A man has been arrested by the police in Accra. He is 35 years old.
The police say he promised people investment opportunities that did not exist. He is accused of taking their money and disappearing.
Authorities state that over 50 individuals have come forward. They claim to have lost a total of GH₵1 million to the alleged scam.
The Ghana Police Service is leading the investigation into the matter.
The suspect was apprehended in Accra. Further details will be provided as the investigation progresses.
This incident highlights the ongoing issue of investment fraud within the city.
Police are urging the public to exercise caution when considering investment offers.