GhIPSS hosts Kenya Central Bank delegation on study tour of Ghana payment systems  

The Ghana Interbank Payment and Settlement Systems Ltd (GhIPSS) hosted a delegation from the Central Bank of Kenya.

This seven-member team visited Ghana from March 17 to 21, 2025. They aimed to learn how Ghana modernized its payment systems. The delegation was led by Mr. Gerald Nyaoma, Deputy Governor of the Central Bank of Kenya.

During their visit, they spent time at the Bank of Ghana and GhIPSS. They explored innovations that transformed electronic payments in Ghana. Under Mr. Archie Hesse's leadership, GhIPSS launched multiple electronic payment systems.

These systems have reduced reliance on cash transactions in Ghana. Key innovations include Near Real Time Payments and Mobile Money Interoperability (MMI). Other services like GhQr and GhanaPay have enhanced convenience and financial inclusion.

As part of the study tour, GhIPSS shared insights on several topics. They discussed Ghana’s interoperability journey and operations of the Instant Payment System. Governance and ownership of instant payment platforms were also covered.

The discussions highlighted key factors driving success in Ghana’s payment system. Kenya is known for mobile money platforms like M-Pesa but seeks diversification in payment options.

Ghana's advancements in payment interoperability provide valuable lessons for Kenya. This allows seamless transactions across different networks and institutions.

The visit allowed both nations to exchange ideas on improving their payment ecosystems. Knowledge sharing between Ghana and Kenya can benefit both countries significantly.

Enhanced payment systems promote financial inclusion, economic growth, and digital innovation. By adopting best practices from Ghana, Kenya can improve its payment platforms' reach and efficiency.

Mr. Archie Hesse, CEO of GhIPSS, expressed excitement about hosting the Kenyan delegation. He emphasized the importance of collaboration between the two countries.

This partnership offers a chance to build robust and interoperable payment ecosystems for their populations' needs. Shared knowledge will influence future policies and innovations in Africa’s financial sector transformation.

Source: GNA