NOVA COMPLEX LIMITED vs. GHANA PORT & HARBOURS AUTHORITY [2010]DLSC2542

Date	2010-01-27
Suit No.	CIVIL APPEAL NO. J4/24/2009
Citation No.	[2010]DLSC2542

DR. DATE-BAH JSC (PRESIDING)

ADINYIRA (MRS) JSC

DOTSE JSC

ANIN YEBOAH JSC

BAFFOE-BONNIE JSC

TETTEH & CO. FOR THE APPELLANT

E. S. GOKA FOR THE RESPONDENT

[2010]DLSC2542
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													<main id="main" class="content" style="min-height: 60rem" >NOVA COMPLEX LIMITED<o:p></o:p>vs.<o:p></o:p>GHANA PORT &amp;
HARBOURS AUTHORITY<o:p></o:p>&nbsp;[SUPREME COURT, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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CIVIL APPEAL NO. J4/24/2009&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;DATE: 27TH JANUARY, 2010<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>TETTEH &amp; CO. FOR THE APPELLANT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>CORAM:
<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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DR. DATE-BAH JSC (PRESIDING), ADINYIRA (MRS) JSC,
DOTSE JSC, ANIN YEBOAH JSC ,BAFFOE-BONNIE JSC<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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JUDGEMENT<o:p></o:p>

</div><o:p>&nbsp;</o:p>DR. DATE-BAH, J.S.C:<o:p></o:p>This is the unanimous judgment of the Court.<o:p></o:p>FACTS<o:p></o:p>This case relates to a dispute about the amount of interest due from a
judgment-debtor to a judgment creditor.<o:p></o:p>The respondent in this case filed a motion ex parte on 16th
July 2007 for a garnishee order nisi directed at banks where the appellant has
accounts.&nbsp; In her affidavit in support of
this motion, the Managing-Director of the respondent deposed to the fact that
the respondent had obtained judgment in the Supreme Court against the appellant
on 15th November 2006 and that the appellant had on 3rd
January 2007 paid into court 905,735,855.00 cedis and a further $1,535,437.50
by March 2007.These payments had been made in satisfaction of a Supreme Court
order in this case which was in the following terms:<o:p></o:p>“The&nbsp;
decision of this court is unanimous.&nbsp;
The appeal fails in part and succeeds in part only ie on the ground
dealing with the award of the sum of $2,658,300 as an indemnity for the
respondent’s tort, as well as interest etc.<o:p></o:p>The cross appeal succeeds in part only, that is on
question of costs only and fails on all the other grounds.&nbsp; In this regard, the cost awarded in the Court
of Appeal is assessed as c50 million cedis.<o:p></o:p>Costs would be assessed at c50m.<o:p></o:p>This Court awards interest only on the replacement
value of the vessel assessed at $600,000 at the US dollar rate as stipulated by
the Bank of Ghana and as per the Court of Appeal decision; from the date of
beaching – 9th March 2001- to the date of judgment, 29th
July 2004 or its cedi equivalent and at the 440,649,992.25 cedis together with
interest at the prevailing bank rate from the date of beaching – 9th
March 2001 – to the date of judgment, 29th July 2004.<o:p></o:p>Loss of Use<o:p></o:p>This Court assesses the loss of use as $900,000
(NINE HUNDRED THOUSAND DOLLARS ONLY).”<o:p></o:p><o:p>&nbsp;</o:p>On receiving copies of the letters accompanying the a</main>