The Operations Unit of the Criminal Investigation Department, in collaboration with the Bank of Ghana, has arrested 41 individuals in a major joint operation targeting illegal foreign exchange trading in parts of Accra.
The suspects — comprising Ghanaians and foreign nationals from Togo, Benin, and Niger — were apprehended on December 9, 2025, during coordinated swoops carried out at Tudu, Kwame Nkrumah Circle, Airport, and Osu.
Police retrieved substantial amounts of money during the operation, including GH¢1,266,770, CFA 100,000, NGN 3,383,570 — with NGN 1,266,770 stored on an e-cash machine — and US$5,105. All recovered cash exhibits have been secured and handed over to the Bank of Ghana.
This latest enforcement action follows an earlier operation on November 20 at Osu Oxford Street and the Kwame Nkrumah Circle area, where 28 suspects were arrested. Those suspects were granted police inquiry bail as investigations progress.
Since the joint exercise began in August 2025, a total of 90 suspects have been arrested nationwide, with 13 already before the Accra Circuit Court. Investigations into the remaining cases are ongoing.
The police have cautioned individuals engaged in illegal forex trading to acquire the requisite licences, stressing that offenders will continue to be arrested and prosecuted. The public has also been advised to conduct all foreign exchange transactions only through licensed banks and authorised institutions.
The Ghana Police Service expressed gratitude to the Bank of Ghana for its continued collaboration and pledged to deepen the partnership as efforts intensify to clamp down on illegal forex trading across the country.
