Banks Purchase 400 Armoured Bullion Vans For Cash-In-Transit Activities In Compliance To Directive – BoG Governor
Commercial banks in the country have complied with the directive of the Bank of Ghana (BoG) to use armoured bullion vans for cash movement operations with the purchase of 400 armoured bullion vans.
The compliance of banks to the June 2023 directive was disclosed by the Governor, Dr Ernest Addison at the 119th Monetary Policy Committee (MPC) press briefing on Friday, July 26, 2024.
“Banks have complied with the directive to purchase armoured bullion vans for their cash movement operations, so far banks have purchased close to 400 armoured bullion vans for use,” the Governor remarked.
The Bank of Ghana last year directed all banks to deploy the use of armoured-plated bullion vans for cash movement operations.
“Failure to comply with this directive in all cash-related activities across the country shall attract severe sanctions,” the Central Bank wrote in a letter to all managing directors of banks.
The letter dated Friday, June 24, 2023, came days after a police officer was killed at Ablekuma, a suburb of Accra, by armed robbers.
The armed robbers are said to have shot the officer multiple times at close range before making away with his gun and an undisclosed amount of money.
A similar robbery led to the death of a police officer at Adedenkpo, near Jamestown, in 2021.
