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G BRANDS IMPEX LTD.
V.
BANK OF GHANA

(2019) JELR 108319 (HC)

High Court 21 Feb 2019 Ghana
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- The case has been in court for 19 years, initiated by G. Brands Impex Limited against the defendant for the recovery of US$1.4 million wrongfully deducted from payment due to the plaintiff. - The defendant raised the issue of the plaintif

Case Details

Suit Number:SUIT NO. C 351/2000
Judges:K. A. GYIMAH
Counsel:1. DICK ANYADI WITH EDWARD BIRIKU BOADU AND VICTOR HACKMAN FOR PLAINTIFF PRESENT. 2. DENNIS ADJEI DWOMOH WITH OSMAN GYAN HOLDING BRIEF FOR J. K. AGYEMANG FOR DEFENDANT PRESENT.

JUDGMENT

GYIMAH, J. 

Introduction and Procedural History 

This action has stayed in the courts for almost 20 years, 19 years to be precise. The  original writ of summons was issued on 14th April 2000 by the plaintiff G. Brands  Impex Limited. The writ was by leave of the court amended on 16th March 2012. Per  the said amended writ, the plaintiff claimed the following reliefs against the defendant: 

i. Recovery of the amount of US$1.4 million wrongfully deducted by defendant  from payment due to the plaintiff or its cedi equivalent at the US dollar forex  bureau buying rate on the day of payment. 
ii. Interest on the cedi equivalent of the US$1.4 million at the prevailing  commercial banks’ lending rate from October 1996 to the date of payment  of the principal sum or in the alternative anticipated profits. 
iii. Costs of the action including counsel’s costs.

Trial in this matter commenced on 21st November 2012 before my brother Peter Dei  Ofei J. The plaintiff’s representative presented the…

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