Businessman granted GH¢200,000 bail over alleged US$13,000 forex fraud

A businessman, Sulemana Dawuda, has been granted bail in the sum of GH¢200,000 by the Dansoman Circuit Court for allegedly defrauding a foreign exchange trader of US$13,000 under the pretext of converting the amount into Ghana cedis.

The bail, granted by Her Honour Halimah El-Alawa Abdul-Baasit, is to be executed by three sureties, who must each be public servants earning not less than GH¢2,000 and residing within the court’s jurisdiction.

As part of the bail conditions, the 48-year-old accused is to deposit his Ghana Card with the court’s registry and report to the police every two weeks until further notice.

The prosecution, led by Chief Inspector Armah Aboagye Kwadwo Anim-Kissi, was also directed to file all witness statements and disclosures by June 23, 2025 ahead of the case management conference.

Dawuda faces one count of defrauding by false pretence, contrary to Section 131(1) of the Criminal Offences Act, 1960 (Act 29).

Background

According to the prosecution, the complainant, Ashim Salifu, is a foreign exchange trader based at Tudu, while the accused also operates as a businessman in the same area. On March 3, 2025, Dawuda allegedly approached a third party, Munkaila Adamu, claiming he needed US$13,000 for a client who wished to exchange the amount for cedis.

Adamu then collected the cash from Salifu and handed it to Dawuda, who promised to return with the cedi equivalent of GH¢205,400.

However, the accused failed to return as promised and could not be reached.

After three days, Dawuda was tracked down and arrested. During police investigations, he was unable to produce the funds, but pleaded for more time to make restitution. He has since refunded GH¢60,000 to the police.

The case has been adjourned pending further disclosures.

 

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