Unlocking Growth in Africa: SUNRATE Expands Collection Accounts in Ghana & More

Expanding into Africa often comes with challenges such as collection difficulties, account restrictions, and exchange rate volatility. To support businesses in strengthening their cash flow and improving connectivity with clients, SUNRATE has enhanced its collection capabilities in the region through our expanding network of licensed financial institution partners.  

Building on our existing support for collections in Nigerian Naira (NGN), we are now extending collection account services to multiple African markets—facilitating secure and efficient cross-border trade settlements. 

Why Ghana? 

Situated along the Gulf of Guinea, Ghana is emerging as a leading hub for technology and innovation in West Africa. With its abundant resources, diversified economy, and strategic coastal position, the country has developed into a key centre for shipping and logistics in the region. 

As a member of the Economic Community of West African States (ECOWAS), Ghana benefits from free access to neighbouring West African markets, while also enjoying preferential entry and tariff advantages for exports to Europe and the United States. For businesses seeking to establish a presence in West Africa and beyond, Ghana serves as an ideal launchpad. 

In response to this growing potential, SUNRATE has introduced collection accounts in Ghana, offering exporters and global traders a reliable solution that ensures both cost efficiency and transaction speed. 

Key Benefits of SUNRATE’s Ghana Collection Account 

1. Fast and Simple Account Opening

• Open an account under your business name online—zero set-up fees, zero management fees 

• Accounts can be activated instantly, so you can start collecting payments right away 

2. Local Currency Advantage

• Receive payments directly in Ghanaian Cedi (GHS), simplifying transfers for buyers and lowering transaction costs

• Direct connection to Ghana’s local clearing network ensures funds can be settled in near real-time, 24/7

• Transparent, upfront fees—no hidden charges

3. One-Stop Global Payment Solutions

• Beyond collections, access settlement, withdrawals, and supplier payments

• Global coverage across 190+ countries and regions, supporting over 130 currencies

4. Secure and Compliant Transactions

• Partnering with licensed local financial institutions to ensure every transaction is compliant, safe, and reliable

Beyond Ghana 

Following Ghana, SUNRATE will launch local collection accounts in Tanzania, Kenya, Egypt, South Africa, and Uganda—building a payment network across Africa’s high-potential markets to help businesses access opportunities seamlessly. 

Earlier this year, additional Nigerian collection accounts were introduced, offering more flexible options with near real-time settlement available 24/7. This enables companies to integrate smoothly into Africa’s business ecosystem while lowering cross-border barriers. 

Ready to Expand into West Africa? 

Looking ahead, SUNRATE will continue expanding its local collection network in Africa and other emerging markets, allowing businesses to manage funds with the efficiency and cost advantages of operating locally, backed by compliance and stability. 

Whether you are looking to optimise collections, strengthen cash flow, or scale confidently across local and global markets, partnering with a trusted global payments provider makes all the difference. To get started, open a SUNRATE account today or contact our sales team.