A businessman is facing charges for allegedly defrauding numerous investors.
The suspect is accused of promising large profits on investments but then failing to provide any returns.
Investigators estimate that the total amount lost by victims runs into millions of cedis.
He appeared before the court charged with fraud.
The court granted him bail in the amount of GH₵50,000.
Conditions of the bail require two individuals to act as sureties, guaranteeing his presence at future hearings.
The case has been adjourned for further legal proceedings.
The court hearing is scheduled for a later date.