The Bank of Ghana has granted approval to more than 20 institutions to issue electronic money and provide payment services to the general public.

It followed the passage of the Payment Systems and Services Act, 2019 (Act 987) and the publication of the central bank's notice in June last year on Licensing Application Pack for Payment Service Providers.

A press statement from the bank listed the approved institutions, which are all private, to include Airtel Mobile Commerce Ghana Limited, operators of AirteltiGO Mobile Money, GCB Money, a subsidiary of GCB Bank, Hubtel Limited, Nsano Limited, ExpressPay Ghana Limited and Zeepay Limited.