The Ashanti Regional Police have arrested a woman suspected of defrauding traders. The suspect is accused of taking money from several traders in Kumasi.

She allegedly promised to provide business loans to the traders. This was under false pretences, according to the Ghana Police Service.

Investigators report that the traders lost over GHS50,000 in the alleged scam.

The arrest took place recently. The Ghana Police Service is continuing its work on the case.

An investigation into the full details of the alleged fraud is underway.