Efforts are being made by the police to arrest their accomplice who is believed to be at his hideout in Techiman or Tamale.
Two people have been arrested after they attempted distributing fake cedi notes at Adum, a suburb of Kumasi in the Ashanti Region.
Their names have been given as Dauda Issah, 31 and Osman Issah, 30.
Addressing the media on Monday, the Ashanti Regional Police Public Relations Officer, ASP Juliana Obeng said: The said suspects were arrested at their hideout in Adum and had in their possession, several fake ten (10) Ghana cedi notes which they intended to distribute into the system since it could easily pass as genuine."
She said the police, upon tip off, searched the homes of the suspects and found a money printing machine and 14 bundles of 10 Ghana cedi notes.
"The suspected fake 10 Ghana cedi notes were 14 bundles with each bundles amounting to 1,000 Ghana cedis," she said.
ASP Obeng added that: "Efforts are being made to arrest their accomplice, one Mallam-Rahaman Sulleyman, at his hideout in Techiman or Tamale."
The Police PRO said that the suspects and exhibits are in police custody and are being prepared for court.