Interior Minister Mr Ambrose Dery has said it is unacceptable that the Bank of Ghana (BoG) gave financial institutions up to 1st July 2023 to phase out and replace all soft skinned cash in transit (CIT) vehicles.

Mr Dery told TV3’s Dzifa Bampoh in an exclusive interview that the lives of the Police officers cannot continue to be in danger until 2023.

It has emerged that the central bank in December 2020 issued a number of directives to financial intuitions to phase out and replace all soft skinned CIT vehicles.

A statement to that effect said following the Bank of Ghana meeting with cash operation managers of banks held on Thursday 15th October 2020, “Bank of Ghana hereby directs all Deposits Money Banks (DMBs) and Specialized Deposit taking-institutions (SDIs) to acquire armoured plated bullion vans for its cash operations. The above directive is as result of the spate of armed attacks during cash in transit activities, leading to loss of lives, currencies and destructions of sophisticated equipment which has become a national security concern.

It has emerged that the central bank in December 2020 issued a number of directives to financial intuitions to phase out and replace all soft skinned CIT vehicles.

A statement to that effect said following the Bank of Ghana meeting with cash operation managers of banks held on Thursday 15th October 2020, “Bank of Ghana hereby directs all Deposits Money Banks (DMBs) and Specialized Deposit taking-institutions (SDIs) to acquire armoured plated bullion vans for its cash operations. The above directive is as result of the spate of armed attacks during cash in transit activities, leading to loss of lives, currencies and destructions of sophisticated equipment which has become a national security concern.

“Phase out and replace all soft skinned cash in transit (CIT) vehicles presently in use with fit for purpose armnoured plated vehicles with European standard B6 Ballistic protection for passenger compartment and European Standard B4 for Cargo compartment.

“Involve BoG in the procurement of the armoured vehicle to ensure compliance requisite specifications

“Phase out and replace all soft skinned cash in transit (CIT) vehicles presently in use with fit for purpose armnoured plated vehicles with European standard B6 Ballistic protection for passenger compartment and European Standard B4 for Cargo compartment.

“Involve BoG in the procurement of the armoured vehicle to ensure compliance requisite specifications.

Source: 3News

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