It is comparable to 1.5 million Ghanaian cedis.
Aremu Timothy Adeyboyegu, the suspect, was detained while riding as a passenger on a motorcycle that he was using to enter Ghana.
The cash was discovered in a rucksack he was wearing along with legitimate notes for CFA843,000 and 110,500 Naira.
With assistance from the Ghana Immigration Service, the Narcotics Control Commission, the Ghana Armed Forces, and the Ghana Police Service, which are all involved in border management at the Aflao-Ghana border, he was apprehended by members of the Customs Division of the Ghana Revenue Authority.
The suspect was apprehended last Tuesday about 4 p.m. while being monitored by the division’s surveillance operations, according to Alhaji Seidu Iddrisu Iddisah, Commissioner of the GRA’s Customs Division.
Depending on the findings of the investigation, he stated that he would be turned over to the police for prosecution.
He declared that the suspect had broken the law on accurate money declaration and that he would face charges for trying to circulate counterfeit money in Ghana.
He continued, “If there is a need to notify our Nigerian counterparts and other security authorities in the sub-region, we will do so,” noting that the suspect’s actions might have further criminal ramifications. According to the legislation, he stated, “products must enter Ghana via the recognised method and must be declared to the customs officials who will ask if the person requires a permit or licence, or will intercept them if they are prohibited goods.”
He added that investigations would reveal whether the money the suspect was carrying was the profits of additional crimes.
“Investigations will help identify who printed the currency, how it was printed, and to whom he was bringing it in Ghana. It takes some knowledge to recognise a fake currency, and most dealers might overlook such security features unless they take the currency to a bank or other establishment with a system for spotting fake money” he said.