The Accra Regional Police Commander, DCOP Osabarima Oware Asare Pinkro II, said the suspects were arrested in an early morning swoop on a house at Alhaji Tabora.
From their possession, the police recovered 34 laptops and 48 mobile phones which the suspects allegedly used in committing crimes.
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The suspects are also linked to a dead body that was found wrapped at the Apenkwa neighbourhood two weeks ago.
The suspects are aged from 21 to 30.
Another suspect, Peter Konadu Frimpong, 34, who was on top of a storey building taking a video of the police action, was also arrested.
The suspects are identified as Ike Ogu, 24; Ike Iduozi, 23; Blessing Adebayo, 25; Awudu Abdul Razak, 23; Daley Emmanuel, 26; Moses Madjaki, 30; Onaghnise Osahou, 24; Peter Andrews,25; Benjamin Akumeze, 25; Kelvin Osayi, 23; Oforufemi Adrigu, 25, Anthony Irughe, 22 and Kelvin Uche, 22.
Others were Timothy Irughe, 22; Elvis Uzeogbu, 24; Owen Zakari, 24; Joe Steve Obozu, 29; Festus Owubu, 25; Abraham Femi, 24; Suleman Abudu, 25; Abraham Femi, 24; Age Michael, 25; Philip Aghariaha, 25; Nathaniel Owobu, 27; Teddy Atigbin, 23; Henry Onege, 27; Daniel Ukuokolo, 21; Osas Uhuns, 22; Kelvin Ola, 23, Lucky Osahou,21 and Yakubu Dido, 26.
The Accra Regional Police Commander, DCOP Osabarima Oware Asare Pinkro II, according to the Daily Graphic, the suspects were arrested in an early morning swoop on a house at Alhaji Tabora.
He said the police, acting on a tip-off, kept the house under surveillance before conducting the swoop.
DCOP Osabarima Oware Asare Pinkro II hinted that the police met almost all the suspects busily engaged in fraudulent cyber activities during the swoop around 7 a.m. last Saturday.
"The suspects were all living in one big house where they undertake their nefarious activities," he said.
Speaking on the dead body that was found wrapped at the Apenkwa neighbourhood, he noted that the victim had been killed somewhere and dumped at the place.
"The information was that he was beaten to death and wrapped and dumped there for leaking the group’s activities to a third party whom we cannot name. They saw it as a betrayal. We are investigating this case, in addition to the cyber crime cases," he added.
DCOP Pinkro indicated that the suspects will be arraigned before court, pending further investigations.