Ghanaians are no longer using real-time electronic transfers just for small, everyday payments. New data from the Bank of Ghana reveals that GhIPSS Instant Pay (GIP) is increasingly being used to send much larger amounts of money between bank accounts and mobile wallets.
GhIPSS Instant Pay (GIP) is a real-time national payment service operated by the Ghana Interbank Payment and Settlement Systems. It allows individuals and businesses to send funds instantly from one financial institution to another across mobile apps, internet banking, USSD codes, and ATMs, ensuring money lands in the recipient’s account within seconds.
Between June 2025 and June 2026, the total number of transactions processed through GIP grew by 33.8%, rising from 14.42 million to 19.30 million.
However, the total value of those payments grew at more than double that rate. Money transferred via the platform surged by 71.0%, jumping from GH¢49.32 billion in June 2025 to GH¢84.36 billion in June 2026.
Because the growth in total money sent far outpaced the rise in transaction volume, the data clearly shows a major shift: users are moving significantly higher amounts per transfer on the platform.
The Math Behind the Shift
A deeper analysis of the figures highlights the extent to which the average transfer value has increased within a single year. In June 2025, the average transfer on the platform stood at approximately GH¢3,420. By June 2026, that average transfer climbed sharply to approximately GH¢4,371. This means that within 12 months, the average amount sent in a single GIP transaction rose by nearly GH¢1,000, representing a 27.8% jump per transfer.
What Is Driving the High-Value Trend?
Financial experts point to a growing trust in digital payment systems among both individual consumers and corporate businesses across the country.
In the past, real-time instant transfers were mainly used for small peer-to-peer payments or quick emergency transfers. Today, small and medium-sized enterprises (SMEs), corporate organizations, and institutions are routinely relying on instant pay rails for critical business operations.
More companies are using instant interbank transfers to pay supplier invoices, clear trade balances, and disburse staff salaries instantly rather than using slower paper checks. Because funds land instantly in the recipient’s account, businesses can complete deals and release goods on the spot without waiting days for funds to clear. Higher transaction limits alongside tax policy adjustments have also encouraged businesses to move larger operational sums through official bank-to-bank and wallet-to-bank digital channels.
Looking Ahead
Handling GH¢84.36 billion in a single month cements GhIPSS Instant Pay as a central pillar of Ghana’s modern financial infrastructure.
The migration of individuals and businesses from cash and physical cheques to digital payment channels has accelerated the platform’s value growth, reinforcing the role of digital payments as a central pillar of major commercial transactions in Ghana.
