Director of Special Operations at the National Security Secretariat, Richard Jakpa led a team of about 20 armed men in a raid on the private residence of Dr. Ernest Addison, former Governor of the Bank of Ghana.

The incident took place on the morning of Wednesday, March 19, 2025, at Dr. Addison’s home in Roman Ridge, Accra. The heavily armed operatives, some masked and carrying AK-47 rifles, reportedly disabled the property’s CCTV system upon arrival before proceeding with their operation.

According to Asaase News, the security officers demanded to be taken to “vaults” within the house.

Dr. Addison, however, insisted that no such vaults or large sums of cash were stored on the premises. Despite his denial, the operatives allegedly went ahead and ransacked the house.

Sources indicate that no vaults or significant cash amounts were found during the search. Before leaving, the security team took the CCTV monitor and control unit from the residence.

A close associate of Dr. Addison described the ordeal as traumatic for the former Governor, his wife, and their entire family.

A retired senior official of the Bank of Ghana, reacting to the development, expressed concern“This is the first time in the history of Ghana that such a thing is happening to a Governor of the Bank of Ghana. This is both scary and messy”.

This marks at least the second raid of its kind led by Jakpa since President John Mahama assumed office on January 7, 2025.

A similar operation was carried out on February 10, 2025, when over 15 armed men stormed the Labone residence of Ken Ofori-Atta, Ghana’s longest-serving Finance Minister.

Unlike Dr. Addison’s case, the raid on Ofori-Atta’s home was caught on CCTV, with the footage later released to the public.