An Accra High Court has sent two men to prison for five years each. They were found guilty of operating an illegal foreign exchange bureau.
The two men ran the bureau without the proper license from the Bank of Ghana. This made their operations unlawful.
They also defrauded customers who used their services. Investigations revealed they were involved in fraudulent activities.
The Accra High Court presided over the case. It heard evidence presented by the prosecution.
The judge found the two men guilty on several charges related to financial crimes. These included operating without a license and fraud.
The Judicial Service confirmed the sentences were handed down today. The aim is to deter others from similar illegal schemes.
Operating an unlicensed forex bureau poses risks to the public. It can lead to financial losses for unsuspecting individuals.
This ruling sends a strong message against financial fraud in Ghana. It highlights the accountability of those who break financial laws.