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Ghana

GhIPSS Instant Pay (GIP)

Scheme name: GhIPSS Instant Pay (GIP)

IIPS Type: Bank

Instruments: Credit EFT, Debit EFT, E-money, Card

Channels: Browser, , POS, QR, USSD, ATM, Branch, Agent

Use cases: Transfers & remittances (P2P), Merchant payments (P2B), Bill payments (P2B/P2G), Fees & taxes (P2G), Social disbursements (G2P), Inventory & business services (B2B), Salaries & wages (B2P)

Inclusivity level: Progressed

Year of establishment: 2018

System owner: Bank of Ghana

Overseer: Bank of Ghana

Operator: GhIPSS

Total Participants: 52

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CategoryGhIPSS Instant Pay (GIP)
Geographic reachDomestic
Geographic descriptionGhana
Scheme governanceGhIPSS
Settlement agentBank of Ghana
Participants - commercial banks23
Participants - MMOs7
Participants - non-bank PSPs22
Participants - MFIsN/A
Volumes 2018144,000
Volumes 20191,900,000
Volumes 20206,800,000
Volumes 202121,990,000
Values 201867,609,464 USD
Values 2019437,642,274 USD
Values 20201,157,979,816 USD
Values 20212,536,822,762 USD
Interoperability arrangementThird party
Ownership modelRegulator-owned
Governance TypologyCentral bank
Messaging standardISO 20022
Types of proxy IDsmobile number
Use of open APIsNo
QR code standard Yes
Pro-poor governanceOui
CB governance involvementYes
All licensed PSPs can participate (all-to-all interoperability)Yes
RecourseYes

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