AKUOTECH COMPANY LTD VS. ENERGY BANK GHANA LTD

JUDGMENT The Plaintiff a limited liability company dealing in the purchase and sale of cocoa beans claimed against the Defendant, a bank the following: 1. A declaration that the refusal by the Defendant to release to the Plaintiff, the sum of US$2 million standing to the credit of the Plaintiff in its account with the Defendant since July 2011, is unlawful, unfair, unreasonable and capricious. 2. Recovery of the sum of US$2 million from the Defendant being the transfer amount to the benefit of the Plaintiff which said sum the Defendant has been illegally holding onto since July 2011. 3. Interest on the said sum at the commercial rate of interest from July 2011 to the date of final payment. 4. Loss of profit assessed at 30% of the principal sum of US$2 million being consequential loss suffered by the Plaintiff as a direct result of the arbitrary, unfair, unreasonable and capricious conduct of the Defendant. 5. An order of the court directed at the Bank of Ghana to sanction the D...