A 50-year-old businessman has been remanded by an Accra Circuit Court. He faces charges of defrauding investors.
The suspect is accused of taking GH¢1.5 million from multiple people.
He allegedly promised high returns on their investments.
However, the businessman reportedly failed to deliver the promised profits.
The court heard details of the alleged fraudulent scheme.
An investigation by the Ghana Police Service led to the arrest.
The Judicial Service is overseeing the court proceedings.
The accused is being held as investigations continue.