GACH refers to the Ghana Automated Clearing House. This is the medium used to transfer funds between bank accounts. GACH can be used to handle bulk or single electronic credit and debit of funds and requires no images. There are two types of ACH transfers namely ACH Direct Credit and ACH Direct Debit.
GACH Direct and Credit and Ciredt Debit Clearing Times
| TRANSACTION TYPE | SESSION NUMBER | OPEN | CLOSE |
|
ACH Direct Credit |
SESSION 2 | 18:00 (PREVIOUS DAY) |
10:00 (NEXT DAY) |
|
ACH Direct Credit Returns |
SESSION 4 | 14:00 | 16:00 |
|
ACH Direct Debit |
SESSION 7 | 18:00 (PREVIOUS DAY) |
10:00 (NEXT DAY) |
|
ACH Direct Debit Returns |
SESSION 8 | 14:00 | 16:00 |
|
Express Direct Credit |
SESSION 12 | 11:00 | 12:00 |
|
Express Direct Credit Returns |
SESSION 13 | 13:00 | 14:00 |