The Office of the Special Prosecutor (OSP) has unveiled a counterfeiting syndicate operating in Accra and Tema, exposing it as a major producer of fake foreign currency.

The announcement, made through social media on December 15, revealed that the syndicate was involved in the production of a substantial amount of counterfeit foreign currency, with seized amounts totalling US$40 million.

The operation took place in two warehouses located in Accra and Tema, where the counterfeit funds were discovered concealed in steel trunks.

The OSP's disclosure is part of an update on various cases it is pursuing under its comprehensive fourfold mandate, which includes investigations, prosecution, asset recovery and management, and the prevention of corruption.

“OSP has disrupted a syndicate involved in the production of a substantial amount of counterfeited foreign currency. Seizures were made in two warehouses located in Accra and Tema, where a substantial amount of counterfeited forty million dollars ($40,000,000.00) was discovered concealed in steel trunks.

The post further noted that the OSP has been actively engaged in addressing these matters since August 2021, with efforts aimed at concluding various cases under its mandate.

“Since August 2021, the Office of the Special Prosecutor (#OSP) has been actively engaged in a range of activities as part of its comprehensive fourfold mandate, which includes investigations, prosecution, asset recovery and management, and the prevention of corruption.”