The Director-General of the Criminal Investigation Department (CID) of the Ghana Police Service, Madam Yaako Donkor, has revealed that security agencies have stepped up operations against illegal foreign exchange trading in Accra.

The intelligence-driven crackdown, conducted in partnership with the Bank of Ghana (BoG), focused on hotspots including Tudu, Kwame Nkrumah Circle, the Airport area, and Osu.

“A total of 41 individuals, both Ghanaians and foreigners, were arrested for engaging in unauthorised forex trading,” Madam Donkor told reporters. She advised the public to carry out foreign exchange transactions only through licensed banks and authorised financial institutions.

Speaking at the CID Headquarters in Accra alongside BoG officials, Donkor detailed the ongoing efforts to curb illegal forex activities in the capital.

The operation coincides with the festive season, a period that attracts numerous tourists and returning residents who often rely on forex services. The CID warned that using unlicensed operators exposes people to fraud and other financial risks. Legal forex transactions, she noted, help protect users, uphold financial discipline, and enhance Ghana’s reputation as a secure destination, particularly during the December in GH campaign.

Madam Donkor reaffirmed the police service’s commitment to collaborating with regulatory bodies to sustain efforts against illegal forex trading and protect the integrity of Ghana’s financial system.