GHANA

Volume of Payment Systems in Ghana

• E-zwich
• Direct credit
• Check cleared
• Mobile money (internet banking, digital wallets, e-checks)
• Ghana Interbank Settlement System
• Gh-link
• GhIPSS Instant Pay
• Direct debit

Country Payment Mix

• Ghana’s society is primarily cash-based, with limited adoption of payment cards due to a high unbanked population of about 54%.
• Debit cards are the preferred card payment method, mainly used for ATM cash withdrawals. However, e-money and mobile money services are gaining popularity due to their greater accessibility compared to traditional payment cards.
• The e-zwich card, a national biometric prepaid smart card, utilizes fingerprint recognition at ATMs and point-of-sale (POS) terminals across the country. Since October 2014, public sector workers have received their payments through the e-zwich card.
• Android’s Mobile Money app is the most popular mobile payment app. Almost 45% of Ghana’s population has a Mobile Money account.

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