July 3, 2022


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GhanaPay: Financial institution-wide cellular cash service for Ghanaians [Ultimate Guide]

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GhanaPay was launched on June 15, 2022, by the Vice President, Dr Mahamudu Bawumia, in Accra, Ghana.

Based on Veep, Ghana is the primary nation to implement a bank-wide cellular cash service.

The GhanaPay is a cellular cash service, the primary bank-wide resolution in Ghana, offering a possibility for customers to have entry to limitless banking companies along with present cellular cash companies.

The novelty platform was developed by way of collaborative efforts by the Ghana Interbank Funds and Settlement System (GhIPSS) and the Ghana Affiliation of Banks (GAB) beneath the supervision of the Financial institution of Ghana.

This groundbreaking innovation has been everywhere in the information. So the main focus of this text as a tech weblog is to stipulate in easy phrases what this new Fintech resolution is, register, and different related issues that you must know to completely maximise the chance it presents.

What’s GhanaPay?

GhanaPay is a cellular cash service supplied by common banks, rural banks, and financial savings and loans firms to people and companies. It’s like all cellular cash service, however with further banking companies designed to your monetary freedom.

Everybody with entry to a cell phone can register for a GhanaPay Pockets, with or and not using a checking account.

Advantages of utilizing GhanaPay

  • GhanaPay allows you to instantly join with a financial institution as a cellular cash consumer.
  • Customers of GhanaPay have entry to limitless banking companies along with present cellular cash companies.
  • Transfers on GhanaPay are free (solely e-levy expenses apply).

Companies of the GhanaPay App

The GhanaPay cellular app offers a number of companies for customers, together with the next:

  • Ship and obtain cash on GhanaPay, different networks, and financial institution accounts
  • Money-in and Money-out
  • Pay a GhQR service provider
  • Purchase Airtime advert Knowledge
  • Generate a Token
  • Request an announcement
  • Make a criticism or ship suggestions
  • Pay Payments
  • Worth-added companies

Learn how to register for GhanaPay?

You’ll be able to register for a GhanaPay cellular cash pockets in one among three (3) methods:


  1. Dial *707#, and comply with the immediate.
  2. Enter details about your self and choose a financial institution you want to personal a pockets with.
  3. Stroll right into a department of your chosen financial institution to validate your Ghana Card to finish registration.


You can even obtain the GhanaPay App from Google or Apple retailer and choose a financial institution you want to personal a pockets with. Enter details about your self and comply with the prompts to finish registration. You’ll obtain an SMS to substantiate your registration.

Possibility 2: BANK BRANCH

Stroll into any financial institution department of your alternative. Ask to be registered for a GhanaPay cellular cash pockets. Present your private particulars alongside together with your Ghana Card. You’ll obtain an SMS to substantiate your registration when the method is accomplished.


You’ll be able to go to specifically designated GhanaPay Brokers to register for a GhanaPay cellular cash pockets with a legitimate Ghana card, similar to in a financial institution department.

What do that you must register for a GhanaPay cellular cash pockets?

  • A registered energetic cell phone quantity
  • A sound Nationwide ID (Ghana Card)
  • Biodata (full identify, date of delivery, gender and many others.)
  • Location (GPS) Handle

What are the transaction expenses on GhanaPay?

Apart from Money-out companies, all transactions on GhanaPay are FREE. You solely pay the e-levy cost.

Are there transaction limits on GhanaPay?

Sure, there are. Transaction limits are based mostly on the data you submit about your self, and they’re at three (3) ranges – Low, Medium and Excessive. Entry your GhanaPay restrict from the GhanaPay app or by dialling the *707#.

Learn how to enhance your GhanaPay restrict?

The transaction restrict may be elevated by visiting any department of the financial institution you chose through the registration course of. ( E.g. if you happen to registered with GT Financial institution, that you must stroll into any GT Financial institution department to extend your restrict).

Will the cash in your GhanaPay pockets earn curiosity?

Sure. Curiosity can be paid on a buyer’s end-of-day steadiness. Curiosity funds can be on a quarterly foundation.

Different issues to notice about GhanaPay

  1. You might be allowed to register one cellular quantity for just one GhanaPay pockets and with one financial institution solely. You’ll be able to have a number of GhanaPay wallets you probably have a couple of cellular quantity.
  2. You should utilize any present cell phone quantity for a GhanaPay cellular pockets. To obtain cash into the cellular pockets, the sender should choose GhanaPay because the community.
  3. GhanaPay is for everybody. You don’t must have a checking account to have a GhanaPay pockets.

Learn how to contact GhanaPay

All enquires on Ghanapay must be directed to GhIPSS by way of the next contact choices:

  • 1. Name the GhanaPay toll-free quantity: 0800-000-707
  • 2. Web site: www.ghipss.web

Non-compulsory: You may additionally converse to your financial institution about GhanaPay.


The introduction of GhanaPay enhances the measures to speed up Ghana’s migration to digital funds. We encourage the banking sector to collaborate and additional discover extra pioneering methods to achieve larger effectivity within the funds
ecosystem. On this observe, let me congratulate GhIPSS and the banking business once more on the event of GhanaPay. I fervently hope that this collaborative spirit can be sustained and enhanced to maneuver the nation in direction of a profitable migration to digital funds and an environment friendly and efficient fee system.

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