Dr. Ernest Addison, the current governor of the Bank of Ghana, has stated that the Vice Air Marshal is assisting the central bank by providing cash transportation to banks around the country by helicopters.
Dr. Ernest added that this brand-new phenomenon comes after a series of recent criminal attacks on bullion vans that move currency across the country.
While speaking at the Monetary Policy Committee press conference in Accra on Monday September 28, Dr Addison responded to a question about the measures the central bank has put in place to deal with recent attacks on bullion vans, saying the BoG has taken note of the attacks and has taken steps to address the threat.
In response to a recent attack in Kumasi, Ghana’s Ashanti Region, on a bullion van,
“This is about the third or so time we’ve had that type of incident,” Dr. Addison stated. They’re all driving Nissan pickup pickups that have been modified into bullion vans.”
“The Bank of Ghana has taken this problem very seriously.” I believe
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’ve also visited with the Air Vice Marshall, who has promised to help the bank move currency around the country using some of their planes.” As a result, much work is being done to improve currency transportation throughout the country.”
Finally, the governor said that the Monetary Policy Committee had kept the policy rate at 14.5 percent.