Ghana recovers over $15 million from international cryptocurrency fraud network

The Attorney General, Dr Dominic Ayine, has announced that Ghana has recovered more than $15 million from an international organised online crime network that defrauded Ghanaians through cryptocurrency schemes.

Speaking at the Government’s Accountability Series on Thursday, Dr Ayine highlighted the collaborative efforts of the Economic and Organised Crime Office (EOCO) and other investigative agencies in protecting the country’s financial interests.

“EOCO successfully used our local laws to freeze and recover virtual assets hidden in foreign jurisdictions. As a result, on November 19, 2025, Zodia Custody successfully converted the said crypto assets of the criminal enterprise and paid the same into the EOCO exhibit account in the amount of $15,191,730.13,” he said.

He explained that the criminal network deliberately targeted Ghanaians and laundered the proceeds through digital currencies.

“As demonstrated, the criminal enterprise targeted our citizens, defrauded them, and laundered the proceeds into cryptocurrencies such as Bitcoin and USDT,” he added.

Dr Ayine stressed that the recovered funds mark a major victory for law enforcement. “Millions of funds which were looted out of the country have been successfully returned to our motherland,” he emphasised.

He further announced that the victims will be identified and reimbursed. According to the Minister, the recovery underscores the government’s commitment to combating transnational cybercrime, strengthening enforcement in the financial and digital sectors, and upholding the rule of law.