• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, March 30, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks

February 4, 2023
Priscilla Dziedzorm FiakpornubyPriscilla Dziedzorm Fiakpornu
in Innovation, Wheels
0
Ghana Assembles Its Own CIT Armoured Vehicles To Facilitate Transportation of Cash By Banks

Ghana has begun assem­bling Cash-in-Transit (CIT) armoured vehicles to facilitate the transportation of cash by banks within the country.

The CIT vehicles do not only promise to make the transportation of bulk money easier, but also, per design, tends to be more reliable – due to its robust and secured nature against rob­bery attacks.

Presently, the first four vehicles, fitted by DIHOC- KE­NAKI Manufacturing Compa­ny Limited (DIKMAC) at its armoured vehicle assembling plant at Burma Camp in Accra, are ready to be deployed for use.

RelatedPosts

A Classic Jeep SUV Is Officially Retired

“It’s The Ideal Time To Expand Fintech Into A Tool Used In Deepening Financial Inclusion- Maina

2024 BMW i5 Sedan Teased for The First Time Ahead of October Launch

DIKMAC is a joint venture company (JVC) between the Defence Industries Holding Company Limited (DIHOC), the private commercial entity of the Ghana Armed Forces (GAF) and Kenaki Manufactur­ing Company Limited.

DIKMACS activities were brought into the limelight on Wednesday, February 1 2023, after President Nana Addo Dankwa Akufo-Ad­do, President of Ghana was invited to inspect the vehicles; as part of inauguration, sod cutting and handing over activities ahead of the 2022 end-of-year get togeth­er of the GAF.

Kenneth Akibate, DIKMAC Managing Director (MD), in an interview said the vehicles would soon be on the roads, as a bank had already arranged to get one.

Mr. Akibate recalled that the JV was intended towards assembling armoured vehicles and other defence and security equipments for the GAF and other security forces within the region.

“However, the exigency finding a solution to attacks on Bullion Vans by armed robbers, led to the necessary interven­tion to assemble here in this plant locally Armoured Bullion Vans to help protect lives of the police escorts, bank workers and also safeguard cash and other valuables in transit.”

2023 02 03 165118 128493884 20669026
Assembled CIT Armoured Vehicles
Mr. Akibate

There have been a myriad of bullion van attacks that claimed several lives in the last three years, including that of a police officer on duty in one of the vehicles, with many others injured.

According to the MD of DIKMAC, when the issue of armed attacks on bullion vans became rampant, moreover, a national crisis in 2021, DIKMAC, being assisted by the GAF, proposed a solution to resolve the CIT challenge facing the Banking sector in Ghana.

The Kenaki team, Mr. Akibate said, through its networks, rallied the technical backing and expertise of Isreal’s biggest State-owned Defence Industrial Complex, the Israel Aerospace Industries (IAI) to set up a plant for the assembling works.

A Control Centre to be established to monitor CIT operations

Accompanying the CIT, Mr. Akibate said should be a con­trol centre – to monitor and track the vehicles nation-wide, while DIKMAC also ret­rofit ‘soft-skin’ CIT vehicles for existing CIT Companies in line with the armouring require­ments of the Bank of Ghana (BoG).

Mr. Akibate, additionally stated that while various stake­holder engagements; involving the Bank of Ghana, Ghana Po­lice Service, and Ghana Associ­ation of Bankers had been held, the DIKMAC’s CIT was endorsed by the Armed Forces Council.

Brigadier General William Agyapong, Director General, Defence Industries Limited said the initiative formed parts of efforts aimed at making the Forces self-sufficient as it had the goodwill, human resource and technical knowhow to sup­port that to fruition.

Brigadier General Benja­min Amoah-Boakye, Director General of Legal Services, also in his submission said the JVC was part of 13 JVCs formed under the DIHOC to create jobs and undertake projects of value to GAF and the general public.

This, Brigadier Amoah-Boakye said included footwear manufacturing, infrastructure construction and assembling of electronic items.

Meanwhile, Ghana recently, is making great progress with its local production of vehicles, aimed at import reduction of cars and its coming back effects on GDP and growth sustainability.

