GhIPSS

News & Events

  • Value of GhIPSS transactions hits GH¢ 174.5bn

    Value of GhIPSS transactions hits GH¢ 174.5bn

    The Ghana Interbank Payment and Settlement Systems Ltd (GhIPSS) has witnessed consistent growth in the value and volume of its various initiatives, since it was formed almost a decade ago. From a total value of transaction of only 3.8 million Ghana cedis... read more»

    Source: thebftonline.com Date:24th February, 2017 Tag: News
  • e-zwich patronage grew by 140% in 2016

    E-zwich patronage grew by 140% in 2016

    The use of the biometric smart card, e-zwich, experienced exponential growth last year after series of mechanisms were put in place to drive usage. The volume of transactions within the period recorded an impressive growth of 138.3% over the performance... read more»

    Source:Citifmonline.com Date: 21st February , 2017 Tag: News
  • Foreign remittance to bank accounts and e-zwich cards now a reality in Ghana

    Foreign remittance to bank accounts and e-zwich cards now a reality in Ghana

    Recipients of foreign remittance can now opt to have the money paid directly to their bank account, following a collaboration between Unity Link remittance company and Ghana Interbank Payment and Settlement Systems (GhIPSS). This collaboration also enables... read more»

    Source: GNA Date: 5th December, 2016 Tag: News
  • Six government programmes use e-zwich for transparency

    Six government programmes use e-zwich for transparency

    Some six government social interventions and programmes have since June adopted e-zwich as the mode of paying beneficiaries. Consequently, a total more than GH¢218 million were paid through e-zwich for these six programmes to more than 564,000 individuals... read more»

    Source: GNA Date: 31st October, 2016 Tag: News
  • Patronage for Express Clearing of cheques up 80 per cent

    Banks need standards to deepen fight against electronic fraudsters

    The Chief Executive Officer of Ghana Interbank Payment and Settlement System (GhIPSS), Mr Archie Hesse, has stressed the need for all banks and international institutions as well as merchants to achieve global best practice standards. Some of these global... read more»

    Source: Daily Graphic Date: 23rd July, 2016 Tag: News
  • Patronage for Express Clearing of cheques up 80 per cent

    Patronage for Express Clearing of cheques up 80 per cent

    Patronage of people opting for express clearing of cheques has gone up by almost 80 per cent (79.26 per cent) in the first half of the year compared to the same period last year Patronage of people opting for express clearing of cheques has gone up by almost... read more»

    Source: GNA Date: 25th July, 2016 Tag: News
  • LEAP Secretariat to make 43rd Cycle payments in August

    LEAP Secretariat to make 43rd Cycle payments in August

    The Livelihood Empowerment Against Poverty (LEAP) Programme, will commence its 43rd payment cycle from 1st to 5th August, 2016. A total of 147,881 beneficiary households in 187 districts will be paid their LEAP grants, a statement from the LEAP Secretariat... read more»

    Source: myjoyonline.com Date: 27th July, 2016 Tag: News
  • GhIPSS to host Instant Pay User engagement

    GhIPSS to host Instant Pay User engagement

    The Ghana Interbank Payment and Settlement Systems (GhIPSS) will on Thursday have a breakfast meeting with banks and businesses to discuss the relevance of its latest initiative, the Instant Pay (GIP). The event is to create a platform for GhIPSS to interact... read more»

    Source: GNA Date: 1st August, 2016 Tag: News
  • e-zwich helps flush out 35,000 ghost names from payroll ...saves Gov't GH¢146m

    e-zwich helps flush out 35,000 ghost names from payroll ...saves Gov't GH¢146m

    The implementation of the e-zwich payment system last year by the Ghana National Service Scheme has saved the country GH¢146million as the system was able to flush out over 35,000 ghost names from its payroll. This was disclosed in an... read more»

    Source: BFT Date: 21st April, 2016 Tag: News
  • Government urged to use e-zwich platform for salaries

    Government urged to use e-zwich platform for salaries

    Government could save much money if it takes the bold step to pay workers on its payroll via the e-zwich platform, Mr. Archie Hesse, CEO of the Ghana Interbank Payment and Settlement System (GhIPSS) has said. He said the biometric features of the e-zwich... read more»

    Source: Ghana News Agency Date: 20 April, 2016 Tag: News
  • Domestic debit cards to bear gh-link logo

    GhIPSS to drive e-bills payment this year

    As part of efforts to inform the public about the wide access that gh-link provides for bank customers all domestic cards being issued by the banks are now expected to bear the gh-link logo. Domestic cards are those issued locally and do not carry... read more»

    Source: Ghana News Agency Date: 22nd February, 2016 Tag: News
  • GhIPSS to drive e-bills payment this year

    GhIPSS to drive e-bills payment this year

    The Ghana Interbank Payment and Settlement Systems (GhIPSS) has outlined e-bills payment as one key areas it will be considering for this year. This means GhIPSS will undertake a number of activities to encourage the payment of bills through the various... read more»

