Banks have given the firm assurance of working with the various security agencies and the Bank of Ghana in keeping the highest standards in carting huge cash.
This is the one of the major outcomes of another meeting among membership of the Ghana Association of Bankers on recent attacks on bullion vans, resulting in a death of a security personnel and some civilians.
“The Association hereby reiterates its commitment and resolve to working with the national security apparatus and to taking every measure to ensure the highest level of compliance with industry standards”, it said in a statement.
“We will continue keeping abreast with latest industry standards in compliance and certification requirements of Cash in Transit (CIT) operations; strengthen our dialogue with the providers of CIT service to develop a comprehensive infrastructure; and implement aggressively proactive approach to staying at the forefront of the continually evolving security threats that the banking sector is exposed to”, it explained further.
The association thereby reiterates its commitment and resolve to working with the national security apparatus and to taking every measure to ensure the highest level of compliance with industry standards.
It took the opportunity to assure the banking community and the general public that the banks have been working on enhanced CIT modalities with the Police Service, the Bank of Ghana and our thirdparty service providers and remain fully committed to strict compliance with established standards.
“We also encourage our customers to utilise the available digital banking channels offered by the industry to minimise the use of cash.”
“Our thoughts and prayers are with the family, friends and work colleagues of Lance Corporal Emmanuel Osei and the other causalities in this unfortunate incident. May they Rest In Peace”, it concluded
Latest Stories
-
We may all resort to vote buying if electorates prioritise such over development – Asiedu Nketiah
16 mins -
NDF engages mineral extraction communities in advocacy and litigation resolution
20 mins -
Adabraka in community A/R unites to combat electoral violence
28 mins -
Forestry Commission cracks down on endangered bush meat trade
28 mins -
Global GDP could plunge by 24% by 2,100 without urgent climate action
29 mins -
High Court dismisses lecturer’s bid to block Deputy IGP’s appointment
38 mins -
MTN records 35.5% growth in profit to GH¢3.76bn in quarter 3, 2024
1 hour -
Deloitte to hold training on navigating customs and excise duty Obligations
1 hour -
Akufo-Addo, Bawumia should have prioritised National Peace Campaign launch – Mahama
1 hour -
AGI works to clamp down on substandard foreign mattresses penetrating Ghanaian markets
1 hour -
Immigration Service intercepts 54 gallons of fuel
1 hour -
Ace Medical Insurance makes its mark at Ghana Club 100 Awards
1 hour -
Dafeamekpor takes Speaker to High Court to affirm vacant seats ruling
1 hour -
Government is not funding GMX music streaming platform – Director of Marketing
1 hour -
Energy sector not advancing enough – ACEP
2 hours