BENJAMIN OPPONG
V.
PACIFIC INTERNATIONAL LINES, BLUE FUNNEL GHANA LTD AND HULL BLYTH GHANA LTD

(2018) JELR 69487 (HC)    
High Court  ·  SUIT NO.CM/TRPC /0015/16 ·  22 Jan 2018 ·  Ghana
CORAM
HIS LORDSHIP ERIC KYEI BAFFOUR JUSTICE OF THE HIGH COURT
Core Terms Beta
court
order
payment of interest
application
interest rate
commercial bank lending rate
applicant
plaintiff
bank of ghana
defendant
judgment debt
commercial bank
commercial banks
date
days treasury bill rate
ghana commercial bank lending rate
interest
judgment creditor
judgment debtor
payment of the monies
respondent
rules
use
amount
award of interest
calculation of the judgment debt
chancellor oppong kyekyeku kohl
c. i.
claim
commercial bank interest
commercial bank rate lending rate
ex
execution of its judgment
final date of payment
judgment of the court
lending rate of interest
lending rate of the ghana commercial bank
payment of gh
prevailing commercial bank lending rate
rate
rate of calculation of the interest
registrar of the court
states
statutory backing
stay of execution of the judgement debt
stay of execution of the judgment
total judgment debt

On the 5th of May, 2017, the court granted in part an application for stay of execution of the judgment of the court delivered on the 22nd of March, 2017 pending the appeal filed by the 1st defendant/Judgment Debtor. The court stayed the execution of its judgment on condition that the Defendant/Judgment Debtor paid 70% of the judgment debt to the Registrar of the Court for same to be invested into an interest yielding account.

By this application the Plaintiff/Judgment Creditor/Applicant seeks for an order for the court to vacate its order for stay of execution of the judgement debt on the grounds as set out in the affidavit that accompanied the application. Chancellor Oppong Kyekyeku Kohl, the lawful attorney for the Plaintiff, claim that the judgment of the court ordered the payment of interest calculated at the prevailing Commercial Bank lending rate and his checks shows that the lending rate of the Ghana Commercial Bank was 32%.

The Applicant further depose that with the Defendant/R…

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