Central Banking

BOG launches Interbank Settlement System

The central bank of Ghana (BOG) launched the Ghana Interbank Settlement (GIS) System on Thursday with the governor of the BOG calling it the most efficient inter-bank money market in the West African Sub-Region.

Source: GhanaWeb

Banking operations in Ghana received a major boost on Thursday when the Central Bank launched the Ghana Interbank Settlement (GIS) System with the objective of enforcing electronic processing and settlement of interbank transactions on gross basis in real time.

Hitherto,