Audio By Carbonatix
The Court of Appeal has by a unanimous decision upheld the Bank of Ghana's application that the suit by Dr. Papa Kwesi Nduom and others against the Bank of Ghana's revocation of the licence of GN Bank be referred to Arbitration.
The Court today June 2nd, 2022, held that per section 141 of the Banks and Specialised Deposit-Taking Institutions Act, 2016, Act 930, the forum for such a challenge is arbitration and not the court.
The Court held further that Dr Nduom and the other applicants had masqueraded their challenge to the decision of Bank of Ghana as a human rights application.
The Court therefore stayed the proceedings at the High Court and referred the matter to the Ghana Arbitration Centre.
The Court of Appeal panel of three Judges led by Justice Henry Coffie, and comprising Justice Eric Baah and Justice Novisi Ayine as members of the panel looked at the case.
Latest Stories
-
It’s difficult to believe everything the OSP says – Manasseh Awuni
2 minutes -
I would’ve blocked Ofori-Atta from leaving Ghana if I were Special Prosecutor – Martin Kpebu
43 minutes -
I’m headed for public office, but not the OSP role – Martin Kpebu
52 minutes -
I will only submit my allegations to a board, not the OSP’s subordinates – Martin Kpebu
1 hour -
‘I’m still a bit traumatised’ – Martin Kpebu recounts alleged abuse during OSP arrest
1 hour -
Martin Kpebu dismisses claims he seeks to become Special Prosecutor
1 hour -
Martin Kpebu denies verbally abusing OSP officers, says allegations are fabricated
1 hour -
Mahama arrives in Doha for 2025 Doha Forum engagements
2 hours -
Milo U13 Champs: Ahafo’s Adrobaa set for thrilling final with Franko International of Western North
4 hours -
Ghana’s HIV crisis: Stigma drives new infections as AIDS Commission bets on AI and six-month injectables
5 hours -
First Ladies unite in Accra to champion elimination of mother-to-child HIV, Syphilis, and Hepatitis B transmission
5 hours -
US Supreme Court agrees to hear case challenging birthright citizenship
6 hours -
Notorious Ashaiman robber arrested in joint police operation
7 hours -
Judge sets key dates after video evidence hurdle in Nana Agradaa appeal case
8 hours -
Who are favourites to win the 2026 World Cup?
8 hours