Customer Support

DANIEL OFORI
V.
ECOBANK GHANA LIMITED & ORS.

(2021) JELR 107272 (SC)

Supreme Court 24 Mar 2021 Ghana
BriefBot icon

BriefBot Summary

Free

- The case involves an application for clarification and review filed by the Plaintiff/Judgment Creditor/Applicant. - The court gave a final order stating that the GH¢6,162,240 would attract interest at a rate of 30% from June 2, 2008, unti

Case Details

Suit Number:CIVIL MOTION NO. J7/12/2020
Judges:YEBOAH, CJ (PRESIDING) DOTSE, JSC BAFFOE-BONNIE, JSC APPAU, JSC PWAMANG, JSC TORKORNOO (MRS.) HONYENUGA, JSC
Counsel:THADDEUS SORY WITH NANA BOAKYE MENSAH-BONSU FOR THE PLAINTIFF/APPELLANT/APPELLANT/APPLICANT. GOLDA DENYO WITH ABENA SARPONG LED BY ACE ANKOMAH FOR THE 1ST DEFENDANT/RESPONDENT/RESPONDENT/RESPONDENT.

RULING

BAFFOE BONNIE JSC

This ruling is in respect of the application for Clarification and Review filed by the Plaintiff/Judgment Creditor/Applicant. Following an application for review of this court’s judgment, delivered on 25th July, 2018, this court gave a final order as follows:

1. The GH¢6,162,240 was to attract interest at the rate of 30% from 2nd June 2008 till date of the Supreme Court judgment (25/7/18), and thereafter, at the statutory rate of interest prevailing at the time of the main judgment.
2. The GH¢7,600,000 was to attract interest at the statutory rate as at 25/7/2018 from 2nd June, 2008 till date of payment.

Subsequent to the review ruling of the court, the plaintiff filed a motion on notice seeking to amend its entry of judgment filed on the basis of the main judgment. In the attached proposed entry of judgment, the plaintiff calculated the interest rate on the investment amount of GH¢6,162,240.00 on the basis of compound interest. Secondly he stated the statutory rat…

There's more. Sign in to continue reading.

judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 77,000 cases, recent judgments, statutes, and rules of court.