Bompata Police have arrested a 65-year-old woman. She is accused of running an illegal loan shark business.
The woman allegedly operated without a license. Her business practices are described as exploitative.
Numerous people have come forward as victims. They have filed formal complaints against the suspect with the authorities.
The Ghana Police Service stated that the operation was unlicensed. This is a violation of financial regulations.
The investigation is ongoing. Authorities are assessing the full extent of the alleged illegal activities.
This action follows increased reports of predatory lending schemes in the region.
The police continue to gather evidence and interview affected individuals.
Further legal action will be determined based on the investigation's findings.