In 1998, GSL amended its nature of business to include bulk cash handling, cash counting, collection and delivery, and transportation of cash, valuables and bullion.

Currently GSL delivers a wider range of cash and security related services, and include:

• Cash-in-Transit services
• Bulk cash services
• Cash handling services
• Teller services
• Messenger and Courier services
• Transportation services

GSL during the period has been able to create physical presence in all the 10 regions. A schedule of current locations is attached. GSL is committed to providing the most advanced cash logistics solutions available.

Differentiated by best-in-class vehicles and equipment and excellent workflow processes, GSL has created the next generation of cash processing-lean, streamlined processes re-engineered from the ground up to eliminate waste, standardize tasks and automate processes for flawless execution and peak efficiency.

GSL cash processing services include:

• Counting and Sorting services: Using high-speed sorting technology we authenticate, count and sort cash with unprecedented speed and accuracy, detecting counterfeit bills and measuring quality for re-issue (fitness testing).

 

• Vaulting services: GSL branch facilities safeguard cash and coin inventories with state-of-the-art vault systems monitored by sophisticated surveillance and dedicated employees trained in security and firearms practices.

 

• Bank services: GSL provides cash shipment, cash in transit services and bulk cash facilitation, including coin and note sorting, counting, wrapping and storage services.

 

• Reconciliation services: GSL takes daily receipt reconciliation and deposit preparation off site. Cashiers take copies of the deposit slips and record the takings in their notebooks. Our armored service picks up the cash from customer sites and delivers them safely to the banks vault where professional tellers verify cash, balance the receipts against deposit slips. Detailed activity reports are maintained and audit trails exist to keep you informed every step of the way.

 

• Deposit processing: GSL provides one stop, integrated cash and check processing for branch, commercial, night drop contents, and other types of deposits.

 

• ATM services: Cash replenishment, deposit collection and ATM maintenance services combine with armored transportation for secure, reliable logistics services for any size ATM network.

 

• Secure Transportation: Our trademark armored transportation ensures safe delivery of deposits and secure distribution of cash and coin orders.

 

• Information reporting: GSL closes the logistics loop with Web-based management information tools that track deposits, cash and coin inventories, cash usage by branches, secure transportation and more.

 

GSL seeks to provide a portfolio of security and cash services to existing and potential clients across the country and beyond.

Being a leader in the private security and cash services industry in Ghana, it plans to launch the next generation of services in the security industry and to expand its services beyond Ghana into the West Africa sub-region.

It currently has the largest market share in both the security and cash services industry, an industry which has witnessed phenomenal growth over the last ten to fifteen years.22