RULING
INTRODUCTION
The court is called upon to determine an application brought by the plaintiff/applicant pursuant to Order 25 Rule 2(3) of the High Court (Civil Procedure) Rules, 2004, C.I. 47, for an order to preserve the sum of nine million Ghana Cedis (GHc9,000,000.00), being the cedi equivalent of seven hundred and fifty thousand United States dollars (US$750,000.00), paid by the plaintiff/applicant into the defendant/respondent’s Ecobank account. For ease of reference, the plaintiff/applicant and the defendant/respondent will be referred to as the plaintiff and defendant, respectively.
PARTIES’ CASE
The plaintiff’s case, as gleaned from its affidavit in support, is that the amount in question was paid to the defendant as consideration for the purchase of certain properties, the subject matter of this suit. It contends that the defendant is in possession of GHc9m, which funds, for all intents and purposes, are its assets and a subject matter before the court. It argues that the ins…