In a shocking revelation, National Security officials have uncovered official Bank of Ghana (BoG) cash boxes at the center of a massive counterfeiting operation in Sapeiman. The discovery raises serious concerns over regulatory lapses and the vulnerability of Ghana’s financial security systems.
During a special tour of the crime scene, Richard Jakpa, Director of Special Operations at the National Security Secretariat, confirmed that the cash boxes were genuine BoG property, leading to questions about how such sensitive materials ended up in the hands of criminals.
The operation, which took place in February, uncovered one of the most sophisticated counterfeiting rings in recent years. Investigators found ten 40-foot containers filled with counterfeit cedi and US dollar notes, as well as fake gold bars that had begun to peel, revealing silver beneath. The operation was cleverly disguised as a local battery-charging shop operated by an elderly man referred to as the “Battery Doctor.”
Authorities have launched a manhunt for the suspected mastermind behind the operation, known only as “Alhaji.” The case has raised alarm over potential insider involvement and weaknesses in institutional safeguards that allowed legitimate BoG assets to be diverted into illegal hands. National Security has vowed to ramp up financial surveillance and ensure that those responsible are brought to justice.
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