Association of Bankers: We will make use of fortified bullion vans

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bullion vans

According to the Ghana Association of Bankers, it is ready to procure fortified bullion vans to cart monies across the country.

This comment by the association comes after James Oppong-Boanuh, the Inspector-General of Police, threatened to withdraw police officers from escorting bullion vans that are not armoured.

On Monday, the Association in a press statement commenting on the robbery attack at Jamestown, said it’s committed to working with the national security to ensure the safety of both bank staff and police personnel aboard a bullion van.

“We have committed to comply with the “latest industry standards in compliance, and certification requirements of Cash in Transit (CIT) operations; strengthen dialogue with the providers of CIT service to develop a comprehensive infrastructure, and implement aggressively proactive approach to staying at the forefront of the continually evolving security threats that the banking sector is exposed to,” part of the statement read.

“We take this opportunity to assure the banking community and the general public that we have been working on enhanced CIT modalities with the Police Service, BoG and our third-party service providers and remain fully committed to strict compliance with established standards,” the release further added.

However, the statement did not state whether they will meet the June deadline given by the IGP or not.

But the Association advised Ghanaians to make use of digital banking channels to minimize the use of cash.

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