The National Security Council Secretariat (NSCS) has announced the dismantling of several alleged counterfeit currency networks following a series of intelligence-led operations across the Greater Accra Region and surrounding areas.
According to the NSCS, 16 suspects, including Ghanaian and foreign nationals, were arrested during six coordinated operations conducted between June 12 and July 24, 2026.
The operations reportedly targeted networks suspected of being involved in the production, possession and distribution of counterfeit Ghanaian and foreign currencies.
Security agencies also dismantled four alleged counterfeit currency production hubs during the operations. Four printing machines, six vehicles and two motorcycles were reportedly seized as part of the investigations.
The NSCS said the operations followed months of intelligence gathering into networks suspected of moving counterfeit currency into commercial and financial channels.
Authorities reportedly recovered counterfeit notes as well as large quantities of currency materials believed to have been intended for further processing.
The security operation also uncovered suspected links between some of the alleged networks and religious and traditional spiritual premises.
One of the operations took place on June 12 at Amuzu, a suburb of Kasoa, where security officers reportedly raided a residential compound operating under the cover of a traditional spiritual centre.
A suspect identified as Nana Nyarko Derrick Dapaah was arrested during that operation. Security officials also reported recovering a printing machine, suspected fake gold bars, mobile phones and counterfeit currency-related materials.
Another operation on June 19 targeted an alleged transnational network involved in the movement of counterfeit foreign currency. Seven suspects, comprising three Ghanaians and four foreign nationals, were reportedly arrested.
The NSCS also reported a significant operation at Lashibi and Klagon on June 29, where five suspects were arrested.
Follow-up investigations reportedly led security personnel to a religious facility in Klagon. According to the NSCS, some administrative and residential areas were allegedly being used for the storage and production of counterfeit currency materials.
The security agency said Rev. Emmanuel Boakye-Danquah was identified in connection with that investigation and remained at large at the time of the announcement.
The authorities said the investigations uncovered a structured network allegedly involving different roles, including technical operators, cross-border facilitators and couriers.
The seized exhibits have reportedly been handed over to the Bureau of National Intelligence for forensic examination and further legal processes. The NSCS also said case dockets had been submitted to the Office of the Attorney-General and Ministry of Justice, with prosecution proceedings underway at the Accra High Court.
The arrests and seizures represent a significant development in the authorities’ efforts to tackle alleged counterfeit currency networks and protect Ghana’s financial system.
However, the allegations against the suspects remain subject to the legal process. An arrest or identification by security agencies does not constitute a finding of guilt, and the accused persons are entitled to due process.
Authorities are expected to continue investigations as they work to establish the full extent of the alleged networks and identify any other individuals who may have been involved.
Source: Thepressradio.com
