Audio By Carbonatix
Lawyer for businessman Dr Papa Kwesi Ndoum, Cletus Alengah, has dismissed suggestions that the Court of Appeal's recent ruling in favour of GN Savings and Loans was linked to the NDC government's pledge to restore the licences of financial institutions affected by the 2019 banking sector clean-up.
Speaking on JoyNews' Newsfile on Saturday, Mr Alengah argued that the judgment was the result of a legal process and not an executive decision by the government.
According to him, the ruling was delivered independently by the courts after years of litigation and should not be confused with political promises made ahead of the 2024 general election.
"This is purely a legal battle which has ended where we ended it on Thursday," he said.
Watch the interview in the video below
Mr Alengah stressed that the Court of Appeal's decision was based solely on the merits of the case presented before it.
His comments follow Thursday's ruling by the Court of Appeal in favour of GN Savings and Loans, directing the Bank of Ghana to restore the company's licence and return its assets to the institution and its shareholders.
The judgement comes after President John Mahama, prior to winning the 2024 election, pledged to facilitate the restoration of licences to some financial institutions affected by the banking sector clean-up.
However, Mr Alengah maintained that the court's ruling was entirely separate from that political commitment and should be viewed as a judicial outcome rather than a government intervention.
Latest Stories
-
Wontumi case: AG must ensure fairness and transparency in plea deal – Dr Yankson
8 seconds -
Popular US movie critic Gene Shalit dies aged 100
22 seconds -
AFF pilot projects show nature-based solutions can restore ecosystems and improve livelihoods
12 minutes -
Wontumi case: Plea negotiation a legal strategy, not admission of guilt – Baffour Awuah
31 minutes -
Wontumi trial: Accept plea bargain if it delivers justice, recovery of state funds – Bomfeh urges AG
34 minutes -
Unrepentant NPP doesn’t deserve to return to power – Arthur Kennedy
42 minutes -
WAEC rules out exception for 154 Sekondi College students barred from exam
53 minutes -
Education must serve national development, not create elites – Baffour Awuah
53 minutes -
Government contemplating to reduce admissions to health training institutions to address employment backlog – Health Minister
56 minutes -
Moderate to heavy rains expected across parts of Ghana – GMet warns
1 hour -
Punishment must be part of any Wontumi plea deal – Arthur Kennedy
1 hour -
UK vows to phase out Russian diesel and jet fuel imports by new year
1 hour -
US kills leader of Venezuela’s Tren de Aragua gang in airstrike, Trump says
1 hour -
Deal to end fighting would lead to Hormuz reopening, Iran says
1 hour -
Elon Musk’s stratospheric rise to trillionaire status – in charts
2 hours