A Financial Analyst, Mike Asamoa is calling on the law enforcement agencies to th0rough investigate what he terms as the issue of the Bank of Ghana’s currency box.
In a statement explaining how the BoG’s currency boxes are hamlded, Mr Aamo said that “In line with international best practice, Bank of Ghana’s currency import operations utilize highly durable wooden boxes designed specifically to ensure the safe transportation of currency.
These boxes are robust, reusable, and well-suited to withstand wear and tear associated with logistics. Occasionally, these boxes, after fulfilling their official purpose, are issued to commercial banks, which may later return them empty or make them available for non-currency-related use.
Due to their durability, some members of the public have repurposed these boxes for domestic and commercial uses, including storage and transport. Therefore, the BOG cannot be associated with any misuse of these boxes for criminal or unauthorized activities. Reports have emerged indicating that certain individuals are using these boxes in ways that implicate the Bank or undermine public trust in its operations.
“Misuse of such boxes for criminal activities must be thoroughly investigated by law enforcement agencies and prosecute all persons found culpable. The use of these boxes in any manner that could suggest official sanction could compromise the reputation of the Bank.”
His comment follows the counterfeiting operation discovered in Sarpeiman, a suburb of the Ga West Municipality in the Greater Accra Region, which discovered official Bank of Ghana cash boxes on the premises.
The operation was allegedly masked by an elderly man known locally as the “Battery Doctor,” believed to be unknowingly—or perhaps knowingly—shielding one of the most sophisticated counterfeit syndicates seen in recent years.
In an exclusive inspection of the site, Richard Jakpa, Director of Special Operations at the National Security Secretariat, confirmed that the cash boxes found were genuine Bank of Ghana property. “Authorities have verified that these boxes are genuine,” Jakpa said, stressing the seriousness of the discovery and the implications for national financial security.
Investigations revealed that the facility housed ten 40-foot containers filled with counterfeit Ghana cedi and US dollar notes, as well as fake gold bars and gold-plated metals. Jakpa added that two more containers, believed to be part of the operation, were removed shortly before security forces arrived at the scene—hinting at the possibility of inside information being leaked to the criminals.
The key suspect behind the syndicate is a man identified only as “Alhaji.” National Security operatives say “Alhaji” is a central figure in the operation, with evidence directly linking him to the counterfeit production hub. “Alhaji is a central figure in this syndicate, and efforts are underway to bring him to justice,” Jakpa stated.
The post Investigate ‘misuse’ of Bank of Ghana’s currency boxes thoroughly – Financial Analyst tells law enforcers first appeared on 3News.
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