Authorities have arrested a 45-year-old businessman. He is suspected of defrauding many people who invested money.
The total amount involved is said to be GHc5 million. This significant sum was allegedly taken from investors.
The Economic and Organised Crime Office EOCO took the suspect into custody. They are handling the investigation into the alleged fraud.
Investigations are continuing to gather more details about the case. Officials are looking into how the alleged fraud was carried out.
This incident highlights the risks involved in investments. Authorities urge the public to be cautious with investment schemes.