The Criminal Investigation Department has arrested 41 suspects and recovered more than GH¢1.2 million in cash during an operation targeting illegal foreign exchange trading in Accra.
At a press briefing, the Director General of the CID, Commissioner of Police Lydia Yaako Donkor, revealed that the arrests were made in a joint operation with the Bank of Ghana at major hotspots such as Tudu, Circle, the Airport area and Cantonments on Tuesday, December 9, 2025.
COP Donkor stated that 29 suspects were first arrested during the initial swoop. Those picked up included Togolese, Beninois, Nigerians and Ghanaians.
She explained that the operation, conducted in the early hours of the day by officers from the CID Operations Unit together with Bank of Ghana officials, was based on actionable intelligence. An additional 12 suspects were arrested during a second phase of the operation just an hour later.
The CID boss detailed the cash seized during the raid. Officers recovered GH¢1,266,770, one hundred thousand CFA francs, 3,383,570 Nigerian naira including digital funds stored on a Moneypoint device, and five thousand one hundred and five dollars.
She confirmed that all the seized cash has been secured and will be handed over to the Bank of Ghana for safekeeping as investigations continue. The suspects will be charged and arraigned before court after the process is completed.
COP Donkor further disclosed that a similar operation was conducted earlier on November 20, 2025, at Osu Oxford Street and Kwame Nkrumah Circle near GCB, where 28 people were arrested. Those individuals were later granted police enquiry bail by the Accra Circuit Court.
She noted that since the nationwide exercise began in August 2025, a total of 90 suspects have been arrested. Out of this number, 13 have already been charged and brought before the Accra Circuit Court.
According to the CID, these operations form part of a broader effort to sanitise the foreign exchange market and enforce Ghana’s financial regulations.
Speaking on behalf of the Inspector General of Police, Christian Tetteh Yohuno, COP Donkor expressed appreciation to the leadership of the Bank of Ghana for their support.
She warned all individuals engaged in illegal forex trading to desist immediately, noting that offenders will be arrested and prosecuted. She also advised the public to conduct foreign exchange transactions only through licensed banks.
The Ghana Police Service says it expects stronger collaboration with the Bank of Ghana as the crackdown intensifies.
COP Donkor added that the ongoing operation will extend beyond Accra and cover all regions. She encouraged those interested in legitimate forex business to approach the Bank of Ghana for proper licensing.
Read Also: Nigeria Responds After Burkina Faso Arrests Its Military Personnel Over Emergency Landing Incident
0 Comments