An investigation by the Economic and Organised Crime Office (EOCO) has led to the arrest of a 68-year-old woman.
The woman is suspected of defrauding investors out of GHC1 million.
Authorities stated the suspect allegedly operated a ponzi scheme.
A ponzi scheme uses money from new investors to pay earlier investors, rather than genuine profits.
Investigations are ongoing according to EOCO.
The total amount allegedly defrauded is approximately GHC1 million.
EOCO is handling the case.
Further legal action is expected.