The Managing Director of Stanbic Bank has said the country's moves to cashlite status to curb the incessant armed robbery incidents. According to Alhassan Andani, going cash-lite means there will be less dependence on cash for transactions on the various payment platforms in the country. Mr Andani who is also President of the Ghana Association of Bankers indicated that cash is always a source of attraction to robbers, therefore, we should all migrate to electronic payments. “Without a pool of cash, there is no incentive for most criminals, to the extent that the reward is large, people will take risks. "Once this is removed and not available for easy pickings, no one plans or schemes on how to attack you to collect what you have thereby reduced the incidence of violence around us” he stated in an interview. The Stanbic Ghana MD revealed that there are a large number of products and services that the financial sector has rolled out to enable Ghana to go cash-lite to promote financial inclusion. “There are currently on the market products such as cards and Point of Sales devices. The cards are either debit or credit cards which can be accessed by all our customers of banks. "There is also a full range of mobile money solutions that allow customers of the telcos to collect or pay money using this channel,” he stated. Mr Adani said this sector of the economy is a huge mover of money with at least 17 million active mobile money users, a figure that is more than the total banking population in Ghana. “To the financial sectors and its customers, a cash-lite society would largely eliminate the whole industry of managing cash, the cost of which is of no real value-added to the sector nor to the customer, not to talk about the security around protecting this cash against people who are incentified to attack people for physical notes” he maintained.