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The Ghana Interbank Payment and Settlement Systems (GhIPSS) is the Government of Ghana agency responsible for the interconnecting banks that operate in Ghana.One of the aims of GhIPSS is to link all automated teller machines and E-zwich point of sales terminal for cross usage.
gh-link is GhIPSS’ interbank switching and processing system which interconnects financial institutions and systems of third party payment service providers. gh-link is a local electronic payment ecosystem based on the domestic ATM card with channels such as ATM, POS and Web. gh-link provides the following services:
E-zwich is the national switch and smart card payment system of Ghana. [1] The system is managed by the Ghana Interbank Payment and Settlement Systems. See also. Gh-link;
PAPSS sends credit or debit settlement instruction to the Central Bank of the originator and the Central Bank of the beneficiary. The Central Banks settle the transaction in hard currency, using Afreximbank as the settlement agent. Once the cross-border net settlement is complete, the beneficiary receives the funds in their local currency. [10]
The original Bank of Ghana Ordinance (No.34) of 1957 was replaced by the Bank of Ghana Act (1963), Act 182, which was later amended by the Bank of Ghana (Amendment Act) 1965, (Act 282). Eventually, the Bank of Ghana Law, 1992 PNDCL 291, consolidated the legal framework for the bank by repealing both Acts 182 and 282. [6] [5]
Board Member, Ghana Interbank Payments and Settlement Systems—GhIPSS (August 2017 to present) [24] Board Member, Ghana Revenue Authority—GRA (August 2017 to present) [25] Board Member, Ghana Investment Promotion Center—GIPC (January 2018 to present) [26] Board Member, Ghana Data Protection Commission (January 2018 to present) [27]
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions , payment instruments such as payment cards , people, rules, procedures, standards, and technologies that make its exchange possible.
Abdulai served on various ICT-related boards and committees in Ghana, including National ICT Policy and Planning and the National Communications Authority.As of August 2017, he was the board chairman for National Information Technology Agency, [8] board member at Environmental Protection Agency, [9] board member and ICT consultant designate at the Ghana Interbank Payment and Settlement System ...