Ghanaian authorities have arrested 41 suspects, including several Nigerians, for allegedly engaging in illegal foreign exchange trading across key locations in Accra. The arrests were made on Tuesday during a joint intelligence-led operation by the Criminal Investigation Department (CID) and the Bank of Ghana.
According to Ghana’s CID Director-General, COP Lydia Donkor, the raids took place in forex-hotspot zones such as Tudu, Circle, the Airport area, and Cantonments. The operation unfolded in two phases — 29 suspects were first arrested, followed by 12 more an hour later.
The suspects include nationals of Ghana, Nigeria, Togo, and Benin, highlighting a widespread network of unauthorised currency dealings.
💸 Cash and Evidence Recovered
Authorities recovered:
• GH¢1,266,770
• 100,000 CFA francs
• ₦3.3 million (including ₦1.2m stored as e-cash on a Moneypoint POS device)
• $5,105
All seized funds have been secured and will be transferred to the Bank of Ghana as investigations continue.
COP Donkor noted that this crackdown follows previous operations, including one carried out on November 20, 2025, which brought the total number of arrests since August 2025 to 90 suspects, with 13 already charged before the Accra Circuit Court.
The initiative is part of a nationwide effort to sanitize Ghana’s forex market and enforce compliance with financial regulations.
This development comes just hours after reports of two Nigerians arrested in South Africa for allegedly trafficking wildlife parts, adding to growing concerns about cross-border criminal activity.
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