The Ashanti Region police intercepted about 3250 insecticide treated nets belonging to the Ghana Health Service (GHS) while they were being smuggled to Burkina Faso.
The nets were part of a consignment meant for free distribution to households to aid the fight against malaria, a report by myjoyonline.com said on Friday.
The nets were said to have been hidden in an apartment at Sabon-Zongo, a community in the region.
The report said the police acted upon a tip-off and found the nets with 35-year old Sidibe Hussein, a Burkinabe, who was arrested.
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The police have also launched a search for one Alhaji Sana, another Burkinabee, believed to be the key suspect in the theft, the report added.