The Criminal Investigation Department (CID) has intensified its crackdown on unlicensed foreign exchange trading, arresting dozens of suspects and confiscating significant sums of money in a coordinated operation across Accra.
At a press briefing in Accra on Tuesday, December 9, the CID Director-General, COP Lydia Yaako Donkor, detailed the latest swoop carried out in partnership with the Bank of Ghana.
She said the joint team targeted known hotspots—Tudu, Circle, the Airport enclave, and Cantonments—on Tuesday, December 9, 2025.
According to her, the exercise began in the early morning with the arrest of 29 individuals engaged in illegal forex trading.
“In total, 29 suspects, including Togolese, Beninois, Nigerians and Ghanaians, were arrested,” she told journalists. A second round of operations, conducted about an hour later, netted an additional 12 suspects, bringing the day’s total to 41.
Police also recovered large volumes of cash in multiple currencies. COP Donkor outlined the seizures, which included GH¢1,266,770 in Ghana cedis, 100,000 CFA francs, 3,383,570 Nigerian naira (including 1,266,770 naira held as e-cash on a Moneypoint machine), and $5,105.
She added, “All cash exhibits have been secured and will be forwarded to the Bank of Ghana for safekeeping as investigations continue, after which the suspects will be charged and put before the court.”
