Two names for one currency
If you have ever been told that you need to pay in RMB when you thought you were paying in Yuan, you have not been misled — you have met the fact that the Chinese currency carries two names. RMB stands for renminbi, which translates roughly as "people's currency". Yuan is the name of the unit you count in, like pound or dollar.
In everyday conversation the two are used interchangeably. Saying one thousand RMB and one thousand Yuan describes the same amount of the same money. The distinction people occasionally draw is technical rather than practical, and it changes nothing about a payment you make from Ghana.
What CNY means on a statement
CNY is the international currency code for the Chinese Yuan, in the same family as GHS for the Ghana Cedi or USD for the US dollar. When you see CNY on a supplier invoice, a bank statement or a payment platform, it means the same currency people describe as RMB or Yuan.
One more term occasionally appears: CNH. This refers to the renminbi traded offshore rather than onshore. For an ordinary payment from Ghana, the difference has no practical effect — you are dealing with an amount denominated in the Chinese currency, quoted to you at the ELITE RMB rate.
Why this matters when you send money
The terminology is worth understanding because invoices and supplier messages use the three terms interchangeably, and a mismatch between what you were asked for and what you entered causes avoidable delay. If a supplier asks for CNY and your transaction asks for an RMB amount, you are being asked for the same thing.
The part that genuinely affects your payment is not the name of the currency but the destination: which account in China is receiving the money, and whether it is a bank account, an Alipay account or a WeChat Pay account. That is what determines whether the payment lands where your supplier can use it.
How ELITE RMB uses these terms
ELITE RMB quotes rates in Ghana Cedis per RMB and accepts the terms RMB, Chinese Yuan and CNY interchangeably, because they describe one currency. Whichever word your supplier used, you are converting into the same thing.