Authorities in Accra have arrested a 45-year-old man. He is accused of defrauding several investors.
The amount involved is estimated to be GH¢1.2 million. This represents a significant financial loss for the victims.
The suspect allegedly promised investors substantial returns on their money. However, these promises were not kept.
The Ghana Police Service is handling the investigation into the alleged fraud. Further details will be provided as the case progresses.
This incident highlights the ongoing risks associated with investment schemes that promise unusually high returns.
The police advise the public to exercise caution and conduct thorough due diligence before investing their money.