A major counterfeiting operation discovered in Sarpeiman, a suburb of the Ga West Municipality in the Greater Accra Region, has been exposed by National Security operatives.
During the operation, there was the discovery of official Bank of Ghana (BoG) cash boxes on the premises.
The case is now being viewed as a possible indication of insider involvement and a possible breach in the country’s financial regulatory system.
This fake money operation was discovered in February. It was happening in what looked like an abandoned building, hidden behind a small shop where people charge batteries.
The shop was run by an old man, known as the “Battery Doctor.” It’s thought that he was either unknowingly or knowingly helping to hide this gang.
In an inspection of the site, Richard Jakpa, Director of Special Operations at the National Security Secretariat, confirmed that the cash boxes found were genuine Bank of Ghana property. “Authorities have verified that these boxes are genuine,” Jakpa said, stressing the seriousness of the discovery and the implications for national financial security.
Investigations revealed that the facility housed ten 40-foot containers filled with counterfeit Ghana cedi and US dollar notes, as well as fake gold bars and gold-plated metals.
Jakpa added that two more containers, believed to be part of the operation, were removed shortly before security forces arrived at the scene—hinting at the possibility of inside information being leaked to the criminals.
The key suspect behind the syndicate is a man identified only as “Alhaji.” National Security operatives say “Alhaji” is a central figure in the operation, with evidence directly linking him to the counterfeit production hub.
“Alhaji is a key figure in this syndicate, and efforts are underway to bring him to justice,” Jakpa stated.
