Close Menu

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    What's Hot

    I’ve grown tired of the Ghanaian fashion scene; I’m aiming for global stages – Elikem Kumordzie

    Eggs are being smuggled from Côte d’Ivoire into Ghana

    Access Restricted

    Facebook X (Twitter) Instagram
    • Lifestyle
    • Africa News
    • International
    Facebook X (Twitter) Instagram YouTube WhatsApp
    PapaLincPapaLinc
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports
    Subscribe
    PapaLincPapaLinc
    You are at:Home»Politics»Govt Moves to Sanitise Bullion Industry Operations for Safer Movement of Cash and Valuables Nationwide
    Politics

    Govt Moves to Sanitise Bullion Industry Operations for Safer Movement of Cash and Valuables Nationwide

    Papa LincBy Papa LincDecember 8, 2025No Comments3 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Govt Moves to Sanitise Bullion Industry Operations for Safer Movement of Cash and Valuables Nationwide
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email


    The Ministry of the Interior has rolled out new guidelines and standards for the importation, retrofitting (adding new features to make vehicles more efficient), usage, and decommissioning of armoured bullion vehicles in Ghana.

    Alhaji Muntaka Mohammed-Mabarak addressing the press Photo: Ebo Gorman

    As part of the guidelines, effective today, December 8, 2025, to Monday, January 21, 2026, all financial institutions and entities in the Cash-in-Transit (CIT) business using soft-skinned vehicles are required to park them immediately and apply for the necessary clearance for retrofitting at a certified centre.

    Additionally, entities operating in the CIT and bullion business must cease operations immediately and proceed to register and acquire the required licences and certifications from the Ministry of the Interior before resuming activities. Institutions engaged in retrofitting armoured bullion vehicles are also directed to halt operations until they undergo proper licensing and certification processes.

    Speaking at a press briefing in Accra on Thursday, the Minister for the Interior, Alhaji Muntaka Mohammed-Mubarak, said the measures were necessary to sanitize the CIT sector and safeguard both citizens and the financial industry. He warned that any organisation or individual violating the guidelines would face administrative sanctions, including suspension of operational licences and possible prosecution.

    Alhaji Mohammed-Mubarak recalled that between 2021 and 2023, Ghana recorded at least five armed attacks on bullion vans, three of which were fatal, claiming the lives of police officers. In three of these robberies, attackers succeeded in seizing cash being transported, highlighting serious weaknesses in existing CIT operations, particularly the continued use of soft-skinned vehicles offering inadequate protection.

    He noted that while the Bank of Ghana had previously directed financial institutions to transition to Armoured Bullion Vehicles (ABVs), some had failed to comply, prompting the government to adopt stricter regulatory measures.

    The new guidelines cover key areas including importation requirements and certification processes, operational and maintenance standards, personnel qualifications, specifications for retrofitting and ballistic protection, inspection procedures, and protocols for the safe decommissioning of ABVs.

    The Minister added that the guidelines would be enforced alongside the Standard Operating Procedures on ABVs by the Ghana Police Service and the Bank of Ghana. A 45-day notice period has been issued for all stakeholders to comply, after which nationwide enforcement will commence.

    Implementation will include accrediting authorised importers and retrofitters, conducting regular inspections, mandatory training and licensing for personnel, and instituting a structured decommissioning system. The Inspector-General of Police has been directed to establish an Enforcement Unit to ensure strict compliance, reporting to a committee comprising security agencies, the Bank of Ghana, and the Ghana Gold Board.

    Alhaji Mohammed-Mubarak urged all stakeholders to use the grace period to regularise their operations. He reiterated that non-compliance would not be tolerated, emphasising the government’s commitment to protecting lives, preventing financial losses, and enhancing public confidence in the secure transport of cash and valuables.

    The Minister commended all institutions involved in drafting the guidelines and reaffirmed the government’s resolve to strengthen national security and professionalism within the financial logistics sector.

    BY KINGSLEY ASARE

    🔗 Follow Ghanaian Times WhatsApp Channel today. https://whatsapp.com/channel/0029VbAjG7g3gvWajUAEX12Q
    🌍 Trusted News. Real Stories. Anytime, Anywhere.
    ✅ Join our WhatsApp Channel now! https://whatsapp.com/channel/0029VbAjG7g3gvWajUAEX12Q



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleMeet the female team of Young Boys
    Next Article Access Restricted
    Papa Linc

    Related Posts

    Otto Addo sets sights on strong 2026 FIFA World Cup start

    December 8, 2025

    Octogenarian Picks 2025 National Best Farmer Award

    December 8, 2025

    Abolish OSP, Give Its Powers to AG — Parliament

    December 8, 2025
    Ads
    Top Posts

    Here’s why Ghana Airways collapsed in 2004

    November 5, 202452 Views

    A Plus questions the hypocrisy of NPP members who remained silent about corruption for 8 years, only to speak out after losing power.

    December 26, 202450 Views

    Miracle of ‘the 33’ that gripped the world: How dozens somehow survived 69 days of hell trapped 2,300ft down in Chilean gold mine… and the bizarre love-triangle that raged on the surface

    October 11, 202546 Views

    Urgent search continues for Paul Barning after he was attacked by shark during fishing competition

    February 23, 202545 Views
    Don't Miss
    Entertainment December 8, 2025

    I’ve grown tired of the Ghanaian fashion scene; I’m aiming for global stages – Elikem Kumordzie

    Elikem Kumordzie is a Ghanaian fashion designer Ghanaian fashion designer, Elikem Kumordzie, also known as…

    Eggs are being smuggled from Côte d’Ivoire into Ghana

    Access Restricted

    Otto Addo sets sights on strong 2026 FIFA World Cup start

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • WhatsApp

    Subscribe to Updates

    Get the latest headlines from PapaLinc about news & entertainment.

    Ads
    About Us
    About Us

    Your authentic source for news and entertainment.
    We're accepting new partnerships right now.

    Email Us: info@papalinc.com
    For Ads on our website and social handles.
    Email Us: ads@papalinc.com
    Contact: +1-718-924-6727

    Facebook X (Twitter) Pinterest YouTube WhatsApp
    Our Picks

    I’ve grown tired of the Ghanaian fashion scene; I’m aiming for global stages – Elikem Kumordzie

    Eggs are being smuggled from Côte d’Ivoire into Ghana

    Access Restricted

    Most Popular

    Whereas Black Stars had been shedding to Sudan, Kurt Okraku was promoting gamers in Germany

    October 17, 20240 Views

    Grace Ashly on how she ‘spiritually’ energised her cheer songs for the Black Stars

    October 17, 20240 Views

    Apologizing for what? – Kudus slammed on social media after issuing Black Stars apology

    October 17, 20240 Views
    © 2025 PapaLinc. Designed by LiveTechOn LLC.
    • News
      • Africa News
      • International
    • Entertainment
      • Lifestyle
      • Movies
      • Music
    • Politics
    • Sports

    Type above and press Enter to search. Press Esc to cancel.

    Ad Blocker Enabled!
    Ad Blocker Enabled!
    Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.