Pastor, Fetish Priest Arrested as National Security Dismantles Major Counterfeit Currency Networks
The National Security Council Secretariat (NSCS), in collaboration with other security and intelligence agencies, has dismantled several organised networks involved in the alleged large-scale production, possession and distribution of counterfeit Ghanaian and foreign currencies.
The operations, conducted between June 12 and July 24, 2026, involved six coordinated intelligence-led raids across the Greater Accra Region and surrounding areas. The operations resulted in the arrest of 16 suspects and the dismantling of four counterfeit currency printing hubs.
Security agencies also seized four currency-printing machines, six vehicles and two motorcycles allegedly used in the production, transportation and distribution of the counterfeit currencies.
According to the NSCS, the raids led to the recovery of finished counterfeit notes valued at approximately US$543,000, GH¢196,600 and CFA 60,000. Investigators also seized unprocessed currency coupons with face values of about US$5.29 million, GH¢19.55 million and CFA 623.55 million.
Religious centres allegedly used as cover
The security operation also uncovered the alleged use of religious premises to conceal counterfeiting activities.
At Klagon, a search of a religious facility reportedly revealed that administrative offices and residential quarters were allegedly being used as a production and storage facility.
The NSCS said the premises were allegedly used to mask the noise and vibration generated by printing machines and to reduce suspicion within the surrounding community.
Rev. Emmanuel Boakye-Danquah, who has been linked to the Klagon facility, remains at large, according to reports.
Earlier, on June 12, security personnel raided a residential compound in Amuzu, a suburb of Kasoa, which was allegedly operating under the cover of a traditional spiritual centre. One suspect, Nana Nyarko Derrick Dapaah, was arrested, while a printing machine, suspected fake gold bars, mobile phones and counterfeit currency were seized.
Suspects handed over for investigation
The NSCS said all 16 arrested suspects and the exhibits recovered during the operations have been handed over to the Bureau of National Intelligence (BNI) for forensic examination.
Case dockets have also reportedly been submitted to the Office of the Attorney-General and Ministry of Justice, with prosecution proceedings underway at the Accra High Court.
The NSCS said the operations were aimed at protecting the integrity of Ghana’s currency and preventing activities that could undermine the country’s financial system.
Authorities have urged the public, financial institutions, property owners and administrators of religious facilities to remain vigilant and report suspicious activities, particularly unusual printing operations and questionable high-volume foreign currency transactions.
