Ghana: Electronic Payments On the Rise As GhIPSS Transactions Hit 208bn

The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has witnessed consistent growth in the value and volume of its various transactions since its inception and last year was no exception as the value of transactions increased from GH¢174 billion in 2016 to GH¢208 billion, representing a growth of 19 per cent.

This was achieved through its five platforms, including the Cheque Codeline Clearing (ccc) System, which recorded a value of transaction of GH¢179 billion, the Ghana Automated Clearing House (gach) system which recorded GH¢24.4 billion, and the e-zwich platform which recorded GH¢3.4 billion.

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