Ghana Interbank Payment and Settlement Systems
| Company type | Subsidiary |
|---|---|
| Industry | Financial technology, Payment systems |
| Founded | May 2007 |
| Founder | Bank of Ghana |
| Headquarters | Ridge, Accra, Ghana |
Area served | Nationwide (Ghana) |
Key people | Archie Hesse (CEO) |
| Products | e‑zwich; gh‑link; GhIPSS Instant Pay (GIP); GhanaPay; Mobile Money Interoperability (MMI); Ghana Automated Clearing House (GACH); Cheque Codeline Clearing (CCC) |
| Revenue | US $20.2 million (estimated) |
Number of employees | ~96 (2024 estimate) |
| Parent | Bank of Ghana |
| Website | ghipss.net |
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]
History
GhIPSS was created to modernize Ghana's payment systems infrastructure and ensure seamless interbank transactions.[4]
Payment systems and services
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)
Enable bulk processing of cheque and direct credit/debit transactions.[7][8]
A domestic interbank switch supporting ATM, POS, online payments, and 3-D secure transactions.[9][10]
GhIPSS Instant Pay (GIP)
Real-time payment platform allowing users to transfer money instantly between banks and mobile wallets.[11][12]
Mobile Money Interoperability (MMI)
Allows cross-network mobile money transactions and transfers between mobile wallets and bank accounts.[13][14]
GhanaPay
A bank-led mobile wallet that enables inclusive access to banking services.[15][16]
Third Party Settlement Service (GTPSS)
Enables interbank settlements for mobile money providers and fintech platforms.[17]
See also
References
- ^ "Home". ghipps. Retrieved 2025-06-26.
- ^ "GhIPSS – Bank of Ghana". 2025-06-26. Retrieved 2025-06-26.
- ^ "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.
- ^ 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.
- ^ "Number of e-zwich cardholders hits 3.6m - MyJoyOnline". www.myjoyonline.com. Retrieved 2025-06-26.
- ^ "Transfers from e-zwich card to mobile money wallet on the rise".
- ^ "Use of electronic payment channels records 81% growth in 2020 1st half – GhIPSS – Citi Business News". citibusinessnews.com. Retrieved 2025-06-26.
- ^ "Emergency Automated Clearing Starts November". Modern Ghana. Retrieved 2025-06-26.
- ^ "Fidelity Bank to boost local transactions with issuance of GH-link cards - MyJoyOnline". www.myjoyonline.com. Retrieved 2025-06-26.
- ^ "GhIPPS, eTranzact unveil Gh-Link EMV Card to deepen financial inclusion - MyJoyOnline". www.myjoyonline.com. Retrieved 2025-06-26.
- ^ 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.
- ^ "GhIPSS Instant Pay – Citi Business News". citibusinessnews.com. Retrieved 2025-06-26.
- ^ "Ghana is the fastest growing mobile money market in Africa - Bawumia". 2025-05-18. Retrieved 2025-06-26.
- ^ "mobile money interoperability – Citi Business News". citibusinessnews.com. Retrieved 2025-06-26.
- ^ Francis (2025-04-17). "GhanaPay Mobile Money now offers free Mobile Money transfers". The Business & Financial Times. Retrieved 2025-06-26.
- ^ "Rural Banks adopt GhIPSS' GhanaPay platform to remain competitive". 2025-02-19. Retrieved 2025-06-26.
- ^ "GhIPSS to provide switching services to rural banks". Modern Ghana. Retrieved 2025-06-26.