IGP threatens police will stop escorting cash if banks don’t get bullet-proof bullion vans

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The Inspector-General of Police, Mr. James Boanuh has hinted that the police would soon stop providing escort service for the movement of cash across the country if the banks do not invest into bulletproof bullion vans. 

This comes after the recent armed robbery attack on a bullion van at Adedenkpo near Jamestown in Accra, in which a policeman and a lady who witnessed the robbery were shot dead.

In a statement issued by its Public Affairs Directorate, the IGP urged banks to ensure that they procure fortified armoured vehicles to cart cash otherwise he would not risk sending anymore policemen as escorts only to be killed by armed robbers.

The statement, signed by Supt. Sheila Abeyie-Buckman further warned the police are ready to withdraw their regular escorts if the financial institutions fail to comply with the directive by the end of this month.

“The IGP is also reminding the Association of Bankers to provide fortified armoured vehicles for carting currencies by the close of June 2021 as earlier agreed between them and the Police Service, else the Police withdraws its officers for escort duties,” it said.

We'll stop escorting your cash if you don't acquire armoured bullion vans - IGP warns banks

In December last year, the Bank of Ghana after a meeting with Cash Operations Managers directed all Deposit-Taking Institutions (DTIs) to acquire amour-plated bullion vans for cash operations.

Six months down the line, not much has been seen in that regard.

We'll stop escorting your cash if you don't acquire armoured bullion vans - IGP warns banks

Security analysts have also described the vehicles currently being used in the said operations as below standard.

However, the attack on yet another van which has seen the killing of a police officer and a bystander at Adedenkpo in James Town on Monday has brought the issue back to the fore.

Meanwhile, the ladies on the bullion van, both tellers of Mon-Tran, escaped unhurt but were sent to the hospital to be treated for trauma.

On the back of this, the IGP has warned that all financial organisation who flout the order will have their police attachments recalled.

James Oppong-Boanuh has also directed the Director-General of the Criminal Investigation Department to take over investigations into circumstances leading to the attack.

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