Public Notice: GRA Intercepts Fake CFA 80m Currency in Ghana -Details Drop

Public Notice: GRA Intercepts Fake CFA 80m Currency in Ghana -Details Drop.

The customs division of the Ghana Revenue Authority (GRA) says it has intercepted 80 million fake currency notes with CFA inscriptions in the country..

According to customs, the suspect identified as Arimu Timothy Adipoe was arrested at one of the beats along the Aflao border on a motorbike through the collaboration of other security agencies when he attempted to sneak the fake money into the country..

Addressing the press, the Commissioner in charge of customs division, Seidu Iddrisu Iddisah explained that “Yesterday [Tuesday] around 4pm, our officers on duty at the Anapro road, under the Aflao connection stopped an Okada rider with passenger carrying a backpack

He said such fake currencies contribute negatively to the economy and further depreciate the Ghana cedis when exchanged for genuine ones.

“He [suspect] will change the fake CFA into naira, get genuine currency and send it back, and we will be losing foreign exchange and will be circulating fake foreign currency in our system,” the Commissioner in charge of customs division stated.

Seidu Iddrisu said further investigation will establish the motive for importing fake currency into the country.

“Investigation is going on, we have cooperation with other agencies, so if it means contacting the Nigerian customs we will do it,” he indicated.

citinewsroom.com