These guidelines cover the domestic processing of payment card transactions with payment cards issued in Ghana and licensing of card processing entities. It applies to International Card Schemes, Enhanced Payment Service Providers (EPSP), among others.
For the purpose of domestic processing of payment card transactions, international card Schemes shall either incorporate a Ghanaian entity and obtain an Enhanced Payment Service Provider license or partner with any other entity designated by the Bank of Ghana as a payment system.
The objectives of the guidelines are to provide a framework for the licensing and regulation of payment cards processing, provide an enabling environment for payment card processing and usage in Ghana. This is pursuant to Section 4(e) of the Bank of Ghana Act, 2002 (Act 612) as amended and Section 101(2) of the Payment Systems and Services Act, 2019 (Act 987) to regulate the processing of payment card transactions in Ghana.
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