A businessman is in jail after an Accra High Court ordered his remand. He is accused of serious fraud involving a large sum of money.

The court filing states the businessman allegedly collected GH5 million from various clients. He promised them returns from a specific project.

It is alleged that the project was not real. The businessman did not deliver on his promises after taking the money.

The Ghana Police Service is investigating the matter further. Details about the specific project have not been fully released.

The Accra High Court has scheduled a future date for the next hearing. The businessman will remain in custody until then.

This case highlights risks associated with investments. Authorities urge caution when entrusting money to unknown projects or individuals.