GHANA COMMERCIAL BANK PENSIONS ASSOCIATION vs. GHANA COMMERCIAL BANK

ADINYIRA, JA The applicant in this case is seeking an order for a stay of execution of an order for a writ of sequestration pending appeal. This order of a writ of sequestration was made ex parte on 14th October 2002 in respect of a judgment of 24th June 2002 entered by the Court of Appeal against the defendant/applicant. "in terms of relief 1 of the writ of summons that is to say that by reason of the submission to judgment made by the defendant bank before the trial judge on 22nd February 1999, it is hereby declared that the plaintiffs are entitled to be paid their pension rights in accordance with the defendant's Board Of Directors amendment decision of 27 February 1987". This judgment of 24 June 2002 was made by the Court of Appeal upon the orders of the Supreme Court to enable it to dispose of an appeal pending before it against the High Court ruling of 20 December 2000 on the interpretation of the terms 'current basic salary' and 'automatic adjustment of pension whenever sa...