A 35-year-old man is in police custody in Accra. He was arrested by the Kaneshie District Police.
The man is accused of defrauding several traders. The total amount lost by the traders is estimated to be GH¢50,000.
Authorities say the suspect allegedly pretended to be a supplier of goods. He took money from traders with promises he did not keep.
The arrests were made by the Ghana Police Service in the Accra metropolis.
Investigations into the matter are ongoing.
The police are urging the public to be cautious when dealing with unknown suppliers.
This incident highlights the need for due diligence in business transactions.
The suspect faces charges related to fraud.