A man is being held by authorities after allegedly defrauding people of GH₵500,000.
The suspect reportedly posed as a financial advisor. He is accused of promising investors large profits on their money.
Multiple individuals are said to have given money to the suspect. The total amount lost is reported to be GH₵500,000.
The court has ordered the suspect to be remanded in custody. This allows police more time to investigate the allegations.
The Ghana Police Service is continuing its investigation into the matter. They are seeking to gather more evidence.
This incident serves as a reminder for the public to be cautious of investment schemes. Always verify the legitimacy and security of any financial advisor or firm.