Wikipedia

Ghana Interbank Payment and Settlement Systems

Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) is the national payment infrastructure provider in Ghana. It was established in May 2007 as a wholly owned subsidiary of the Bank of Ghana, with the mandate to implement and manage interoperable electronic payment systems for banks and non-bank financial institutions.[1][2][3]

Ghana Interbank Payment and Settlement Systems Limited
TypeSubsidiary
IndustryFinancial technology, Payment systems
FoundedMay 2007; 19 years ago (2007-05)
FounderBank of Ghana
HeadquartersRidge, Accra, Ghana
Area served
Nationwide (Ghana)
Key people
Clara Arthur (CEO)
Productse‑zwich; gh‑link; GhIPSS Instant Pay (GIP); GhanaPay; GhQR; Mobile Money Interoperability (MMI); Ghana Automated Clearing House (GACH); Cheque Codeline Clearing (CCC)
RevenueUS $20.2 million (estimated)
Number of employees
~96 (2024 estimate)
ParentBank of Ghana
Websiteghipss.net

History

edit

GhIPSS was created to modernize Ghana's payment systems infrastructure and ensure seamless interbank transactions.[4]

Payment systems and services

edit

e-zwich

edit

Ghana’s national biometric smart card system, designed to improve financial inclusion across ATMs, POS, and banks.[5][6]

Cheque Codeline Clearing (CCC) & Ghana Automated Clearing House (GACH)

edit

Enable bulk processing of cheque and direct credit/debit transactions.[7][8]

edit

A domestic interbank switch supporting ATM, POS, online payments, and 3-D secure transactions.[9][10]

GhIPSS Instant Pay (GIP)

edit

Real-time payment platform allowing users to transfer money instantly between banks and mobile wallets.[11][12]

Mobile Money Interoperability (MMI)

edit

Allows cross-network mobile money transactions and transfers between mobile wallets and bank accounts.[13][14]

GhanaPay

edit

A bank-led mobile wallet that enables inclusive access to banking services.[15][16]

Third Party Settlement Service (GTPSS)

edit

Enables interbank settlements for mobile money providers and fintech platforms.[17]

See also

edit

References

edit
  1. ↑ "Home". ghipps. Retrieved 2025-06-26.
  2. ↑ "GhIPSS – Bank of Ghana". 2025-06-26. Retrieved 2025-06-26.
  3. ↑ "ATMs and new ATM cards to bear new GHIPSS logo by 2nd quarter". business.myjoyonline.com. Archived from the original on 1 March 2012. Retrieved 2 March 2012.
  4. ↑ Admin, O. B. G. (2014-11-18). "Archie Hesse, CEO, Ghana Interbank Payment and Settlement Systems (GhIPSS): Interview - Africa 2014 - Oxford Business Group". oxfordbusinessgroup.com. Retrieved 2025-06-26.
  5. ↑ "Number of e-zwich cardholders hits 3.6m - MyJoyOnline". www.myjoyonline.com. Retrieved 2025-06-26.
  6. ↑ "Transfers from e-zwich card to mobile money wallet on the rise".
  7. ↑ "Use of electronic payment channels records 81% growth in 2020 1st half – GhIPSS – Citi Business News". citibusinessnews.com. Retrieved 2025-06-26.
  8. ↑ "Emergency Automated Clearing Starts November". Modern Ghana. Retrieved 2025-06-26.
  9. ↑ "Fidelity Bank to boost local transactions with issuance of GH-link cards - MyJoyOnline". www.myjoyonline.com. Retrieved 2025-06-26.
  10. ↑ "GhIPPS, eTranzact unveil Gh-Link EMV Card to deepen financial inclusion - MyJoyOnline". www.myjoyonline.com. Retrieved 2025-06-26.
  11. ↑ Appiah-Dolphyne, Joseph (2020-07-22). "GhIPSS Instant Pay volume up by 600% in the first half of 2020". Asaase Radio. Retrieved 2025-06-26.
  12. ↑ "GhIPSS Instant Pay – Citi Business News". citibusinessnews.com. Retrieved 2025-06-26.
  13. ↑ "Ghana is the fastest growing mobile money market in Africa - Bawumia". 2025-05-18. Retrieved 2025-06-26.
  14. ↑ "mobile money interoperability – Citi Business News". citibusinessnews.com. Retrieved 2025-06-26.
  15. ↑ Francis (2025-04-17). "GhanaPay Mobile Money now offers free Mobile Money transfers". Business and Financial Times. Accra, Ghana. Retrieved 2025-06-26.
  16. ↑ "Rural Banks adopt GhIPSS' GhanaPay platform to remain competitive". 2025-02-19. Retrieved 2025-06-26.
  17. ↑ "GhIPSS to provide switching services to rural banks". Modern Ghana. Retrieved 2025-06-26.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Ghana_Interbank_Payment_and_Settlement_Systems&oldid=1363191609"