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The short answer
Agree a fixed naira amount with your parents, send it on a set date a day or two after your Ghana payday into an account in their own name, and use the same provider each month so you know the fee and can compare the cedi-naira rate. A naira amount keeps their budget steady; the cedi cost to you moves with the exchange rate, so build a small buffer into your own budget.
Decide the amount in naira
Parents budget in naira: food, drugs, electricity, transport. If you send a fixed cedi amount, what arrives changes every month with the exchange rate. Agree a naira figure that covers their regular costs, and treat one-off needs (hospital, repairs, ceremonies) separately so the allowance stays predictable.
A simple budget to agree
| Item (example) | Monthly naira |
|---|---|
| Food and market | ₦120,000 |
| Electricity tokens and cooking gas | ₦40,000 |
| Drugs and clinic visits | ₦30,000 |
| Transport and phone | ₦25,000 |
| Buffer | ₦15,000 |
| Total | ₦230,000 |
These are example figures for a conversation with your parents, not prices. Their real costs depend on the city and their health.
Time it around your payday
Send a day or two after your salary lands in Ghana, not on payday itself, so a late salary does not leave you short. Tell your parents the date it will usually arrive and stick to it. If a public holiday falls in either country, send a day earlier.
Money paid into a Nigerian bank account moves on NIBSS Instant Payment, which NIBSS describes as real-time, with a name enquiry so the account name shows before you send. The time it takes overall depends mostly on your provider's Ghana-to-Nigeria leg. Check the delivery time it shows, and if a transfer is late, see delayed transfers from Ghana.
Keep the cost predictable
- Use one provider for a few months, note the fee and the naira amount you get for your cedis, and compare at least once a quarter. See the cedi-naira margin explained.
- Send one transfer a month rather than several small ones, so you pay one fee. On the Nigerian side, transfers of ₦10,000 or more carry a ₦50 stamp duty deducted from the sender from 1 January 2026 (Techeconomy).
- If you are paid partly in dollars, compare converting dollars to naira with converting cedis; the better route changes.
Worked example (illustration only)
Example: the allowance is ₦230,000. In month one your provider gives ₦100 per cedi with a GH₵20 fee, so it costs you GH₵2,300 + GH₵20 = GH₵2,320. In month two the rate is ₦95, so it costs about GH₵2,421 + GH₵20 = GH₵2,441, GH₵121 more for the same naira. A buffer of about 5% in your own budget absorbs most monthly moves. Rates are invented for the arithmetic.
Send to their account, not cash
Pay into an account in your parent's own name. Cash pickup is slower for older parents and, under the CBN's 2026 foreign exchange manual as reported by TheCable on 3 June 2026, cash withdrawal of inbound money-transfer funds is capped at the naira equivalent of US$200. If your parent does not have a bank account, help them open one or use a sibling's account with clear agreement; see the bank details a sender needs.
Paying bills directly instead
Some families split the allowance: part as cash in the parent's account for daily spending, and part paid straight to the electricity meter, a pharmacy or a landlord. Paying a bill directly means the money is used for what it was meant for and gives you a receipt. It also suits parents who find app banking difficult. For how this works across bills, see paying bills in Nigeria for family from abroad.
Review the amount every six months with your parents. Prices for food, drugs and transport change, and a figure set in January may not cover July.
Sharing it with siblings
If brothers and sisters in Ghana, Nigeria or elsewhere share the allowance, agree each person's share and date in writing, even in a family WhatsApp message. One person sending the full amount and being repaid is simpler for parents than three transfers arriving on different days.
Where Pryme fits
A Pryme Personal Account opened from Ghana holds naira with dollars, pounds and euros. You can send naira to your parents' account each month; the app shows the rate and the fee before you approve. Your Personal Assistant can prepare the monthly transfer and remind you on the day; nothing moves until you approve it. A naira Savings Box can hold a reserve for their one-off costs.
Questions people ask
How do I send a monthly allowance to my parents in Nigeria from Ghana?
Agree a naira amount, send it to their own account on a fixed date after your payday, and use one provider so the fee and rate are easy to compare.
Should I send a fixed cedi or naira amount?
A fixed naira amount keeps your parents' budget steady. Your cedi cost will move with the exchange rate.
Is there a charge in Nigeria on money I send my parents?
From 1 January 2026, a ₦50 stamp duty applies to electronic transfers of ₦10,000 or more, deducted from the sender, per Techeconomy.
Can my parents collect the allowance in cash?
Cash withdrawal of inbound transfer funds is capped at the naira equivalent of US$200 under the CBN's 2026 FX manual, per TheCable, so a bank account is better.
Sources
- NIBSS: NIBSS Instant Payment (NIP) · accessed Oct 2026
- Techeconomy: Stamp duty replaces EMTL, sender to bear ₦50 charge (1 Jan 2026) · accessed Oct 2026
- TheCable: CBN foreign exchange manual 2026 (3 Jun 2026) · accessed Oct 2026
This article is general information, not financial, legal or tax advice. Products described are provided under the terms on this site and are subject to regulation and eligibility.