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ROYAL DUTCH AIRLINES (KLM) AND ANOTHER v. FARMEX LTD. (No. 2)

November 11, 1981

SUPREME COURT

GHANA

CORAM

  • ADADE
  • WUAKU
  • AMUA-SEKYI
  • AIKINS
  • EDWARD WIREDU JJ.S.C

Areas of Law

  • Conflict of Laws
  • Civil Procedure
  • Commercial Law
  • Contract Law

AI Generated Summary

The Supreme Court of Ghana addressed a post‑judgment application by Royal Dutch Airlines (KLM) and British Caledonian Airways (BCal) seeking review and clarification of the interest rate applicable to a £23,800 damages award in favour of Farmex Ltd for breach in the carriage and delivery of mangoes. The damages had been expressed in pound sterling, and the question was whether interest should follow Ghana’s bank rate under the Courts (Award of Interest) Instrument, 1984 (L.I. 1295) or the UK (London) sterling commercial rate. By a majority (Wuaku, Amua‑Sekyi and Edward Wiredu JJ.S.C.), the Court granted the application, holding L.I. 1295 applies to cedi‑denominated awards and adopting the London rate for sterling, payable only as simple interest from the date of breach, with the parties to ascertain the rate as at 19 December 1990. Adade and Aikins JJ.S.C. dissented, favouring the Ghana bank rate and dismissal of the application.

JUDGMENT