 |
 |
| << Back Poser >> |
| Court remands farmer over GH¢110,000 car fraud |
The accused, Richmond Osei Sarfo, has denied conspiring with others, currently at large, to defraud Mr Raphael Kwoa, an accountant residing at Mataheko, Accra, under the pretext of selling him a vehicle. Sarfo is expected to assist police in arresting his alleged accomplices and will reappear before the court on January 29, 2026. Police Chief Inspector Salifu Nashiru, prosecuting, told the court, presided over by Justice Alexander Graham, a High Court Judge with additional responsibility at the Circuit Court, that the accused was part of a syndicate involved in car fraud within Accra and its environs. In July 2024, prosecution said the complainant saw an advertisement for an unregistered Hyundai Tucson 4×4 on the Jiji online marketing platform. He contacted the number attached to the advert and was directed to the purported owner after being told the advertiser was only an agent. After negotiating a price of GHC120,000, the complainant was directed to meet the accused at Amasaman. On July 22, 2024, the complainant sent a friend to inspect the vehicle at Sonitra, and later joined him after receiving a favourable report. The prosecution said the complainant met the accused at the Amasaman Government Hospital, where Sarfo claimed to work as a medical practitioner. The accused, together with his alleged brother, handed over the vehicle documents for verification. Satisfied with the documents, the complainant paid GHC110,000. Sarfo then asked his “brother” to accompany the complainant to where the vehicle was parked. However, while travelling in a taxi, the alleged brother jumped out during traffic and fled with the ignition key. The complainant later failed to trace both the accused and the vehicle. Investigations revealed that the documents used were not original, and the actual owner of the vehicle provided authentic documents to the police. Police surveillance led to the arrest of the accused on January 9, 2026, when he was allegedly involved in a similar offence at Achiaman. An identification parade held on January 12, 2026, at the Amasaman Divisional Police Headquarters, saw the complainant and his friend positively identify Sarfo. Although the accused applied for bail, citing fixed abode and availability of sureties, the prosecution opposed the application, leading to the court remanding him into custody. Source: GNA The post Court remands farmer over GH¢110,000 car fraud appeared first on Ghana Business News. |
| Ghana Business News |
|
Nigeria exits EU high-risk list, boosts investor confidence – Edun *Says affordable food, jobs now focus of reforms *Reforms eliminated distortions, level playing field for investors *Defends ₦152trn debt, cites transparency reforms By Babajide Komolafe Nigeria’s exit from the European Union’s high-risk third-country list is a major boost for investor confidence, the Coordinating Minister of the Economy and Minister of Finance, Mr. Wale Edun, has said, as the government moves to prioritise affordable food, housing, and job creation in the next phase o |
|
Court remands farmer over GH¢110,000 car fraud A 54-year-old farmer, believed to be part of a vehicle fraud syndicate, has been remanded into police custody by the Amasaman Circuit Court to assist investigations into an alleged GH¢110,000 car fraud. The accused, Richmond Osei Sarfo, has denied conspiring with others, currently at large, to defraud Mr Raphael Kwoa, an accountant residing at Mataheko, Accra, under the pretext of selling him a vehicle. Sarfo is expected to assist police in arresting his alleged accomplices |
|
NGX confirms listing of 3.16billion UBA shares The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc, to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory letter to the bank, dated January 12, 2026, and signed by Head, Issuer Regulation Department at NGX, Godstime Iwenkehai, who explained that the additional shares were listed foll |
|
Ghana economy continues stronger performance – GSS Ghana’s economy continues to show strong performance with economic activities growing by 3.8 per cent year-on-year in October 2025, propelled largely by the services sector, says the Ghana Statistical Service (GSS). This is compared with the three per cent growth recorded in October 2024, says the Monthly Indicator of Economic Growth (MIEG) released by GSS on January 14. The MIEG gives an early signal of how the economy is likely to perform ahead of the calculation of Gross Domestic Product |
|
Accra traffic to blame for public transport crisis – GPRTU The Ghana Private Road Transport Union (GPRTU) has attributed the public transport crisis in Accra largely to heavy traffic congestion in the capital during peak morning and evening hours. The Union said persistent gridlock was preventing commercial drivers from completing multiple journeys and returning to transport terminals on time, contributing to long queues and delays experienced by commuters at the major terminals. In an interview with the Ghana News Agency, Nana Nimako Asiamah, |
|
Nigeria’s oil output drops 8.3% to 1.544m bpd By Udeme Akpan, Energy Editor The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), the oil and gas industry regulator, said Nigeria’s oil output, including condensate, dropped by 8.3 percent year-on-year (YoY) to 1.544 million bpd in December 2025 from 1.684 million bpd recorded in the corresponding period of 2024. The commission did not provide reasons in its report released Thursday, but there were indications that it might be fueled mainly by limited investment and production. |