Ghana’s payments sector will see far stricter cybersecurity regulations and oversight thanks to the GhIPSS – CEO

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Chief Executive Officer of the Ghana Interbank Payment and Settlement System (GhIPSS), Clara Arthur, says the institution is set to significantly tighten cybersecurity standards and monitoring across Ghana’s payments ecosystem as the number of participants on its network continues to expand.

Speaking during a panel discussion on “Strengthening Cybersecurity in Payments: Governance, Training, and Strategic Approaches” at the 2025 Payments Industry Cybersecurity Summit organised by the Bank of Ghana and Visa, Ms. Arthur disclosed that GhIPSS currently has close to 100 participants, including banks and mobile service providers, all of whom must strictly comply with multiple regulatory cybersecurity directives before being allowed to connect to the national payments infrastructure.

Source: newsthemegh.com