The Ghana Police Service’s (GPS) Criminal Investigation Department (CID) has seized cash amounting to GHS 1,266,770, CFA 100,000, NGN 3,383,570, and USD 5,105 during a crackdown on illegal foreign exchange trading in Accra.
The operation, carried out in collaboration with the Bank of Ghana, targeted unlicensed forex traders at Tudu, Kwame Nkrumah Circle, Airport, and Osu in Accra, resulting in the arrest of 41 suspects.
According to a press release issued by the police on Thursday, December 11, 2025, the operation is part of ongoing efforts to regulate the forex market and protect citizens from unscrupulous activities.
The seized cash has been secured with the Bank of Ghana for safekeeping.
The Service further recalled that on November 20, a similar operation was carried out at Osu Oxford Street and Kwame Nkrumah Circle, resulting in the arrest of 28 suspects.
They were granted police inquiry bail while investigation is ongoing to bring them before court.
Various amounts in Ghana cedis and foreign currencies were seized and secured.
The police administration have urged anyone involved in illegal forex trade to obtain the necessary license and called on the public to report any suspicious activities to the authorities.
The police also advised the public to conduct foreign exchange transactions only through licensed banks and authorized institutions.
Since August 2025, a total of 90 suspects have been arrested nationwide, with 13 of them already charged and brought before the Accra Circuit Court.
Investigations are ongoing for the remaining cases.
Read statement below:
