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

Court News

A businessman, Sulemana Dawuda, has been granted bail. The bail amount is GH¢200,000. This decision was made by the Dansoman Circuit Court. Dawuda is accused of defrauding a foreign exchange trader of US$13,000.

The court's ruling was made by Her Honour Halimah El-Alawa Abdul-Baasit. Three sureties are required for the bail. Each surety must be a public servant earning at least GH¢2,000. They must also live within the court's jurisdiction.

Dawuda, who is 48 years old, must deposit his Ghana Card with the court. He is also required to report to the police every two weeks until further notice.

The prosecution is led by Chief Inspector Armah Aboagye Kwadwo Anim-Kissi. They must file all witness statements and disclosures by June 23, 2025. This is in preparation for the case management conference.

Dawuda faces one count of defrauding by false pretence. This charge falls under Section 131(1) of the Criminal Offences Act, 1960 (Act 29).

Background

The complainant in this case is Ashim Salifu. He works as a foreign exchange trader in Tudu. Dawuda also operates as a businessman in that area.

On March 3, 2025, Dawuda approached Munkaila Adamu for help. He claimed he needed US$13,000 for a client wanting to exchange it for cedis. Adamu collected cash from Salifu and gave it to Dawuda.

Dawuda promised to return with GH¢205,400 in cedis but did not show up. He became unreachable after that day.

Three days later, police tracked down and arrested him. During questioning, he could not produce the funds but asked for more time to repay them. So far, he has refunded GH¢60,000 to the police.

The case has been adjourned pending further disclosures.