The arrests followed six intelligence-led operations conducted between June 12 and July 24, 2026, after months of covert investigations into suspected networks involved in the production, possession and distribution of counterfeit Ghanaian and foreign currencies.

According to the NSCS, the operations resulted in the seizure of four counterfeit-currency printing machines, six vehicles and two motorcycles allegedly used by the networks to produce, transport and distribute the fake currencies.

Security agencies also recovered US$543,000, GH¢196,600 and CFA60,000 in counterfeit notes that were reportedly ready for circulation.

In addition, investigators seized currency coupons awaiting processing and printing valued at US$5.29 million, GH¢19.55 million and CFA623.55 million. The NSCS distinguished these coupons from finished counterfeit notes, saying they were yet to be processed and printed.

The operations covered several locations, including Amuzu near Kasoa, Adjiringanor, Lashibi, Klagon, Lakeside, Nii Boi Town, Achimota and Amasaman.

At one operation near Lakeside, investigators seized five boxes containing counterfeit GH¢200 notes with an estimated face value of GH¢12.42 million, together with two motorcycles. In another operation at Amuzu, a printing machine, fake gold bars, mobile phones and assorted counterfeit notes were recovered.

The NSCS further disclosed that some of the alleged networks used religious facilities, residential properties and commercial premises as cover for their operations. The religious premises were reportedly used to conceal printing equipment and store materials and finished counterfeit currency.

The 16 suspects have been remanded into state custody, while case dockets have been submitted to the Office of the Attorney-General and Ministry of Justice. Prosecution proceedings are ongoing at the Accra High Court, General Jurisdiction.

Security agencies are continuing efforts to locate other suspects identified during the investigations.

The NSCS has urged financial institutions, property owners and administrators of religious facilities to remain vigilant and report suspicious high-volume printing activities and unusual foreign-currency transactions.

The suspects remain legally presumed innocent unless proven guilty by a court.

Photo courtesy: Graphic Online.