Police in Accra have arrested a 45-year-old man. He is suspected of defrauding a businessman of GH¢700,000.
The arrest happened in Accra. The suspect allegedly deceived the businessman into paying the large sum.
Authorities say the money was given in exchange for a promised contract. This contract was never secured.
After receiving the payment, the suspect reportedly vanished. The victim then reported the incident to the police.
The Ghana Police Service confirmed the arrest. They are investigating the alleged fraud.
The suspect is currently in police custody. Further inquiries are underway to gather more evidence.
This incident highlights the risks associated with high-value business deals, especially when involving unverified promises.
Authorities are urging the public to exercise due diligence when entering into financial agreements.