Police in Kumasi have arrested a Nigerian man. He is accused of operating a money lending business without the proper authorization.
The man allegedly charged excessive interest rates to his clients.
He is also accused of using unfair methods to collect payments.
The Ghana Police Service is investigating the claims.
Officials stated that operating such a business requires a license from the Bank of Ghana.
The suspect was apprehended following a tip-off from the public.
Further investigations are ongoing to determine the full extent of his operations.
This action aims to protect citizens from predatory lending practices.