24th January 2025

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 daylight, 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.

He attributed this to the recent attack on bullion vans, it was about the third or so incidents 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. He says they have held a meeting with the banks to decide on the way forward. At least, they have quite a fleet of bullion vans, and they have pleaded with bankers to collaborate to ensure a more secure way of transferring money to parts of the country.

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