This integrated the Ghana Interbank Payment and Settlement System (GHIPSS) with the Ghana Integrated Financial Management Information System (GIFMIS) to create a single, traceable and interoperable electronic payment system that links government to the 24 commercial banks, including ARB Apex Bank. He noted that the reform aligns with the Public Financial Management Act, 2016 (Act 921), its 2025 amendments and the Treasury Single Account framework. Acknowledging that transitioning into the fully electronic system will be gradual, Mr. Agyei assured it will be supported by training. Nonetheless, the message remains unequivocal – electronic payments are now the standard,” he added. “Every cedi that moves through the public financial system must be traceable.

Source: GhanaWeb March 28, 2026 19:53 UTC