A Banking Consultant, Dr. Richmond Atuahene has asserted that the order made by the Inspector General of Police, James Oppong-Boauh for banks to procure armoured bullion vans that will be used in carting cash by June ending is impossible.
Dr. Atuahene speaking to Francis Abban on the Morning Starr show says armored cars are to expensive for the banks to purchase within the stipulated time given by the IGP.
“The armored cars cost around $150k to $200k and by the time the banks get to that level, they wouldn’t be in business. Our banks can buy but you can’t put all your money into the buying of bullion vans especially with those with many branches,”
He made this comment after the IGP directed banks in the country to purchase fortified bullion vans by the close of June after a bullion van was attacked by robbers on Monday 14th June near Jamestown.
