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THE REPUBLIC VS BANK OF GHANA EX-PARTE: HODA HOLDINGS LIMITED

2024

SUPREME COURT

GHANA

CORAM

  • SACKEY TORKORNOO (MRS.) CJ (PRESIDING)
  • OWUSU (MS.) JSC
  • PROF. MENSA-BONSU (MRS.) JSC
  • GAEWU JSC
  • DARKO ASARE JSC

Areas of Law

  • Administrative Law
  • Banking and Finance Law
  • Civil Procedure
  • Human rights Law

AI Generated Summary

The case revolves around the Applicant's challenge to the Bank of Ghana's (BOG) revocation of Unicredit Ghana Limited's license for insolvency. The Applicant claimed that the revocation was arbitrary, without due process, and violated the principles of natural justice and constitutional rights to administrative justice. The High Court dismissed the application for judicial review, but the Court of Appeal reversed this decision, quashing the revocation. The matter was taken to the Supreme Court, which restored the High Court's judgment, holding that the BOG's actions were lawful, followed due process, and did not breach the rules of natural justice.

JUDGMENT