- A businessman has been charged with defrauding a woman of GH¢500,000 in a failed gold transaction.
- The accused allegedly promised to deliver 5kg of gold but disappeared after receiving the funds.
- He was granted bail of GH¢600,000 with strict conditions and is expected to reappear in court on September 13.
- The case has raised concerns about trust and accountability in Ghana’s gold trade.
A businessman accused of swindling a woman out of GH¢500,000 in a gold deal has been granted bail by an Accra Circuit Court. The accused allegedly promised to supply 5kg of gold but failed to deliver after receiving the funds.
The transaction reportedly began during a trip to South Africa in December 2024, where the complainant discussed her husband’s gold business over the phone. The accused, who overheard the conversation, offered to supply gold if she could provide the funds. Trusting the offer, the couple transferred money through bank accounts, mobile money, and cash.
After receiving the payment, the accused allegedly cut off communication and went into hiding. The complainant later filed a police report, leading to his arrest. During questioning, he admitted taking the money but claimed to have handed it over to another individual, whom he failed to help police locate.
The court has granted bail set at GH¢600,000, requiring two sureties with valid land title deeds. The original documents must be deposited at the court registry. The case has been adjourned to September 13, 2025, for further proceedings.
