The suspect, identified only as Basat Obodo, is said to be a member of a gang which has been terrorising residents in the area.

Eyewitnesses said that the police arrived at the scene following a tip-off and mounted a search in an uncompleted building where the suspects had been lodging.

A shootout ensued resulting in the death of the wanted armed robber.

READ ALSO: Student feared dead after school bus falls into valley

A police officer also sustained gunshot wounds and is currently receiving treatment.

The ringleader and other members of the gang managed to escape in the process.

A team of police officers from the Airport District Police Command later arrived at the scene to assess the situation.

READ ALSO: Owners of collapsed galamsey pit declared wanted by police

The body of the suspect has since been conveyed to the mortuary.

Police said that the suspect was part of a gang which killed a police officer at Tema recently.

Meanwhile, police have launched a manhunt for the three gang members who fled the scene.