A businessman named Emmanuel K. Kwabena is now in police custody. An Accra Circuit Court made this decision.
The court is hearing charges against him. These include fraud and deceit of public office.
Kwabena is accused of taking money from over 100 people. They invested in his business.
The total amount involved is more than GH₵5 million. This information comes from court filings.
The alleged fraud happened over a period of time. The exact dates are part of the ongoing investigation.
Prosecutors say Kwabena misled investors to get their money. He promised returns that were not delivered.
His lawyers were present in court. They will have an opportunity to present their case later.
The court will hear the case again. This will allow the investigation to continue. The police are gathering more evidence.