Ghana Interbank Payment and Settlement System Limited (GhIPSS), a subsidiary of the Bank of Ghana and the payment infrastructure provider in Ghana, recently appointed Clara B. Arthur as its new CEO, replacing Archie Hesse, who had served as CEO for over 17 years. Arthur’s appointment will take effect from September 1, 2025.
Arthur, who has a BA in Law and History from the Kwame Nkrumah University of Science and Technology and an MSc in Finance and Administration from the Thames Valley University, also boasts over two decades of experience in financial services and technology. She has worked in several financial institutions, including Ecobank, where she served as Head of ATM and Card Technology, and Fidelity Bank, where she was the Head of E-banking.
She also worked as a Digital Financial Services Consultant at the Consultative Group to Assist the Poor (CGAP) and a Remittance Expert for the United Nations Capital Development Fund (UNCDF).
Arthur first joined GhIPSS in 2015 as the General Manager, Business Development, where she spearheaded the development and implementation of several financial technology solutions until her exit in 2020.
“I am honoured to step into this role at this pivotal time. It is more of a return for me, and I look forward to working alongside this talented team to continue the legacy of GhIPSS,” Arthur said in a statement.
The Bank of Ghana also expressed confidence in Arthur’s ability to steer GhIPSS in the right direction and into a new era of growth.
“We are confident that Mrs. Arthur will bring a fresh perspective and strategic vision to GhIPSS and will help lead the institution into the next phase of growth and success,” said Dr. Johnson Asiama, Governor of the Bank of Ghana and GhIPSS Board Chairman.
In her new role, Arthur will manage the infrastructure supporting Ghana’s interoperable payment system amid a push for more digital solutions, better regulatory compliance, and increased partnerships across the banking sector.
GhIPSS was established in 2007 and is fully owned by the Bank of Ghana. Its mandate is to manage electronic payments for all financial institutions in Ghana, ensuring that financial institutions and their systems can communicate with one another and facilitate seamless electronic payments. It is also the institution behind Ghana’s national instant payment system, GhIPSS Instant Pay (GIP).
