Court (Award of Interest and Post Judgment Interest) Rules, 2005 🇬🇭

Ghana 151 Citing Cases

C.I. 52

Court (Award of Interest and Post Judgment Interest) Rules, 2005

Published in Government Gazette on 13 January 2006
Assented to on 22 December 2005
Commenced on 24 January 2006
[This is the version of this document from 13 January 2006.]
[Note: The original publication document is not available and this content could not be verified.]

IN exercise of the powers conferred on the Rules of Court Committee by article 157 (2) of the 1992 Constitution and section 80 (2) (e) of the Courts Act, 1993 (Act 459) these Rules are made this 22nd day of December, 2005.

1. Order for payment of interest

(1)If the court in a civil cause or matter decides to make an order for the payment of interest on a sum of money due to a party in the action, that interest shall be calculated

(a)at the bank rate prevailing at the time the order is made, and

(b)at simple interest

but where an enactment, instrument or agreement between the parties specifies a rate of interest which is to be calculated in a particular manne…

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