The Supreme Court has given the Attorney-General the green light to sell properties of businessman Alfred Woyome to defray a ¢47.2m debt owed the state.
The three earmarked properties valued at ¢20m are located at Trassaco Valley estates and Accra New Town in the Greater Accra region.
It has taken the state nearly five years to retrieve ¢4m from the businessman after a 2014 the Supreme Court order him to refund ¢51.2m judgement debt payment he received in 2009.
The court said it was wrongfully paid him.
Tuesday’s decision by Justice Benin had been a long time coming.
The apex court held on to its judgment in January 2019 after an application made by lawyers for the businessman seeking a review of an earlier Supreme court decision that said the court could determine whether the disputed properties belong to Woyome or the defunct UT bank.
The Supreme Court has now ruled, the claim by Woyome that the properties did not belong to him but the defunct bank is a sham.
Justice Benin awarded cost of 60,000 cedis each against receivers of UT Bank and Anator holdings which is owned by Woyome.
Emerging from the court, the Deputy Attorney-General Godfred Dame told reporters “to God be the glory”.
The ruling, he said is significant for accountability and rule of law and “is a shot in the arm in the fight against impunity.”
He repeated an accusation that Woyome had resorted to “all manner of tactics.”
He felt justified in his prediction that the “day of reckoning will come” for Woyome after the Akufo-Addo government was criticised over slow progress in retreiving the cash.
Woyome was not in court during the ruling.