Bank Of Ghana To Use Military Helicopters To Circulate Cash Following Recent Attacks On Bullion Vans.

Dr Ernest Addison who happens to be the reigning governor of the bank of Ghana has said that the Vice Air Marshal is rendering its support to the central bank by using helicopters as means of cash transportation to banks around the country.

Dr Ernest has explained that this very new development follows the several and recent attacks by criminals on bullion vans that transport cash in the country.

Answering a question regarding the measures that the central bank has put in place to deal with the recent attacks on bullion vans, while speaking at the Monetary Policy Committee press conference in Accra on Monday September 28, Dr Addison said the BoG has taken note of the attacks and steps have accordingly been taken to deal with the menace.

Making reference to a recent attack on a bullion van in Kumasi in the Ashanti Region

Dr Addison said: “This is about the third or so occasion that we have had that type of incidence. All of them are using these Nissan pickup trucks  that have been converted  into bullion vans”

“It is a matter that the Bank of Ghana has  taken seriously.  I think last week , Securities met with the banks  to decide on the way  forward” he added.

He went on to say that “We have quite a good fleet  of bullion vans  and   are asking them  to see how we collaborate with the banks  so that we will have  a more secure way  of transporting money  around the country.

“I have also met with  the Air Vice Marshall  and he has offered  to assist the bank  with lifting of  currency around  the country using  some of the aircraft that  they have . So there is a lot of work being done to  improve  carrying currencies around the country.”

The governor finally made an announcement that the Monetary Policy Committee  has maintained the policy rate at 14.5 per cent.

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