A 32‑year‑old man accused of defrauding a businessman of GH¢1,860,000 under the guise of being a bank official has appeared before an Accra Circuit Court. 

The accused, Alexander Adusei Gyan, allegedly collected the amount after promising to assist the complainant to secure a GH¢3 million loan facility. 

The prosecution told the court that the complainant, a businessman residing at Ofankor in the Ga North Municipality, was deceived into making payments to Gyan, who is unemployed and lives at Ablekuma, Accra. 

The prosecution said in October 2024, Gyan presented himself as a staff of a reputable bank and assured the complainant that he could secure the loan if contributions of GH¢2,000 to GH¢10,000 were deposited over a one‑year period. 

Based on this representation, the complainant made payments totalling GH¢1,860,000 through a mobile money account bearing Gyan’s name, with receipts acknowledged each time. 

The prosecution said Gyan later instructed the complainant to open an account at the bank’s Achimota branch, but after receiving the money, blocked all communication and went into hiding. 

The complainant reported the matter to police, leading to Gyan’s arrest.  

In his caution statement, Gyan admitted the offence and mentioned an accomplice, Desmond Osei, but failed to lead investigators to him. 

Charged with defrauding by false pretences, Gyan pleaded not guilty.  

The court initially admitted him to bail in the sum of GH¢2 million with three sureties, one justified with landed property and two public servants earning GH¢5,000 monthly. 

Unable to meet the conditions, his counsel applied for a review.  

The court reduced the bail to GH¢500,000 with two sureties, one justified with property and the other a public servant earning GH¢4,000 monthly.  

The sureties were ordered to deposit copies of their Ghana Cards at the court registry.