Paul Adom-Otchere and two others have been detained over the Ghana Airport Company Limited's (GACL) contract probe by the Office of the Special Prosecutor (OSP).
Mr Adom-Otchere, according to the OSP has failed to meet his bail condition.
The OSP on Thursday afternoon interviewed and formally charged Adom-Otchere, who is a former Board Chairman of the Ghana Airports Company Limited, and the two others.
However, according to the OSP in a statement, Mr Adom-Otchere has so far been unable to meet his bail conditions.
He is required to present two landed properties (of no specific value) registered in his name. However, he has informed the OSP that he does not own landed property in Ghana.
As a result, the OSP has said he was going to remain in custody until the bail terms are satisfied.
He has since been transferred from the OSP offices to another facility where it is believed he is going to be detained.
Mr Adom-Otchere was seen arriving at the OSP premises around 2:50pm in the company of persons believed to be his lawyers. This was 10 minutes before the 3pm scheduled appointment the OSP had given him.
He stayed in the OSP premises close to four hours until a few minutes to 7pm when journalists who had gathered outside the premises saw him exiting in the company of some policemen.
The two other persons are Otchere Kwame Baffour Awuah, the Group Executive, Commercial Services at the GACL and Albert Adjetey Adjei-Laryea, CEO of Devnest Systems.
Mr Adom-Otchere is under investigation in connection with a revenue assurance contract between the Ghana Airports Company Limited (GACL) and a private firm owned by the proprietor of Strategic Mobilisation Ghana Ltd (SML).
The OSP has said it was examining possible procurement breaches, including a sole-sourced contract awarded to a company other than the one approved by the GACL Board.