A Financial Analyst, Mike Asamoa, is calling for a full-scale investigation into the alleged misuse of the Bank of Ghana’s (BoG) currency boxes, urging law enforcement agencies to take swift action.
In a recent statement, Mr.Asamoa explained how these boxes—designed for transporting currency in line with international best practices—are made of durable wood to withstand the rigors of logistics. After serving their official purpose, these boxes are sometimes passed on to commercial banks, who may return them empty or repurpose them for non-currency-related uses.
Mr. Asamoa highlighted that due to the boxes’ durability, some individuals have taken advantage of their sturdiness, using them for domestic and commercial purposes, including storage and transportation. However, he stressed that while the Bank of Ghana cannot be held responsible for such practices, reports have surfaced indicating that these boxes have been misused in ways that could tarnish the institution’s reputation.
“In the wake of these reports, it is imperative that law enforcement agencies thoroughly investigate any criminal use of these boxes,” Asamoa said. “Misuse for illicit activities could severely damage public trust in the Bank and undermine its credibility.”
The analyst’s comments come after a shocking discovery in Sarpeiman, a suburb of the Ga West Municipality in the Greater Accra Region. Authorities uncovered a sophisticated counterfeiting operation where genuine Bank of Ghana cash boxes were found in the possession of criminals.
During an exclusive inspection, Richard Jakpa, Director of Special Operations at the National Security Secretariat, confirmed that the cash boxes seized were indeed authentic Bank of Ghana property, marking a serious blow to the country’s financial security.
Investigations revealed the facility was filled with ten 40-foot containers stocked with counterfeit Ghanaian cedis and US dollar notes, as well as fake gold bars and gold-plated metals. Two additional containers were reportedly moved just before security forces raided the location, suggesting that inside information may have aided the criminals.
The operation is believed to be run by a central figure known only as “Alhaji,” who authorities say is directly connected to the counterfeiting ring. National Security operatives are working to apprehend him and dismantle the operation.
Mr. Jakpa emphasized the gravity of the situation: “This discovery raises serious concerns about national financial security. We are working tirelessly to bring the perpetrators to justice.”
As the investigation continues, the public awaits answers on how such an elaborate scheme managed to operate under the radar for so long—and how the misuse of Bank of Ghana property could jeopardize the country’s financial system.
Source:TheDotNews