A businessman appeared in an Accra High Court facing serious accusations.
He is alleged to have defrauded several people in an investment scheme.
The total amount involved is estimated to be GHS500,000.
Court filings indicate the suspect promised investors large profits.
However, these promised returns never materialized.
The prosecution stated that the investment scheme was fraudulent.
Authorities are continuing their investigation into the matter.
The case brings attention to the need for caution with investment promises.