420 People Arrested as BoG Pushes Intelligence-Led Crackdown on Financial Crimes

The Bank of Ghana says 420 individuals, including three foreign nationals, have been arrested in an operation targeting illegal online loan operators.

During an inter-agency security engagement at Bank Square on Wednesday, April 15, 2026, the Second Deputy Governor, Mrs Matilda Asante-Asiedu, attributed the outcome to improved coordination among law enforcement bodies, especially under the Law Enforcement Coordinating Bureau of the Inter-Ministerial Committee against Money Laundering and Related Crimes.

She noted that sustained inter-agency cooperation is key to disrupting criminal networks, protecting consumers, and ensuring that Ghana’s financial sector remains resilient and trustworthy.

The Bank of Ghana also reaffirmed its commitment to safeguarding the integrity and stability of the country’s financial system through stronger collaboration with state security agencies.

In her address, Mrs Asante-Asiedu stressed that protecting the financial system goes beyond regulatory compliance.

“Financial system integrity is a national security concern. When our institutions collaborate effectively, financial crimes become harder, riskier, and less profitable,” she said.

She underscored the importance of intelligence-led operations in confronting emerging threats, particularly cybercrime and illegal financial activities that undermine public confidence and economic stability.

The engagement brought together representatives from security institutions and financial sector regulators to align strategies for tackling money laundering, fraud, and other illicit financial flows.

The Bank of Ghana said it will continue to deepen partnerships with state security institutions to protect the financial system, support economic growth, and maintain confidence in Ghana’s digital and traditional financial services.

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