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26th June 2023 10:32:22 AM
1 min readBy: Chris Kodo

Reports have it that the Bank of Ghana (BoG) has ordered all banks across the country to with immediate effect commence the use of armoured-plated bullion vans for cash movement operations.
The directive is said to have been issued in a letter dated June 23 and signed by Secretary of the Central Bank, Sandra Thompson.
“Failure to comply with this directive in all cash-related activities across the country shall attract severe sanctions,” a letter from the apex bank to the MDs read in part.
According to the Central Bank, this is to ensure “security of cash-in-transit activities and to underscore the Bank’s commitment to protect the lives of both Security Personnel and Bank Staff involved in all cash movements.”
The directive comes after a recent bullion van attack at Ablekuma Fanmilk at the premises of Star Oil filling station where a police officer was shot dead.
The incident reignited calls for the deployment of armoured bullion vans for cash-in-transit (CIT) operations.
Meanwhile, the BoG's directive goes to supersede a Ghana Association of Banks' (GAB) directive that starting July 1, all banks are to start using armoured-plated vehicles for CIT activities.
The Association of Bullion Van Owners of Ghana (ABOG) has also said it has 150 of such vehicles to be deployed come July 1.
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