Author: Admin

Transactions on GhIPSS Instant Pay up

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by Elorm Desewu The GhIPSS Instant Pay (GIP) has recorded a significant increase in both transaction volumes and value at the end of 2023, according to data from the Bank of Ghana, (BoG). At the end of 2023, a total volume of 115,368,700 transactions were with a total value of GH¢120.10 billion compared with a total volume and value of 76,483,008 and GH¢58.70 billion, respectively, in 2022. This showed an increase of 50.84 per cent in transaction volumes and 104.61 per cent increase in transaction values. The GIS system is the Real Time Gross Settlement (RTGS) system and serves as…

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