Finance

National Security uncovers cash boxes belonging to BoG at Sapeiman

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.

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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