollar account gives you more financial flexibility and protection from cedi depreciation.

If you’re wondering how to open one, this guide walks you through everything you need to know — from the requirements, banks that offer it, to why it might be the smart move.

What Is a Dollar Account?

A dollar account (also called a Foreign Exchange Account or Forex Account) is a bank account that allows you to hold and transact in US dollars rather than Ghana cedis (GHS). Some banks also allow other currencies like British Pounds (GBP) or Euros (EUR).

With a dollar account, you can:

• Receive payments from abroad (PayPal, Wise, clients, etc.)

• Save in USD to avoid currency fluctuations

• Make online payments in dollars

• Withdraw or convert USD to cedis at any time

Best Banks in Ghana That Offer Dollar Accounts

Here are some of the most reliable banks in Ghana where you can open a USD account:

1. Ecobank Ghana

2. GCB Bank

3. Absa Bank Ghana

4. Stanbic Bank

5. Access Bank Ghana

6. Zenith Bank Ghana

7. Fidelity Bank

8. GTBank Ghana

Requirements to Open a Dollar Account in Ghana

You’ll typically need the following documents:

For Personal Dollar Accounts:

• Valid national ID (Ghana Card, passport, or driver’s license)

• Proof of residence (utility bill, tenancy agreement, or GhanaPost GPS address)

• Two passport-sized photos

• TIN (Tax Identification Number)

• Minimum deposit (usually between $50–$100 depending on the bank)

For Business Dollar Accounts:

• Company registration documents (Certificate of Incorporation)

• Business TIN

• Director IDs

• Proof of business address

Note: Some banks may require you to have an existing cedi account before opening a dollar account.

How to Fund Your Dollar Account

You can fund your dollar account in any of the following ways:

• International wire transfers (SWIFT)

• Bank-to-bank transfers from another USD account

• Cash deposits in US dollars at the bank branch

• Services like Wise, Payoneer, or Western Union

Some banks even allow you to link your dollar account to Payoneer or Wise to receive payments faster.

Can You Get a Dollar Debit Card in Ghana?

Yes! Many banks offer USD debit or prepaid cards linked to your dollar account. With these cards, you can:

• Make online payments in dollars

• Withdraw USD cash at ATMs that support foreign currency

• Book flights, pay for software, or use streaming services

Examples:

• Ecobank Visa USD Prepaid Card

• Stanbic USD Mastercard

• Fidelity Foreign Currency Card

Why Ghanaians Should Consider Having a Dollar Account

1. Protects you from cedi depreciation

2. Perfect for freelancers, YouTubers, and forex traders

3. Ideal for international payments

4. Makes saving in a stable currency easier

5. Helps you receive money from abroad legally and easily

Pro Tips

• Some banks charge monthly maintenance fees — ask in advance.

• You cannot deposit cedis into a USD account.

• Always check the exchange rate before withdrawing or converting.

• If you’re using PayPal or Wise, ensure your account name matches your bank account.

Final Thoughts

Opening a dollar account in Ghana is a smart financial step — especially if you earn, save, or spend in US dollars. With just basic documents and a small deposit, you can get started at most major banks.

Whether you’re a digital entrepreneur, freelancer, or business owner, this type of account gives you greater control over your international transactions.