Richard Jakpa Uncovers Alleged BoG Money Boxes At Sapeiman

A high-profile counterfeiting operation uncovered in Sapeiman has exposed alarming vulnerabilities in Ghana’s financial security systems after investigators confirmed the discovery of authentic Bank of Ghana (BoG) cash boxes at the crime scene.

Sophisticated Syndicate Operated Under Fake Front

The bust, conducted in February by National Security operatives, revealed a highly organized forgery ring operating behind an abandoned building disguised as a battery-charging shop. The front, managed by an elderly man referred to as the “Battery Doctor,” concealed a sprawling counterfeiting hub.

Inside, authorities found ten 40-foot containers packed with fake Ghana cedi and US dollar notes, as well as counterfeit gold bars—some of which had begun peeling, exposing silver-colored metal beneath. Richard Jakpa, Director of Special Operations at the National Security Secretariat, disclosed that two additional containers linked to the operation were moved just before the raid, suggesting prior intelligence may have been leaked.

Genuine BoG Property in Criminal Hands

Most disturbingly, Jakpa confirmed that the cash boxes recovered were not replicas but legitimate BoG property, raising serious concerns about how state-regulated financial materials ended up in the possession of a criminal network.

“Authorities have verified that these boxes are genuine,” Jakpa stated, hinting at possible insider involvement or institutional lapses that enabled the syndicate to access official banking assets.

Manhunt for Mastermind “Alhaji” Underway

Investigators are now pursuing the alleged ringleader, known only as “Alhaji,” who is believed to be connected to a wider criminal network. Jakpa confirmed that “solid evidence” ties him to the operation, though his whereabouts remain unknown.

Calls for Stronger Financial Oversight

The case has sparked urgent calls for tighter controls over BoG assets and enhanced monitoring to prevent similar breaches. National Security has pledged to intensify financial surveillance and ensure all involved face justice.

As the probe continues, questions linger over how deep the complicity runs and what systemic failures allowed such a sophisticated counterfeit ring to flourish undetected. The incident underscores the need for greater accountability within Ghana’s financial regulatory framework to safeguard the integrity of the national currency.

The case remains a top priority for security agencies, with further updates expected as new leads emerge.

Source: GhanaFeed.Com