A suspected currency dealer has been arrested for possessing counterfeit GHC 50 notes  amounting to GHC 97,350 at Alajo in Accra.

Following a tip-off, the suspect, Yussif Iziya, 40, was arrested at his residence on Tuesday.

 According to the Director General of the Criminal Investigations Department (CID) of the Ghana Police Service, Mr Prosper Agblor, after thorough investigations, the police found the fake currency notes hidden in the suspect's room.

He said the police would continue with investigations to establish the truth or otherwise of another allegation that the suspect was also a narcotics dealer. He said the police also believed that the suspect was in league with other suspected criminals and gave an assurance that the CID was on their heels to arrest them.

Mr Agblor urged Ghanaians to always be on the lookout for people with suspicious movements and conduct and report them accordingly.