The Criminal Investigation Department has arrested 41 suspects and seized more than GH¢1.2 million in a sweeping operation against illegal foreign exchange traders across Accra.
The joint exercise, carried out by the CID and the Bank of Ghana on Tuesday, December 9, 2025, focused on major forex hotspots including Tudu, Circle, the Airport zone and Cantonments.
CID Director-General COP Lydia Yaako Donkor told journalists that 29 suspects were rounded up in the initial raid, with a follow-up swoop pushing the number to 41.
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The operation yielded GH¢1,266,770, 100,000 CFA francs, 3,383,570 Nigerian naira,including e-cash captured from a Moneypoint device,and $5,105.
All recovered funds, she said, are being transferred to the Bank of Ghana as investigations continue.
COP Donkor recalled that a similar enforcement action on November 20 at Osu Oxford Street and Circle led to 28 arrests.
Since the nationwide operation began in August 2025, a total of 90 suspects have been picked up, with 13 already facing charges before the Accra Circuit Court.
She cautioned that the crackdown will not be restricted to Accra, urging unlicensed forex traders to stop or risk prosecution. Members of the public were also advised to conduct all foreign exchange transactions strictly through licensed banks.
The CID extended its appreciation to the Bank of Ghana for its support in the ongoing exercise.
