News
Police arrest 41 in joint operation against illegal forex trade
The Criminal Investigation Department of the Ghana Police Service has arrested 41 people in a joint operation with the Bank of Ghana to clamp down on illegal foreign exchange trading in parts of Accra.
The suspects, made up of Ghanaians, Togolese, Beninese and Nigeriens, were picked up on 9 December 2025 during operations at Tudu, Kwame Nkrumah Circle, Airport and Osu.
Police recovered more than GHS 1.2 million, CFA 100,000, over NGN 3.3 million including amounts on an electronic money point machine and USD 5,105.
The Police noted that this is part of an ongoing nationwide crackdown on illegal forex trading, which began in August 2025. So far, 90 suspects have been arrested across the country.
Thirteen have already been charged and put before the Accra Circuit Court, while investigations continue into the remaining cases.
A similar operation carried out on 20 November at Osu Oxford Street and Kwame Nkrumah Circle also led to the arrest of 28 people.
They were granted police inquiry bail as investigations continue. Various amounts of Ghana cedis and foreign currencies were seized during that exercise.
The Police said all recovered cash has been secured and sent to the Bank of Ghana for safekeeping.
They reminded the public to conduct foreign exchange transactions only through licensed banks and authorized institutions, warning that offenders will be arrested and prosecuted.
The Service expressed appreciation to the Bank of Ghana for its continuous support in efforts to eliminate illegal forex activities.
By: Jacob Aggrey
The Chairperson of the Public Accounts Committee (PAC) Abena Osei Asare has expressed concerns about the failure of the Administrator of the Ghana Education Trust Fund (GETFund) Mr. Paul Adjei to honour invitation of the Committee to assist in dealing with abandoned projects cited in the 2024 Auditor-General’s report.
She emphasised that some of the projects have been abandoned for more than 20 years and it kept reoccurring in the Auditor-General’s report yearly, stressing that the GETFund Administrator could assist by prioritising these projects.
However, he has failed to personally appear before the Committee since the commencement of the Committee’s public hearing in the 9th Parliament.
According to the 2024 Auditor-General’s report on Pre-University Educational Institutions, nine (9) Institutions with 16 projects awarded by the GET Fund Secretariat had been abandoned/delayed for a period ranging between three (3) and 28 years.
Some of the affected schools include Adanwomoase Senior High School (Boys and Girls dormitory abandoned for 12 years), Atoa Senior High School (Home Economics Block abandoned for 27 years), Beposo Senior High School (Dinning Hall and Kitchen Complex abandoned for 10 years and lastly KNUST Senior High School (Three storey classroom block abandoned for 20 years).
The Parliamentary Select Committee on Energy continued its oversight responsibilities with a working visit to the National Petroleum Authority (NPA) yesterday.
Chairman of the Committee, Emmanuel Kwasi Bedzrah, said the visit formed part of efforts to familiarize members with the Authority’s operations and to explore ways Parliament could provide the necessary support.
He explained that the NPA’s work is focused on regulating Ghana’s downstream petroleum sector, a critical area for national energy security.
Mr. Bedzrah noted that the Committee is particularly interested in assessing whether the country has adequate petroleum stock to meet demand.
He noted that rising geopolitical tensions, including the ongoing US–Iran conflict, could have adverse effect on Ghana’s energy supply and pricing.
He further disclosed that the Committee intends to engage closely with the Authority on a proposed new petroleum bill.
According to him, a draft of the legislation will be reviewed and possibly presented to Parliament under a certificate of urgency.
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