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Banks expected to start using armoured bullion vans from July 1 – President of ABOG

According to Alhaji Iddi Sumaila, President of the Association of Bullion Operators Ghana (ABOG), banks in Ghana are anticipated to begin deploying armored bullion vans for cash-in-transit on July 1.

He does however admit that certain banks have failed to sign the relevant agreement with the ABOG.

“Banks will start utilizing armored cars and gold vans by July 1st. Regarding the robbery attack on a bullion van at Ablekuma in Accra on Thursday, June 22, which resulted in the death of a Police officer, he informed Johnnie Hughes on the Sunrise show on 3FM on Friday, June 23.

“We have about 150 bullion vans in the country,” he continued. The majority of banks have agreements in place with us to deploy to them. For the banks to obtain it, a procedure must be followed, which takes time.

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The Bank of Ghana stated that it will not permit any inferior or soft-skinned Cash in Transit (CIT) vehicles into any of its locations nationally if the central bank’s requirement for all financial institutions to purchase protected sophisticated vans was not followed in 2021.

However, shortly after the James Town robbery attack on a currency van, which resulted in the death of a police officer and the shooting of another bystander, this deadline was extended to July 1, 2023.

The Inspector General of Police issued warnings not to escort any vehicles without the required protection for police personnel after a string of robberies targeted cops accompanying subpar automobiles for cash transfers.

The police issued a severe warning to the criminals responsible for the officer’s slaying in relation to the attacks at Ablekuma.

The security guard was shot many times at close range while guarding a bullion wagon.

The tragic tragedy happened after an attempted robbery at the Star Oil Filling Station in the Accra neighborhood of Ablekuma Fan Milk.

The bullion van reportedly followed the four criminals as they proceeded to refuel at the gas station, which is where the gunfight took place.

According to a police statement, “the police are on a manhunt to arrest a gang of four robbers who attacked a bullion van at Ablekuma Fanmilk, a suburb of Accra, and shot the police escort who sadly passed away.”

“Our hearts go out to the family of our departed coworker in particular and to the entire Police Service staff in general.

We want to reassure the public that the robbers will be apprehended and brought to justice.


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