    Source: Ghana News Agency Date: 22nd February, 2016 Tag: News
  • Banks urged to adopt Direct Debit payment system

    Banks urged to adopt Direct Debit payment system

    Dr. Henry Kofi Wampah, Governor of the Bank of Ghana, has urged banks to adopt the Direct Debit payment system for the payment and collection of cash. He said the country was making a steady stride in its quest to make the Ghanaian economy a cash-lite... read more»

    Source: Ghana News Agency Date: 16th February, 2016 Tag: News
  • Cheques still leading mode of payment

    Cheques still leading mode of payment

    Payment through cheques remain the most widely used medium of exchange and mode of payment in the country, a report by the automated clearing house facilitator, has indicated. A 2015 report compiled by the Ghana Interbank payment and settlement Systems... read more»

    Source: Graphic Business Date: 27th January, 2016 Tag: News
  • Leap beneficiaries enrolled on e-zwich platform

    Leap beneficiaries enrolled on e-zwich platform

    The enrollment, which began last week in some nine districts in five regions, follows a contract signed between the Ministry of Gender, Children and Social Protection, which supervises the LEAP Programme and the Ghana Interbank Payment and Settlement... read more»

    Source: GNA Date: 26th January, 2016 Tag: News
  • Government extends LEAP payment on e-zwich to 185 districts

    GhIPSS to deploy more Point of Sales devices

    The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) says it is in the process of acquiring more Point of Sales devices (Pos) to further promote and encourage the use of the e-zwich card for transactions. The move is to help reduce the... read more»

    Source: GNA Date: January 2016 Tag: News
  • E-zwich transactions near GH¢1 billion - GhIPSS

    E-zwich transactions near GH¢1 billion - GhIPSS

    The total value of transactions recorded on the e-zwich platform last year reached ¢922.3million, a more than 238 percent increment on the 2014 transaction value of ¢272.7 million, the Ghana Interbank Payment and Settlement Systems (GhIPSS)... read more»

    Source: BFT Date: January 2016 Tag: News
  • Government extends LEAP payment on e-zwich to 185 districts

    Government extends LEAP payment on e-zwich to 185 districts

    Beneficiaries of the Livelihood Empowerment Against Poverty Programme (LEAP) in 185 districts in the country will now receive their monies electronically on their e-zwich cards. This follows a two year agreement signed between the Ministry of Gender,... read more»

    Source: BFT Date: November 2015 Tag: News
  • 10 billion Ghana cedis of interbank transfers through ACH Direct Credit in 2015

    10 billion Ghana cedis of interbank transfers through ACH Direct Credit in 2015

    About 10.3 billion cedis worth of interbank payments were done through ACH Direct Credit from January to October this year, according to data from the Ghana Interbank Payment and Settlement Systems (GhIPSS). This represents about 34.7 percent increase... read more»

    Source: BFT Date: November 2015 Tag: News
  • Paying school feeding caterers on e-zwich begins

    Paying school feeding caterers on e-zwich begins

    Government, in financing the Ghana School Feeding Programme, has started paying caterers though e-zwich. This is to ensure transparency and dispatch in the payment of service providers. It will also ensure a proper audit trail and cut back on the human... read more»

    Source: BFT Date: October 2015 Tag: News
  • Construction firms urged to pay workers with e-zwich

    Construction firms urged to pay workers with e-zwich

    Construction firms are being encouraged to explore the option of using e-zwich to pay their workers. This is to reduce the time and cost incurred in paying them, particularly when they are located at different project sites. Construction... read more»

    Source: BFT Date: September 2015 Tag: News
  • GhIPSS launches two payment services

    GhIPSS launches two payment services

    Ghana Interbank Payment and Settlement Systems (GhIPSS) on Wednesday launched two major payment services the gh-link e-Commerce and the GhIPSS Instant Pay. The gh-link e-Commerce would provide the platform for local businesses both in commerce and service... read more»

    Source: GhIPSS Date: August 2015 Tag: News
  • GhIPSS proposes e-zwich to fight payroll fraud

    GhIPSS proposes e-zwich to fight payroll fraud

    The Controller and Accountant-General´s Department (CAGD) must take the lead in the adoption of the e-zwich payment system for public sector workers if it is to eradicate the rising incidence of payroll fraud, Archie Hesse, Chief Executive Officer... read more»

    Source: GNA Date: April 2015 Tag: News
  • GhIPSS declares NSS payroll 90% clean

    GhIPSS declares NSS payroll 90% clean

    The Ghana Interbank Payment and Settlement Systems (GhIPSS) is confident the payroll of national service personnel is now almost clear of ´ghost-names´ three months into payment of service allowances through the e-zwich payment platform.... read more»

