OSP arrests $40m counterfeit manufacturing network

• Posted on December 19, 2023December 19, 2023
• by Nana Kwesi Coomson
• Comment

In a major operation against corruption, the Office of the Special Prosecutor (OSP) has successfully disrupted a syndicate involved in the large-scale production of counterfeit foreign currency.

The operation led to the seizure of a substantial amount of counterfeit currency, estimated to be worth forty million dollars ($40,000,000.00).

Acting on credible intelligence, the OSP conducted simultaneous raids at two warehouses located in Accra and Tema. During the raids, law enforcement officials discovered steel trunks painstakingly concealing the counterfeit currency. The seized counterfeit money has been confirmed to be manufactured with the intention of deception on a significant scale.

The special task force, comprising members of the OSP and the Ghana Police Service, conducted the raids with utmost precision and professionalism. The operation was part of ongoing efforts to combat corruption and protect the country’s integrity.

In an update on social media, the OSP highlighted the gravity of the syndicate’s activities and the significance of their disruption.

“The production and circulation of counterfeit currency pose a grave threat to our economy and the trust placed in our financial systems. This operation represents a substantial blow to the network responsible for manufacturing such fake currency,” stated the spokesperson.

Further investigations are underway to identify the masterminds behind the operation and establish the extent of the syndicate’s reach.
The OSP said it committed to pursuing justice and ensuring that those responsible for this illicit activity face appropriate legal consequences.

The successful disruption of this counterfeit foreign currency manufacturing network is a testament to the dedication and effectiveness of the OSP and its partners in combating corruption. By taking decisive action against such criminal activities, the OSP is reinforcing its commitment to the prevention and prosecution of corruption in Ghana.

The seized counterfeit currency has been securely stored as evidence, and the authorities are set to take appropriate legal action against the culprits. The OSP urges citizens to remain vigilant and report any suspicious activities related to counterfeit currency or any other forms of corruption to the relevant authorities.

The operation marks a significant step forward in the fight against corruption and upholding the integrity of Ghana’s financial systems.

By Vincent Kubi