Bank of Ghana opens new Cash Centre in Accra running De La Rue’s Enterprise Cash Management (ECM™) software

On 2 December 2015 De La Rue was honoured to be invited to attend the opening of the Bank of Ghana’s new Cash Centre in Accra where its Enterprise Cash Management (ECM™) software has been selected as the vault management solution to run the entire operation.

On Wednesday 2 December, the Bank of Ghana commissioned its new Cash Centre in the capital city of Accra. The state-of-the-art Cash Centre was opened by the Vice President of Ghana, His Excellency KB Amissah-Arthur and the Governor of the Bank of Ghana, Dr HAK Wampah. The Cash Centre is the largest in the region and is testament to the Bank of Ghana’s regional and global importance. Commenting at the launch Dr Wampah stated “We are very pleased to be working with De La Rue on this major project that is of great importance to the Bank of Ghana”.

De La Rue is proud to be the Bank’s partner of choice for the supply of Enterprise Cash Management (ECM) vault management software. ECM is a suite of software solutions that manage the banknote lifecycle processes, providing unparalleled end-to-end security and control throughout the process. The key benefits of ECM are increased operational security, control and efficiency, guaranteed banknote authenticity and fitness as well as cost reduction.

At the event De La Rue was represented by Global Account Director Ruth Euling, General Manager Africa Matt West and Security Evaluation Executive Steve McGregor. Speaking on the occasion, Ruth Euling said “We are delighted to continue our relationship with the Bank of Ghana which dates back almost 60 years and having ECM in this new Cash Centre is a great opportunity for us to showcase our expertise in vault management solutions. This is the first step in a country-wide deployment that will see ECM manage the Bank’s nationwide cash cycle, integrating all their cash centres and all of the commercial banks together on one single system. This Cash Centre in Accra is the foundation for a truly transformative system.”

ECM™ is a trademark of De La Rue International Limited

For information:
Clare Lloyd Williams
Marketing Communications Manager, Currency

Tel: +44 (0) 1256 605000

About De La Rue:
De La Rue is a leading commercial banknote printer, security paper maker and provider of security products and software solutions and, as a trusted partner of governments, central banks and commercial organisations around the world, is at the forefront of the battle against the counterfeiter. As the world’s largest commercial banknote printer, De La Rue provides customers with a fully integrated range of sophisticated products and services which are available either individually or as a whole. This includes a leading design capability, production of innovative security components, manufacture of security paper and polymer substrates and sophisticated printing of banknotes, all contributing to trust in the integrity of currencies.

De La Rue is the world’s largest commercial passport manufacturer in an environment of increasing global concern over security at national boundaries and border control. De La Rue also produces a wide range of other security products, including tax stamps for governments who are seeking to combat illicit trade and collect excise duties. Other products include authentication labels, assuring purchasers of product validity, and government identity documents. In addition the Group manufactures high speed cash sorting and banknote inspection equipment.

De La Rue also provides a range of specialist services and software solutions including government identity schemes, product authentication systems and cash management processing solutions.

De La Rue is listed on the London Stock Exchange (LON:DLAR).

www.delarue.com

About Bank of Ghana:
Functions of the Central Bank of Ghana

  1. formulate and implement monetary policy aimed at achieving the objects of the Bank;
  2. promote by monetary measure the stablisation of the value of the currency within and outside Ghana;
  3. institute measures which are likely to have a favourable effect on the balance of payments, the state of public finances and the general development of the national economy;
  4. regulate, supervise and direct the banking and credit system and ensure the smooth operation of the financial sector;
  5. promote, regulate and supervise payment and settlement systems;
  6. issue and redeem the currency notes and coins;
  7. ensure effective maintenance and management of Ghana's external financial services;
  8. license, regulate, promote and supervise non-banking financial institutions;
  9. act as banker and financial adviser to the Government;
  10. promote and maintain relations with international banking and financial institutions and subject to the Constitution or any other relevant enactment, implement international monetary agreements to which Ghana is party; and do all other things that are incidental or conducive to the efficient performance of its functions under this Act and any other enactment.

https://bog.gov.gh/

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