Attacks on cash-in-transit vehicles in recent months have prompted Ghanaian banks to launch a tender for the acquisition of armoured vehicles. Companies that usually vie for military contracts are rushing into the increasingly competitive sector. Ghanaian banks have joined a national consortium under the leadership of the Bank of Ghana, the central bank, and in association with cash transport firms, to launch a tender process for more than 200 armoured cash-intransit (CIT) vehicles. The Bank of Ghana in December told all banks and other entities that handle and transport cash to acquire armoured vehicles or to equip those that currently lack armour plating. After a spate of attacks in recent months, Inspector General of Police James Oppong-Boanuh went as far as threatening the Association of Bankers that he would withdraw police protection for convoys if all vehicles were not armoured by the end of June.
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