More than 100 traders from Aboadze, Abuesi, Inchaban, Dwomo, and Nyankrom in the Shama District have reportedly fallen victim to a suspected scam by the Business for Home Susu Company (BHSC).

The company allegedly collected savings from the traders but failed to account for the funds, despite entries in passbooks linked to AKGMB Multilevel Business.

A police investigation later revealed that the actual benefiting company was BHSC, which had been operating without the required permits and licenses.

In Akan, 'Susu' refers to informal savings.

Michael Kojo Assan Genesis, identified as the proprietor, reportedly gave conflicting accounts during police questioning, claiming to be only a branch manager to deflect customer pressure.

However, agents of the company allegedly failed to account for hundreds of Ghanaian cedis collected from the traders.

One victim, Comfort Cudjoe, shared her experience on Connect 97.1 FM’s midday news on June 23, 2025.

"He [Michael] asked customers for more time to gather the money for payment, claiming the funds had been given as credit to others who were yet to pay. This did not sit well with some of us, and we suspected he might abscond with our money," she said.

Fearing their investments were at risk, the traders reported Michael to the Shama Police, leading to his arrest.

According to a report by 3news.com, the District Police Commander, Supt. Paul A. Ankan, confirmed the suspicions, stating, "He informed his staff that he was only managing the branch in the Shama District, unaware that he was actually the proprietor of the business. When I confronted him, he claimed that it was his strategy to avoid pressure from customers."

Michael Kojo Assan is expected to face court this week.

NAD/MA

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