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GHANA HOME LOANS LIMITED. VS FIRST GHANA SAVINGS AND LOANS LTD

2016

HIGH COURT

GHANA

CORAM

  • HIS LORDSHIP, ERIC K. BAFFOUR, ESQ

Areas of Law

  • Contract Law
  • Corporate Law
  • Evidence Law

AI Generated Summary

In this case, the plaintiff alleged that the defendant breached a contract in which the plaintiff was to acquire a controlling stake in the defendant company. Despite the plaintiff's due diligence and expenditure, the defendant called for an AGM to seek shareholder approval for recapitalization, leading to allegations of breach of contract. The court evaluated the evidence, concluded there was a binding contract formed on 3rd March, 2014, and held that the defendant had accepted the offer, thus creating an enforceable contract. Therefore, the plaintiff was entitled to special and general damages.

JUDGMENT