Status
Operating at scale
Data Exchange System Name
Data Exchange System
Data Exchange System link
If a RTPS exists
Yes
Vision: PSP interoperability
Yes
Digital ID System Name
GhanaCard
ID System link
Name (Payment)
GhIPSS Instant Pay,Ghana Mobile Money Interoperability (MMI),CBDC (eCedi),PAPSS (Pan African Payment and Settlement System)
URL (Payment)
Region
Africa
# of participants
2023- 52,2023- 5,Unknown
AML law
Yes
Bank participation in network
YesNoUnknown
Centralised fraud management system?
Unknown
Consumer protection law
Yes
Governor
Central bank/ Financial regulator
Instant settlement system/ platform
No
Non-bank participation in network
YesYesUnknown
Notes
Ghana has opted to enable interoperability between its different schemes rather than creating a new, centralized system (source). Together they enable P2P, P2B, G2P.
Offline transactions
Unknown
Operator
Central bankCentral bankCentral bankCommercial bank/ Private PSP
QR-based transactions
Unknown
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
UnknownUnknownUnknown
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Unknown,Unknown,Unknown
Transaction cost
Unknown,Unknown,Unknown
Transaction types
P2P
B2BP2P
P2MUnknownBusiness transactions only
Value (Year-USD)
2021- USD 2 B
Volume (Year- Volume)
2021- 37 M,2021- 4 B,Unknown