The Ghana Interbank Payment and Settlement System (GhIPSS) has officially introduced the ‘gh-link’, an interbank switching and processing system that enables the country’s banks to share each other’s Automated Teller Machines (ATMs).

Officials of GhIPSS say the newly launched gh-link is planned to interconnect the switches of financial institutions and systems of third party institutions to enable them utilise a common platform for interbank transactions in an effective and efficient manner.

So far, about 13 banks have reconfigured their systems.

Banks that stand to benefit from this technology include the likes of Ghana Commercial Bank, Standard Chartered Bank, Agriculture Development Bank and Zenith Bank.