The particular Court of Appeal provides struck out the Bank associated with Ghana’s appeal in the GN Savings & Loans situation. This was done in the early morning of Tuesday, 18th The month of january 2022.
The ruling from the Court of Appeal clears the way for the High Courtroom to deliver its final reasoning in the protracted legal fight between Dr Papa Kwesi Nduom and the Bank associated with Ghana, the Attorney-General plus Mr Nana Nipa (the Receiver).
It may be recalled that will in August 2019, Doctor Nduom filed this match challenging the decision of the Financial institution of Ghana to revoke the operating licence associated with GN Savings & Financial loans Company Limited. The High Courtroom judge set 9th Dec 2020 for its final reasoning.
However , just a few days prior to the judgement day, Bank associated with Ghana applied to the Courtroom of Appeal for a remain of the High Court’s process. The case had thus paused for over a year.
At the Higher Court, Dr Nduom’s attorneys, Praetorium Solicitors, have contended that the Bank of Ghana’s decision to revoke GN Savings’ licence was illogical and constitutes an misuse of regulatory authority.
At the same time, a cost of 4000ghc has been awarded against the plaintiff.
Resource: MyNewsGh. com/ 2022
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