    Source: GNA Date: March 2015 Tag: News
  • Unpaid service allowance due to record errors

    Unpaid service allowance due to record errors

    The National Service Secretariat has cited errors such as incomplete records and duplicated NSS or e-zwich numbers as the circumstances surrounding the unpaid monthly allowances of some service personnel. According to the Secretariat, 529 service personnel... read more»

    Source: GNA Date: March 2015 Tag: News
  • GhIPSS wants Policy to curb cash Usage

    GhIPSS wants Policy to curb cash Usage

    The Ghana Interbank Payment and Settlement Systems (GhIPSS) is calling for a policy that discourages cash-based transactions as the country seeks to promote a cashless economy. Over 80 percent of businesses in the country are micro-, small- and medium-scale... read more»

    Source: GNA Date: February 2015 Tag: News
  • ESICH Life Assurance adopts e-zwich to collect premium

    ESICH Life Assurance adopts e-zwich to collect premium

    ESICH Life Assurance is using e-zwich as one of its mode of collecting premiums from its customers. The move is to create more convenience for customers and make collection of premiums less cumbersome. ESICH Life began the process with a pilot in June... read more»

    Source: GNA Date: February 2015 Tag: News
  • Civil servants to be paid via biometric e-zwich next year

    Civil servants to be paid via biometric e-zwich next year

    The Controller and Accountant- General´s Department is expected to commence the payment of all civil servants by a biometric E-zwich platform in 2015. This follows an on-going pilot program to gradually ensure public sector workers are paid via... read more»

    Source: GNA Date: January 2015 Tag: News
  • Cheques transactions shoot up to GH¢73 billion

    Cheques transactions shoot up to GH¢73 billion

    The value of transactions in the economy conducted through the use of normal cheques went up by 32.39 per cent from GH¢73 billion in 2013 to GH¢96.81 billion in 2014. This indicates a deepening move from cash-based transactions to a cashless... read more»

    Source: GNA Date: February 2015 Tag: News
  • GhIPSS introduces hybrid point of sale device

    GhIPSS introduces hybrid point of sale device

    The Chief Executive Officer of the Ghana Interbank Payment and Settlement Systems limited (GhIPSS), Mr Archie Hesse, has said his outfit has come out with a hybrid point of sale (PoS) device that can accept both e-zwich card and note that local cards.... read more»

    Source: GNA Date: February 2015 Tag: News
  • NSS receives e-zwich devices for payment of allowances

    NSS receives e-zwich devices for payment of allowances

    The National Service Scheme (NSS), has taken delivery of 230 Point of Sale Terminal e-zwich device to facilitate payment of allowances to service persons expected to forestall future irregularities associated with the current system. The Ghana Interbank... read more»

    Source: GNA Date: December 2014 Tag: News
  • GhIPSS to introduce instant Interbank payment system

    GhIPSS to introduce instant Interbank payment system

    Paying a third party through the banking system will be a lot faster with the planned introduction of an instant payment system this year. The electronic payment system will enable money transferred from one account to another to be credited to the... read more»

    Source: GNA Date: November 2014 Tag: News
  • Change in Mode of Payment of Allowances to National Service Personnel

    Change in Mode of Payment of Allowances to National Service Personnel

    Accra, Ghana - Thursday 27th November 2014: The National Service Scheme (NSS) has announced a change in the mode of payment of allowances to national service personnel. This follows series of collaborative consultations between the management of NSS,... read more»

    Source: Graphiconline.com Date: Thursday, 27th November 2014 Tag: News
  • Current News & Events
    • new
      Value of GhIPSS transactions hits GH 174.5bn
      The Ghana Interbank Payment and Settlement Systems Ltd (GhIPSS) has witnessed consistent growth in the value.... read more»
    • new
      E-zwich patronage grew by 140% in 2016
      The use of the biometric smart card, e-zwich, experienced exponential growth last year after series of mechanisms... read more»
    • new
      Foreign remittance to bank accounts and e-zwich cards now a reality in Ghana
      Recipients of foreign remittance can now opt to have the money paid directly to their bank account.... read more»
    • new
      Six government programmes use e-zwich for transparency
      Some six government social interventions and programmes have since June adopted e-zwich.... read more»
    • new
      Banks need standards to deepen fight against electronic fraudsters
      The Chief Executive Officer of Ghana Interbank Payment and Settlement System (GhIPSS) ... read more»
    • new
      Patronage for Express Clearing of cheques up 80 per cent
      Patronage of people opting for express clearing of cheques has gone up by almost 80 per cent ... read more»
    • new
      LEAP Secretariat to make 43rd Cycle payments in August
      The Livelihood Empowerment Against Poverty (LEAP) Programme, will commence its... read more»
    • new
      GhIPSS to host Instant Pay User engagement
      The Ghana Interbank Payment and Settlement Systems (GhIPSS) will on Thursday ... read more»

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