TOYOTA TSUSHO MANUFACTURING GHANA CO. LIMITED recently commissioned its first locally assembled Suzuki Swift in Ghana.

This is one of the initiatives based on the MOU on Cooperation in Developing Automotive Industry signed between Toyota Tsusho and the Government of Ghana at the Seventh Tokyo International Conference on African Development.

Mr. Koichi Suzuki, Managing Officer for Middle East and Africa Division of Suzuki Motor Corporation in his address during a ceremony held to mark the start of the production, elaborated on the fact that the business had increased sales in Africa by 60% to 116 thousand units and in Ghana increased by 63% to over 1 thousand units in the year 2022, hence, their decision to open an assembling plant in Ghana.

This, Mr.Suzuki said will go a long way to enhance Suzuki’s presence in Africa, especially in Ghana.

READ ALSO: Government Withdraws $672 Million Back-Tax Demand From MTN Group

Tags: Benja­min Amoah-BoakyeKenneth AkibateMr. Koichi SuzukiNana Addo Dankwa Akuffo-AddoWilliam Agyapong

Related Posts

A Classic Jeep SUV Is Officially Retired
Wheels

A Classic Jeep SUV Is Officially Retired

March 27, 2023
“It’s The Ideal Time To Expand Fintech Into A Tool Used In Deepening Financial Inclusion- Maina
Innovation

“It’s The Ideal Time To Expand Fintech Into A Tool Used In Deepening Financial Inclusion- Maina

March 21, 2023
2024 BMW i5 Sedan Teased for The First Time Ahead of October Launch
Wheels

2024 BMW i5 Sedan Teased for The First Time Ahead of October Launch

March 20, 2023
Volkswagen Opens Assembly Plant in Ghana with Capacity to Produce 5,000 Cars
Wheels

Volkswagen Opens Assembly Plant in Ghana with Capacity to Produce Over 5,000 Cars

March 16, 2023
Mitsubishi Motors To Sell Only Evs, Hybrids By Mid-2030s
Wheels

Mitsubishi Motors To Sell Only Evs, Hybrids By Mid-2030s

March 13, 2023
Digital Transformation Drive: Ghana Is Not Performing Well Despite Growth In Internet Services
Innovation

Digital Transformation Drive: Ghana Is Not Performing Well Despite Growth In Internet Services

March 10, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

World Food Prices Decline for 10th Month Running in January- FAO

Next Post

Blinken’s Cancelled Trip Downplayed By China

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
Ex Black Star Coach Takes Over As France Women Coach
Sports

Ex Black Star Coach Takes Over As France Women Coach

by Stephen M.CMarch 30, 2023
Policy Framework To Transform Aluminium Downstream In The Works
General News

Policy Framework Set To Transform Aluminum Downstream In The Works- Mr. Ansah

by Gifty BansahMarch 30, 2023
Ghana Airport Ltd. Lauds Ethiopian Airlines’ Introduction of Night Flights
Vaultz Business

Ghana Airport Ltd. Lauds Ethiopian Airlines’ Introduction of Night Flights

by Stephen M.CMarch 30, 2023
King Charles III Addresses Germany’s Bundestag
Europe

King Charles III Addresses Germany’s Bundestag

by Comfort AmpomaaMarch 30, 2023
Lands Ministry Inspects Green Ghana Seedlings At Shai Hills And Environs Ahead Of 2023 Green Ghana Day
General News

Lands Ministry Inspects Green Ghana Seedlings At Shai Hills And Environs Ahead Of 2023 Green Ghana Day

by Angeller AshongMarch 30, 2023
Bolsonaro Lands In Brazil After Self-Imposed Exile
Europe

Bolsonaro Lands In Brazil After Self-Imposed Exile

by Comfort AmpomaaMarch 30, 2023
Ex Black Star Coach Takes Over As France Women Coach
Policy Framework To Transform Aluminium Downstream In The Works
Ghana Airport Ltd. Lauds Ethiopian Airlines’ Introduction of Night Flights
King Charles III Addresses Germany’s Bundestag
Lands Ministry Inspects Green Ghana Seedlings At Shai Hills And Environs Ahead Of 2023 Green Ghana Day
Bolsonaro Lands In Brazil After Self-Imposed Exile
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In