RULING
I have listened to the submissions by counsel for the Defendants and the Plaintiff. I have also gone through the documents filed in support and in opposition to the motion filed by the Defendants on 7 June, 2023 for the court to vary its orders in respect of the Reserved Price dated 7 February, 2023.
I have considered the antecedents of this case. The Plaintiff’s counsel has informed the court that the Judgment Debt as at today, 22 September, 2023 would be about USD5,000,000.00 which is about GH¢60,000,000.00.
In cases of an auction, after the Judgment Creditor has been paid and the State has received its 3% tax and the Auctioneer has also been paid the auctioneer’s fees, the Judgment Debtor is given any amount which would be left.
It means that if there is any means by which the court can ensure that the attached property is sold far more than the judgment debt, the court must assist in that direction.
The Defendants have attached two valuation reports to their application as exhib…