G. BRANDS IMPEX LTD. vs BANK OF GHANA

RULING RULING ON OBJECTION TO PLAINTIFF’S CAPACITY Introduction and Procedural History This action has stayed in the courts for almost 20 years, 19 years to be precise. The original writ of summons was issued on 14th April 2000 by the plaintiff G. Brands Impex Limited. The writ was by leave of the court amended on 16th March 2012. Per the said amended writ, the plaintiff claimed the following reliefs against the defendant: i. Recovery of the amount of US$1.4 million wrongfully deducted by defendant from payment due to the plaintiff or its cedi equivalent at the US dollar forex bureau buying rate on the day of payment. ii. Interest on the cedi equivalent of the US$1.4 million at the prevailing commercial banks’ lending rate from October 1996 to the date of payment of the principal sum or in the alternative anticipated profits. iii. Costs of the action including counsel’s costs. Trial in this matter commenced on 21st November 2012 before my brother Peter Dei Ofei J. The ...