• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

BoG to provide bullion vans, helicopters for safe transport of cash

5 years ago
in Banking & Finance, Business, highlights, Home, latest News
2 min read
0 0
0
392
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Governor of the Bank of Ghana, Dr. Ernest Addison, has assured that discussions are far advanced for the central bank to provide some of its fleet of bullion vans coupled with getting helicopters from the air force to ensure the safe transportation of cash across the country.

His comments come on the back of an attack, in broad day light, on a bullion van at Manso Mem in the Amansie West District of the Ashanti Region some few weeks ago, with the armed robbers absconding with a reported two large metal cases containing cash, and further killing the cashier in the process.

It is against this background that many are calling for the use of bullet-proof vans to transport cash to protect both the transporters and the cash from armed robbers.

Asked by the B&FT in a press conference in Accra yesterday on what the regulator is doing to improve security in transporting cash across the country, Dr. Addison said the central bank wants to make available its secured bullion vans, together with a collaboration with the air force to air-lift cash to address such security issues.

“This [the recent attack on bullion vans] is about the third or so incidence we have heard quite recently. Most of the banks use pickup trucks and convert them into bullion vans. The Bank of Ghana has taken it seriously so we have held a meeting with the banks to decide on the way forward. At least, we have quite a fleet of bullion vans and we are asking them to see how we can collaborate to ensure a more secure way of transferring money to parts of the country,” he said.

A bullion Van attacked at Manso Mem in the Amansie West District of the Ashanti Region

“I have also met with the Air Marshal and he has offered to assist the bank with lifting currency around the country with some of the aircrafts they have. So there is a lot of work going on to improve the security of carrying cash around the country,” he added.

Concerns have been raised about the types of cars banks in the country are using as bullion vans, especially following the recent incidence in the Ashanti Region.

RelatedPosts

Foreign Capital Inflows Into Banking Sector Hit Five-Year High in 2024

Electricity is Getting Cheaper Across Africa

Summary of Events Following Confirmation of Deaths of Defence and Environment Ministers, Six Others in Military Helicopter Crash

Most banks have resorted to using pick up trucks and converting their buckets to vaults for storing cash, with one or two police men accompanying the trucks as they move across the country to distribute cash to various branches, a practice that has proven to be unsafe as the trucks are vulnerable to attacks.

Police say they are investigating the Manso Mem case and has thus deployed its intelligence to gather credible information to uncover the circumstances of the crime and get the culprits apprehended and also possibly retrieve the two service AK-47 rifles belonging to the police which were stolen by the robbers.

In May this year, four armed robbers attacked a bullion van belonging to Absa Bank at Mmaampehia, near Techiman in the Bono East Region, taking away over GH¢600,000. In December 2019, another bullion van belonging to ADB Bank was attacked at Sefwi Asempanye.

Tags: BOGbullion vanscash transportDr Ernest Addisonhelicopters
No Result
View All Result

Highlights

FDI Rises to 3-Year High as Reforms Boost Investor Confidence

Togo is Flexing its Unrivaled Maritime Power

Parliament Expresses Grief Over Death of Ministers, MP and 6 Others in Military Helicopter Crash

GSE Composite Index Up 46.51% YTD as Market Capitalization Hits GHS 147.91 Billion

Global Financial Bias Costs Africa $75 Billion Annually

GFA President.Set to Visit Gold Stars, Asante Kotoko, and Police Ladies to Strengthen CAF Campaigns

Trending

Features

Foreign Capital Inflows Into Banking Sector Hit Five-Year High in 2024

August 7, 2025

Foreign Capital Inflows Into Banking Sector Hit Five-Year High in 2024 Foreign capital inflows into Nigeria’s banking...

Electricity is Getting Cheaper Across Africa

August 7, 2025

Summary of Events Following Confirmation of Deaths of Defence and Environment Ministers, Six Others in Military Helicopter Crash

August 7, 2025

FDI Rises to 3-Year High as Reforms Boost Investor Confidence

August 7, 2025

Togo is Flexing its Unrivaled Maritime Power

August 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.