The Criminal Investigation Department (CID), in collaboration with the Bank of Ghana, has stepped up enforcement against unlicensed foreign exchange trading in Accra, arresting 41 suspects and seizing large sums of cash in multiple currencies.
Addressing the media on Tuesday, December 9, CID Director-General COP Lydia Yaako Donkor said the operation targeted hotspots including Tudu, Circle, the Airport enclave, and Cantonments.
“In total, 29 suspects were arrested in the early morning, with a second sweep netting an additional 12,” she stated, adding that the cash seized—including GH¢1.27 million, $5,105, 3.38 million Nigerian naira, and 100,000 CFA francs—will be handed to the Bank of Ghana for safekeeping.
The crackdown forms part of a nationwide campaign launched in August 2025 to sanitize Ghana’s forex market. COP Donkor noted that 90 suspects have been arrested since the exercise began, with 13 already charged in court.
She warned unlicensed dealers to desist and encouraged the public to conduct all forex transactions through authorized banks. COP Donkor also confirmed that the crackdown would extend beyond Accra to ensure compliance across the country.
