The discovery of official Bank of Ghana (BoG) cash boxes at the center of a major counterfeiting operation at Sapeiman, a suburb of the Ga West Municipality in the Greater Accra Region, has raised serious concerns over potential regulatory failures and the security of Ghana’s financial systems.
The incident has brought to light the alarming possibility of insider involvements in what is being described as one of the most sophisticated criminal operations uncovered in recent years.
During a site inspection, the Director of Special Operations at the National Security Secretariat, Richard Jakpa, confirmed that the recovered money boxes were authentic Bank of Ghana properties.
“Authorities have verified that these boxes are genuine,” Jakpa stated, raising further questions about how state-sanctioned financial assets ended up in the hands of a covert criminal network.
The operation, uncovered in February, was being conducted under the guise of a modest battery-charging shop located in an abandoned building.
The elderly man running the shop, known locally as the “Battery Doctor,” is suspected of serving as a front for the illegal activities, including the large-scale production of counterfeit currency and fake gold bars.
Authorities seized ten 40-foot containers filled with forged Ghanaian cedi and US dollar notes, along with gold-plated metals.
