1 GHS to MGA - Convert Ghanaian Cedi to Malagasy Ariary

Looking at the 30-day window, the GHS/MGA pair traded in a range of 349.8881 to 372.2599. The monthly average was 361.3306 with 1.68% volatility. The relatively low volatility indicates stable trading conditions for the GHS/MGA currency pair.

The current mid-market exchange rate is 1 GHS = 376.7717 MGA, updated as of July 3, 2026, 6:27 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Ghanaian Cedi to Malagasy Ariary Exchange Rate

The GHS/MGA exchange rate tells you how many Malagasy Ariary (MGA) you receive for every Ghanaian Cedi (GHS). At the current mid-market rate of 1 GHS = 376.7717 MGA, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

How to Get the Best GHS to MGA Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

GHS/MGA for Travelers and Businesses

Whether you are traveling, sending money internationally, or managing business payments, the GHS to MGA rate directly affects your costs. Travelers should compare airport exchange counters, city center bureaux, and card-based options before converting. Businesses managing recurring cross-border payments benefit from setting up rate alerts and locking in favorable rates when they appear. The conversion table on this page helps you quickly reference common amounts.

Malagasy Ariary Overview

The Malagasy Ariary (MGA) is the official currency of Madagascar. Vanilla production (Madagascar produces 80% of the world's supply), mining, and tourism drive the economy. The MGA exchange rate against GHS reflects relative economic conditions between the two currency areas.

Reverse Rate: MGA to GHS

The reverse exchange rate is 1 MGA = 0.002654 GHS. This is useful if you are starting with Malagasy Ariary and want to know how much Ghanaian Cedi you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated MGA to GHS converter for the reverse direction.