Introduction

General Introduction to be added here

Payment Systems

Payment System NameSystem TypeCurrencyClearing TypeSettlement TypeOperating ModelOperatorRegulator                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
Cheque Codeline Clearing (CCC)Paper Instruments
GHSGhana Cedi
DeferredMulti-lateral Netting0
GhIPSSOperator Type:3rd Party
Bank of GhanaRegulator Type:Central Bank
Ghana Interbank Settlement System (GIS)RTGS
GHSGhana Cedi
Real-TimeGross0
Bank of GhanaOperator Type:Central Bank
Bank of GhanaRegulator Type:Central Bank
Ghana Automated Clearing HouseACH
GHSGhana Cedi
DeferredMulti-lateral Netting0
GhIPSSOperator Type:3rd Party
Bank of GhanaRegulator Type:Central Bank
GhIPSS Instant Pay (GIP)Immediate Payments
GHSGhana Cedi
Real-timeMulti-lateral Netting0
GhIPSSOperator Type:3rd Party
Bank of GhanaRegulator Type:Central Bank
Gh-LinkCard Network
GHSGhana Cedi
DeferredMulti-lateral Netting0
GhIPSSOperator Type:3rd Party
Bank of GhanaRegulator Type:Central Bank
e-zwichCard Network
GHSGhana Cedi
DeferredMulti-lateral Netting0
GhIPSSOperator Type:3rd Party
Bank of GhanaRegulator Type:Central Bank

Snapshot

CurrencyGhanaian Cedi (GHS)
Economic Bloc
Banking RegulatorBank of Ghana
Payment Systems RegulatorBank of Ghana
Capital Markets Regulator
System OperatorsBank of Ghana
Participants
RegulationsPayment Systems and Services Act, 2019
Bank IdentifiersBIC Codes
Sort Codes – 6 digit

Evolution of Payment Systems

2010

Cheque Truncation Introduced

Late 1990s

RBI sets up IDRBT in Hyderabad for electronic payments and banking research and development


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