Managing Director on GH¢150,000 bail over five dud cheques
An Accra Circuit Court has granted the Managing Director of Ali PVT Ghana Limited, Saif Ahamad, bail of GH¢150,000 with two sureties for allegedly issuing five dud cheques valued at GH¢600,000.
On June 11, 2026, Sales Manager Yahaya Umar Mohammed of Parthagyl Ghana Limited approached Saif Ahamad, the Managing Director of Ali PVT Ghana Limited, regarding an outstanding debt. Ahamad, in an attempt to settle the debt, issued five cheques totaling GH¢600,000. However, upon attempting to pay the cheques through OmniBSIC Bank, they were dishonoured due to insufficient funds.
This led to Ahamad's arrest and subsequent appearance before Accra Circuit Court. The Court granted Ahamad conditional bail of GH¢150,000, requiring him to provide two sureties: one with landed or movable property and the other with a salaried worker earning at least GH¢3,000. Additionally, Ahamad was ordered to surrender his passport to the Court's Registry and report to the police weekly.
The case has been postponed until October 20, 2026, with the prosecution required to prepare disclosures for a potential Case Management Conference.
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- Managing Director on GH¢150,000 bail over five dud cheques ghanabusinessnews.com