A 65-year-old woman has been arrested by the police in the Ashanti Region. She is accused of committing fraud against microfinance institutions.
The woman allegedly obtained loans by providing false information. This action was reportedly carried out against multiple microfinance companies operating in the region.
The Ghana Police Service confirmed the arrest. They stated that investigations into the alleged fraudulent activities are ongoing.
Authorities are working to determine the full extent of the alleged fraud and the total amount involved.
The case highlights the risks faced by financial institutions. It also shows the need for vigilance in loan application processes.