The Court of Appeal has dismissed Bank of Ghana (BoG) in an action instituted by HODA Holdings following the revocation of the license of UniCredit Savings and Loans.
The panel chaired by Justice Welbourne with support from Justice Eric Kyei-Baffour and Justice N. C. A. Agbevor said the BoG failed to demonstrate any special circumstances to convince the Court to exercise its discretion in their favour.
The court after dismissing the application also awarded a cost of GH¢2,000 against BoG in favour of HODA Holdings.
The court said they have read all the processes filed by the parties and also listened to the oral application by the respective counsel, and dismissed the application considering all the relevant laws relating to such applications.
On May 20, 2020, the Human Rights Division of the Accra High Court presided over by Justice Gifty Agyei Addo dismissed an application by the BoG seeking to halt proceedings in a case initiated against it by HODA Holdings.
The dismissal of this application has now paved the way for the hearing of the substantive case filed by HODA Holdings to commence at the High Court on July 23, 2020.
Source:ghgossip.com
