Police in the Ashanti Region have arrested a 35-year-old man. His name is Nana Yaw Adu.
He is accused of taking GH₵400,000 from over 30 people. These incidents happened in the Ashanti Region.
Mr Adu allegedly promised people good returns on investments. He reportedly acted like a businessman.
The Ghana Police Service is handling the investigation. They are looking into the details of the alleged fraud.
The police have confirmed the arrest. Further inquiries are underway to gather more evidence.
This alleged fraud involves a significant sum of money. It affected many individuals in the region.