Audio By Carbonatix
The Human Right division of the Accra High Court has set December 18 to determine whether it has the jurisdiction to sit over the case brought to it by Dr Papa Kwesi Nduom against the central bank and receiver of the savings and loans companies.
Dr Nduom is praying the Court to revert the decision by the Bank of Ghana (BoG) to revoke the license of GN Savings and Loans, saying the action is a violation of his fundamental human rights.
Lawyers for the BoG have raised a legal objection to the application on the basis that the jurisdiction of the High Court has been wrongly invoked.
Upon several hearings, the Court presided over by Justice Gifty Addo Adjei, she set December 18, to determine the jurisdiction of the case.
According to lawyers of Dr Nduom, the action taken by the bank of Ghana and it's agent, which includes the receiver of the savings and loans companies, is a clear violation of his human right.
Lawyers for the central bank and Attorney General say the jurisdiction of the court has been wrongly invoked because matters of banking revocation are expected to go for arbitration at the Arbitration Centre.
But the lawyer for Dr Nduom, Justice Srem Sai vehemently opposed this argument.
According to him, the Act giving the opportunity for arbitration also made a provision for aggrieved persons to result to the courts if their human right has been violated.
Lawyer for the first respondent, Frank Davies debunked this arguing that Justice Srem Sai and his client failed to demonstrate to the court over the claims that their human rights have been violated.
He further prays the court to strike out the case and direct the applicants and Group Nduom to result in arbitration.
But Justice Srem Sai shot this down saying similar cases were heard in the High Court without going through arbitration.
The court presided over by Justice Gifty Addo Adjei upon hearing both sides adjourned to December 18, to rule on the matter.
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.
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
-
Banks’ sustainable success will be defined less by interest margins – PwC
42 minutes -
Baffoe-Bonnie was part of ‘grand conspiracy’ against Torkornoo – Afenyo-Markin
46 minutes -
The GIPA Act: Resetting Ghana’s investment framework
2 hours -
GIPA secures investor leads at Invest Fest 2026
2 hours -
Ghana’s missing billions: What 16 years of Auditor-General reports show
2 hours -
Police disown viral flyer on AirPods, earphones use while driving
2 hours -
Stop using media to challenge judicial decisions – Thaddeus Sory to lawyers
2 hours -
The next generation expects more than degrees from universities
2 hours -
Ebenezer Dwomoh to stage fourth stand-up comedy special in Kumasi
2 hours -
Central Regional Minister urges traditional leaders to hold public officials accountable
2 hours -
Ada Traditional Council suspends four members for defying cancellation of 2026 Asafotufiami durbar
2 hours -
Association of Small-scale Industries, GEA strengthen artisans through mentorship, coaching
2 hours -
Two arrested over alleged galamsey activities in Tanoso
2 hours -
Ghana rises to sixth-largest gold producer globally after record 2025 output
2 hours -
Five injured in road crash at Ahwerase
2 hours