GhIPSS: Archie Hesse Discusses Payment System Infrastructures in Ghana
Archie Hesse, CEO of GhIPSS (Ghana Interbank Payment and Settlement Systems Limited), talks about payment system infrastructures in Ghana.
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Archie Hesse, CEO of GhIPSS (Ghana Interbank Payment and Settlement Systems Limited), talks about payment system infrastructures in Ghana.
“BEIGE besides Banking, does Pensions, Investments, Insurance, and we also have a private equity wing that is investing actively in small sized companies in the country. Our portfolio has increased more than six fold in the past three or four years.”
“We have put a hold on the project and construction financing. That is big money and it takes a longer period of time to recoup the investment. Since last year, we have not done any project financing. The area we address now is asset acquisition. We are focusing on executive auto financing. It is in the same auto industry, but we are focusing more on financing for the corporate leaders and corporate bosses.”
“When you look at our sector, we are one of the leaders, which really confirms our vision. We want to be a very good financial institution that is among the best at addressing the financial needs of people.”
“When we started, within a year the NPL rate went down from 18% to about 14%. Then it went down to about 9% but these days it is going back up again,” notes George Ahiafor, CEO of XDSData.
“I believe we have a very large bouquet of suites and systems and products and services at GhIPSS. What we have left to do now is to increase adoption,” says Archie Hesse, the CEO of GhIPSS (Ghana Interbank Payment and Settlement Systems).
GhIPSS was set up in 2007 with a mandate to implement and manage interoperable payment system infrastructure for banks and non-bank financial institutions in Ghana.
Universal Merchant Bank believes that Ghana’s energy problem is an opportunity to provide products aimed at addressing how the energy crisis affects the every day Ghanaian.
XDSData, the country’s credit reference bureau, wants to sanitise and grow the financial sector in Ghana.
GhIPSS was set up with a mandate to implement and manage interoperable payment system infrastructure for banks and non-bank financial institutions in Ghana.