Coronavirus: GhIPSS Grants Waiver On All Electronic Payments

The Ghana Interbank Payment and Settlement Systems Limited (GhIPSS) has taken away charges on all electronic payments services used by its partner financial service providers effective March 23, 2020.

This forms part of measures put in place to motivate the public to use digital payment alternatives to reduce the possible spread of the Coronavirus through the usage of cash.


A statement addressed by GhIPSS emphasized that this is “pursuant to the measures outlined by the Central bank of Ghana, as part of efforts to contain the impact of the COVID-19 pandemic on the Ghanaian economy and also to promote the use of electronic payment services.”

Additionally, the statement said, “For customers who do business through Mobile Money Interoperability (MMI), all cross wallet transactions shall not attract any fee from GhIPSS. For GhIPSS Instant Pay (GIP), Banks & Fintechs offering Instant Pay services to their respective customers shall also not pay any service charge to GhIPSS. And for banks leveraging the ACH Direct Credit platform for bulk payments such as salaries; on behalf of their corporate Institutions shall also not incur any service charge from GhIPSS.”

The company also encouraged all partner banks, Fintechs and Mobile Money Service Providers to make these services accessible to clients on their various digital and mobile payment platforms (mobile app, internet banking, USSD, etc.)

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The government and other businesses have been hammering on safety precautions to stop the spread of the novel Coronavirus.


The Bank of Ghana declared that charges will not apply to electronic money transfers of up to GHC100 effective March 20, 2020.

“All mobile money users can send up to GH₵100 for free (excluding cash out). This includes sending to a recipient on the same network, or another network via the interoperability platform.”

Stanbic Bank for example in a message advised its clients to ensure they have less contact with banknotes while encouraging the use of digital channels

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