The Ghana Police Service announced the arrest of a 45-year-old man in Accra. He is accused of defrauding several individuals through a fraudulent investment scheme.

The total amount alleged to have been defrauded exceeds GH¢500,000. The suspect is reported to have promised high returns on investments that never materialized.

Police investigations are ongoing into the operations of the fake investment scheme. Further details are expected to be released by the authorities.