Circle - Ghana News Express

The Ghana Police Service, in collaboration with the Bank of Ghana (BoG), has arrested forty-one (41) suspects in a coordinated operation targeting illegal foreign exchange trading across parts of Accra. The operation, conducted on December 9, 2025, by the Operations Unit of the Criminal Investigation Department (CID), covered major trading hubs including Tudu, Kwame Nkrumah Circle, Airport, and Osu. Those arrested include Ghanaians as well as nationals from Togo, Benin, and Niger. During the exercise, police retrieved large sums of both local and foreign currencies. The cash recovered included GHS 1,266,770, CFA 100,000, NGN 3,383,570—with NGN 1,266,770 traced to an electronic money point machine (e-cash)—and USD 5,105. This latest operation follows a similar enforcement exercise ...

Onafriq, Africa’s largest payments gateway, and Circle, stablecoin market leader and issuer of USDC, today announced their strategic partnership aimed at transforming cross-border payments and digital financial services. This collaboration marks a significant step towards compliantly leveraging stablecoins and blockchain infrastructure to boost Onafriq’s payment network, positioning it at the forefront of the digital payment’s revolution for real-world financial applications. Currently, over 80 percent of intra-African payments are routed through correspondent banks outside the continent and settled in foreign currencies such as the US dollar or Euro. This results in a staggering US$5 billion in transaction fees annually and undermines economic integration efforts. Onafriq and Circle ar...

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Police Arrest 41 in Joint Crackdown on Illegal Forex Trading

Onafriq Partners with Circle to power remittances and cross-border payments with USDC