The Economic and Organised Crime Office (EOCO) has announced a major breakthrough in forensic cryptocurrency investigations, marking what it describes as the first successful confiscation and planned repatriation of proceeds from crypto fraud in Africa.
Speaking at a joint press briefing with QNET in Accra, Acting Executive Director of EOCO, Raymond Archer, revealed that the agency had successfully tracked and seized assets linked to fraudulent crypto schemes, with efforts now underway to return the funds to Ghana.
“We have actually, I think for the first time in Africa, investigated, confiscated, and are about to return the proceeds of crypto fraud back to the country,” Mr. Archer disclosed.
He described the development as a significant step in EOCO’s broader campaign to safeguard Ghana’s economic integrity and protect vulnerable youth from digital financial exploitation.
Mr. Archer noted that the office is prepared to intensify its actions, declaring an all-out war on such schemes.
The event also witnessed the signing of an anti-scam partnership between EOCO and QNET, aimed at tackling the misuse of QNET’s brand by criminal syndicates.
The collaboration seeks to raise public awareness about fake job offers, scholarship scams, and deceptive travel opportunities often circulated by fraudsters posing as legitimate recruiters.
Both EOCO and QNET pledged to collaborate on nationwide public education campaigns to expose such scams and protect vulnerable populations from falling prey to digital deception.
