The Court of Appeal has in a unanimous decision dismissed the state's challenge of Alfred Agbesi Woyome's acquittal.
The court says the High Court was right in freeing the businessman last year because the state has failed to prove his guilt beyond reasonable doubt.
Woyome was, on March 12, 2015, acquitted and discharged by the High Court, presided over by Mr Justice John Ajet-Nasam, on two counts of defrauding by false pretence and causing financial loss to the state.
But the state filed a notice of appeal a day after his acquittal on the grounds that the trial judge erred in law in freeing the businessman.
The state wanted the judgement acquitting Woyome to be set aside.
However, lawyers for Woyome were of the view that the businessman’s acquittal was in order.
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