Audio By Carbonatix
The Court of Appeal today declared as unlawful the decision by the Bank of Ghana to revoke the licence of uniCredit Savings and Loans.
In a unanimous decision, the Court, quashed the revocation of the savings and loans firm’s license which was contained in the Bank of Ghana’s notice, dated 16th August 2019.
The decision of the Court of Appeal chaired by Justice Suubaareh with Justice Merley Afua Wood and Justice Janapare A. Bartels as panel members was delivered on Thursday, July 7, 2022.
The revocation of uniCredit license was contained in Bank of Ghana’s notice dated 16th August 2019.
The Human Rights Division of the Accra High Court presided over by Justice Gifty Adjei Addo had in 2020 dismissed an application for Judicial Review filed by HODA Holding against the Central Bank, following the revocation of the operating license.
Dissatisfied with the decision, lawyers of uniCredit filed an appeal against the judgment of the High Court, hence the latest verdict.
Latest Stories
-
I have supported highway authority financially to fix roads in my constituency – A Plus
51 minutes -
US, Iran fail to reach peace agreement after marathon talks in Pakistan
1 hour -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
2 hours -
Port crises loom as 11,000 drivers threaten four-day strike
3 hours -
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
4 hours -
(Photos) Mfantsipim School launches historic 150th anniversary
4 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
5 hours -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
5 hours -
Monetise Idiocy In Ghana
5 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
6 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
6 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
7 hours -
Methodist Church hails Mfantsipim@150; calls for “fresh consecration” to excellence
7 hours -
‘Excellence is our inheritance’ – Nana Sam Brew-Butler hails Mfantsipim’s 150-year reign in leadership
7 hours -
Kwaku Azar writes: A-G vs OSP
7 hours