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Ghana
Scheme name: GhIPSS Instant Pay (GIP)
IIPS Type: Bank
Instruments: Credit EFT , Debit EFT , E-money , Card
Channels: Browser , Apps , POS , QR , USSD , ATM , Branch , Agent
Use cases: Transfers & remittances (P2P) , Merchant payments (P2B) , Bill payments (P2B/P2G) , Fees & taxes (P2G) , Social disbursements (G2P) , Business purchases (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
Volumes 2021: 21,990,000
Values 2021: 2,536,822,762 USD
Back to map| Category | GhIPSS Instant Pay (GIP) |
|---|---|
| Geographic reach | Domestic |
| Geographic description | Ghana |
| Scheme governance | GhIPSS |
| Settlement agent | Bank of Ghana |
| Participants - commercial banks | 23 |
| Participants - MMOs | 7 |
| Participants - non-bank PSPs | 22 |
| Participants - MFIs | N/A |
| Volumes 2018 | 144,000 |
| Volumes 2019 | 1,900,000 |
| Volumes 2020 | 6,800,000 |
| Volumes 2021 | 21,990,000 |
| Values 2018 | 67,609,464 USD |
| Values 2019 | 437,642,274 USD |
| Values 2020 | 1,157,979,816 USD |
| Values 2021 | 2,536,822,762 USD | Governance Typology | Central bank | Messaging standard | ISO 20022 |
| Types of proxy IDs | mobile number |
| Use of open APIs | No |
| QR code standard | Yes |
| Pro-poor governance | Oui |