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8 arrested in Accra black market crackdown

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Some eight persons engaged in illegal foreign exchange trading have been arrested by National Security task forces on the streets of Accra.

The arrest is a part of a larger operation by many security services to stabilise the foreign exchange market and stop the depreciation of the Ghanaian cedi.

The operation was carried out in Osu, Tudu, Kwame Nkrumah Circle, and the Airport by a joint task force made up of the Ghana Police Service, National Intelligence Bureau, National Fusion Centre of the Ministry of National Security, Financial Intelligence Centre (FIC), Bank of Ghana (BoG), Ghana Immigration Service, and other security and intelligence agencies.

Read Also: Update on Accra Forex black market crackdown

The suspects include six foreign nationals and two Ghanaians.

The operation also resulted in the seizure of GH¢156,074 and CFA5,000 from the suspects.

Two individuals, Abdulrahman Younoussa and Yakubu Mohammed, were arrested at Osu.

Upon arrest, a total of GH¢8,444 and CFA5,000 were found on them.

Abdul Razak Abdul Karim was also arrested at Tudu, where GH¢30,050 was retrieved from him.

At Circle, the task force arrested Nasil Nuhu and Abdul Waheed and retrieved GH¢18,495 from them.

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The other suspects include Zakari Suley, who was arrested at Circle with GHe40,520, and Abdulai Karim, alias Nii Tettey Addo, and Sani Iddrisu Mohammed, who were arrested at the Airport area, with GH¢18,445 and GH¢40,120 retrieved from them, respectively.

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