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F. M. A. ARYETTEY AND ORS v. GHANA COMMERCIAL BANK

1998

COURT OF APPEAL

GHANA

CORAM

  • WOOD J.A. (PRESIDING)
  • ESSILFIE-BONDZIE, J.A.
  • GBADEGBE, J

Areas of Law

  • Civil Procedure
  • Corporate Law

AI Generated Summary

Following a dispute over pension entitlements, the Ghana Commercial Bank Pensioners Association sued Ghana Commercial Bank in a representative action. After the Court of Appeal reversed a High Court refusal to order particulars and directed furnishing identities within 14 days, new Association executives, Beryl Prah and J. E. Carr, sought more time. Meanwhile, a memorandum of settlement was filed in the High Court, Tema, seeking dismissal of the suit upon filing, and the Association’s solicitor confirmed the settlement and took fees. Writing the lead opinion, Wood J.A. held the Court of Appeal lacked jurisdiction to determine the validity or effect of the settlement and that section 324 of the Companies Code required the trial court’s leave for any compromise or dismissal in representative actions. The application was therefore premature and dismissed, with liberty to reapply. Essilfie‑Bondzie J.A. concurred on the result, reasoning the settlement was binding; Gbadgebge J. concurred, striking out the application as incompetent.