|Participants in Payment Systems|
The stakeholders of Ghana’s payment system are the central bank; the commercial banks, service providers and users of the system. The central bank occupies an important and unique position in the payment system. It is an overseer, operator and a participant of the payment system. The commercial banks participate in the system by making and receiving payments on their own behalf or their customers’. The service providers are the printers of payment instruments and telecommunication companies who provide the infrastructural arrangements for the payment system. Notwithstanding the unique role of each stakeholder, all of them are users of the payment system, including the banking public.