Five people arrested in connection with the printing of counterfeit GH¢200 and $100 notes totalling GH¢2.3 million and $191,900 have been granted bail.
Their bail followed their third appearance before an Accra Circuit Court on Monday, July 7, 2025.
Shubham Sharma, General Manager and first accused, was admitted to bail in the sum of GH¢500,000 with two sureties—one to be justified and the other a public servant earning not less than GH¢5,000.
The court directed him to deposit all travel documents with the Court Registry and ordered the Police to place a “Stop Order” at all exit points. He must also report to the Police weekly.
James Mozu Bonaparte, a graphic designer, and Prince Owusu Ahenkorah, a photographer and video director, were each granted bail of GH¢300,000 with similar surety conditions.
Both were ordered to deposit their travel documents at the Court Registry.
Jonathan Kwame Appiah and Solomon Adjetey Adjei, both graphic designers, were granted bail of GH¢200,000 each, with two sureties—one to be justified and the other a public servant earning at least GH¢2,000.
As part of their bail conditions, all five accused are to report to the Police once a week.
They are jointly charged with conspiracy to commit a crime and were arrested at separate locations in Accra. Sharma, Bonaparte, and Ahenkorah face an additional charge of possession of forged notes, while Appiah and Adjei are charged with uttering forged notes.
The court, presided over by Mr Samuel Bright Acquah, is yet to take their pleas.
The case has been adjourned to July 22, 2025, and the prosecution, led by Chief Inspector Wisdom Alorwu, has been ordered to file disclosures.
According to sources, the complainant is an Accra-based businessman.
The accused were arrested on June 16, 2025, following intelligence received by the Police.
Sharma is alleged to have stolen $230,000 from the businessman’s bedroom safe after misappropriating company funds.
He reportedly replaced the stolen cash with counterfeit Ghana cedis and US dollars.
A search at the company’s cash office at Adabraka Industrial Area uncovered fake GH¢200 notes totalling GH¢2,318,000 and $100 notes amounting to $191,900.
Sharma is said to have admitted to keeping the fake currency in the office.
Investigations revealed that Sharma paid Bonaparte GH¢25,000 for the fake cedis and GH¢15,000 for the counterfeit dollars.
Bonaparte and Ahenkorah are alleged to have conspired to supply Sharma with the fake notes.
Security officers later retrieved five bundles of fake GH¢200 notes from Ahenkorah, who mentioned Appiah as his accomplice.
Appiah, who manages the printing press, allegedly supervised the printing of the fake currency and led Police to Adjei, who is said to have handed the fake notes to Ahenkorah.
