Audio By Carbonatix
Efforts at ensuring quick, efficient and effective resolution of commercial disputes to promote investment and trade have been given momentum with the opening of two new Commercial Courts in Kumasi.
Located in the premises of the Prempeh Assembly Hall, these bring to four the number of specialized courts operating in the Ashanti Region.
The funding came from the Private Sector Development Strategy, (PSDS) a multi-donor basket fund under the Trade and Industry Ministry.
Mrs Georgina Theodora Wood, the Chief Justice, who performed the inaugural ceremony, said the success story of Ghana's model of Commercial Court has won international admiration, adding that “it has become a case study, lauded and singled out for replication throughout the West Africa sub-region.”
The Chief Justice said the Alternative Dispute Resolution, which is an integral part of the Commercial Court system, has come to be accepted by the business community, given the advantages it has over litigation.
"Clear evidence abounds in debt recovery cases that the Commercial Court has brought sanity into the financial sector," she said.
"Creditor banks find it much easier now to recover their debts without having to spend too much time or money, or engaging in litigation, which has the tendency of destroying business relationships," the Chief Justice added.
Mr Georgina Wood encouraged the business community and legal practitioners to make maximum use of the specialized system of adjudication.
Additionally, she demanded from the judicial staff hard work to help enhance public confidence.
She announced that other commercial courts in Sunyani, Cape Coast, Koforidua, Tamale and Takoradi, which are fully automated, would soon be inaugurated.
Mr Samuel Sarpong, the Kumasi Metropolitan Chief Executive, suggested the establishment of a special court to deal with environmental and domestic violence cases.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Climate-vulnerable countries spend nearly 25 times more on debt than climate action – ActionAid report
43 seconds -
Queen Mothers congratulate Ayariga, seek greater inclusion in traditional affairs
6 minutes -
Spring Agro CEO Siddharth Mohindroo wins Agriculture Award at Forty Under 40
14 minutes -
Serene Insurance wins three industry awards
32 minutes -
Dr Charity Binka charges media to inform, monitor and shape Affirmative Action implementation
38 minutes -
Afarinick, Meiji deepen partnership to advance sustainable cocoa production
44 minutes -
Ghana launches food warning label campaign as NCDs account for nearly 45% of deaths
47 minutes -
Ashanti region records 25% drop in maternal mortality in first half of 2026
57 minutes -
Ghana’s unemployment situation is ‘scary’ – NSA Ashanti regional Director
1 hour -
Photos: Mahama chairs security meeting over drug trafficking through Ghana’s ports
1 hour -
Constitutional Review: 5-year term means extra year to amass wealth, loot state coffers — Ansa-Asare
1 hour -
Bekwai MP rewards top BECE performers as academic results improve
1 hour -
NIA marks Identity Day with public education float, mass registration exercise
1 hour -
Mahama directs inter-agency task force to submit roadmap to deal with drug trafficking in two weeks
1 hour -
Gender Ministry tasks women in media to drive Affirmative Action Act implementation
1 hour