National Security arrests 16, seizes millions in a major counterfeit currency bust in Accra

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One of the suspects arrested

The National Security Council Secretariat (NSCS) has led a special operation with other state security and intelligence agencies to dismantle a high-level transnational syndicate operating a large-scale counterfeit currency printing operation in the Greater Accra Region.

In a statement issued on Tuesday, September 22, the NCSC disclosed that the operation was carried out between 12th June 2026 and 24th July 2026, led to the arrest of sixteen principal suspects across four printing hubs and the seizure of over $540,000, GH¢196,000 and CFA 60, 000 of ready-to-use counterfeit denominations.

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Unprinted currency coupons also recovered from the sites include over $5.2 million, over GH¢19.5 million, and over CFA 623 million.

According to the NCSC, the 16 arrested suspects, together with physical and digital exhibits, have been transferred to the Bureau of National Intelligence (BNI) for forensic examination and further legal processes.

They further disclosed that dockets had been completed and submitted to the Office of the Attorney-General and Ministry of Justice, with prosecution proceedings ongoing at the Accra High Court, General Jurisdiction.

Meanwhile, the NCSC has revealed that one Rev Emmanuel Boakye-Danquah, a Ghanaian pastor, is on the run after allegedly turning his church, the Holy Ghost Fire Hour Ministry International in Klagon, into a counterfeit printing hub.

According to the National Security Council Secretariat (NSCS), Rev Emmanuel Boakye-Danquah is wanted in connection with an alleged counterfeit currency operation uncovered at his church.

The National Security Council Secretariat identified Rev Emmanuel Boakye Danquah’s church as the location where a substantial quantity of counterfeit production coupons and equipment was discovered following a National Security-led investigation into the operations of a transnational counterfeiting syndicate.

The NSCS disclosed that its investigators initially raided an office facility at Lashibi and Klagon, where five suspects were arrested, and printing equipment was recovered.

They further disclosed that intelligence subsequently led security operatives to the headquarters of the religious facility at Klagon, and the operation resulted in the seizure of a printing machine and two operational vehicles.

A search of the church premises reportedly revealed that the administrative offices and residential quarters were being used as a major production and storage facility.

Authorities reportedly seized over US$5.2 million, CFA 623 million and GH¢7.1 million in counterfeit coupons yet to be processed and printed.

In the meantime, the pastor is being sought as part of a wider investigation into alleged criminal networks involved in the large-scale printing, possession and distribution of counterfeit Ghanaian and foreign currencies.

Also, a fetish priest, Nana Nyarko Derrick Dapaah, has been arrested by national security operatives after a counterfeit printing hub was discovered at his shrine in Amuzu, Kasoa.

During the raid on his base, operatives recovered one(1) printing machine, fake gold bars, five(5) mobile devices, US$477,500, GH¢195,990 and CFA60,000 in counterfeit notes ready to be spent.

The NSCS have disclosed that intelligence gathered during the nationwide crackdown indicated that some of the syndicates allegedly exploited churches and administrative premises of religious organisations as cover for their activities.

They further noted that such premises allegedly provided a level of concealment for printing equipment and counterfeit materials while reducing suspicion around activities taking place there.

See the statement below:

@ghnow_ NPP National Organiser Nana B has called for the removal of the heads of Ghana’s security agencies over concerns surrounding drug-related activities in the country. #GHnow #fyp ♬ original sound – GHnow
@ghnow_ Breaking News: Three suspects have been apprehended. #GHNow #missingperson #fyp ♬ original sound – ADAAMAINA
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