BARCLAYS BANK OF GHANA LTD vs. CHARLES NYARKO [2017]DLCA4578

Date	2017-07-11
Suit No.	SUIT NO: H3/548/2017
Citation No.	[2017]DLCA4578

A MABEL M. AGYEMANG (MRS.) JA

EVANS DZIKUNU FOR DEFENDANT/APPELLANT/APPLICANT

FRANK MARTEY FOR PLAINTIFF/RESPONDENT/RESPONDENT

[2017]DLCA4578
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													<main id="main" class="content" style="min-height: 60rem" ><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;
color:#00B0F0">BARCLAYS BANK OF GHANA LTD<o:p></o:p>(DEFENDANT/APPLICANT)<o:p></o:p>vs.<o:p></o:p><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-bidi-theme-font:minor-bidi;
color:#00B0F0">CHARLES NYARKO<o:p></o:p>(PLAINTIFF/RESPONDENT)<o:p></o:p><o:p>&nbsp;</o:p>[COURT OF APPEAL (CIVIL DIVISION), ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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SUIT NO: H3/548/2017&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;DATE: 11TH JULY,
2017<o:p></o:p>

</div>COUNSEL:<o:p></o:p>EVANS
DZIKUNU FOR DEFENDANT/APPELLANT/APPLICANT <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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FRANK
MARTEY FOR PLAINTIFF/RESPONDENT/RESPONDENT<o:p></o:p>

</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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A MABEL M. AGYEMANG (MRS.) JA – SINGLE<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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RULING<o:p></o:p>

</div>AGYEMANG JA:<o:p></o:p>In the instant application, the defendant/appellant/applicant
(hereafter referred to as the applicant) brought an application for a stay of execution
of the ruling of this court duly constituted, pending appeal to the Supreme
Court. <o:p></o:p>The application was supported by an eighteen-paragraph
affidavit, as well as a seven-paragraph supplementary affidavit sworn to by Evans
Gade to Djikunu of counsel for the applicant herein, in which he deposed to the
following matters: that on 31st May 2017, this court duly
constituted dismissed the applicant’s application for a stay of execution filed
pursuant to Article 138(b) of the 1992 Constitution, and that it followed the
dismissal of an application for a stay of execution of the judgment of the
court below delivered on 28th February 2017. It was further deposed
that the refusal of the application by the court duly constituted, was without
regard to the stipulation regarding the payment of colossal judgments debts to
require the judgment creditor to give an undertaking, set out in the judgment
of the Supreme Court in Adu (per Attorney) v. GRA [2013-2014] SCGLR
1176. The deponent asserted additionally, that the appeal before the
Supreme Court raised serious points of law hence the need for the grant of a
stay of execution.<o:p></o:p>The application was strongly opposed by the
respondent who in a ten-paragraph affidavit, averred that not only was the
instant application without merit - in that the principle espoused in the case
of Adu v GRA (supra) -which seemed to
be the principle underpinning the instant application, was not breached by the
ruling of the court as constituted, but that the entire application was an
abuse of the process of this court.<o:p></o:p>Having read the affidavits filed in support of and against
the grant of the instant application and having heard both counsel, I dismissed
the application upon sober consideration on the 4th of July 2017 and
reserved my reasons for so doing. I give them now.<o:p></o:p>On the 28th of February 2017, the High
Court (Commercial Division) entered judgment for the respondent for the
recovery by the respondent of the sums of GHC 95,155.20 and USD56,175.00.<o:p></o:p>On the 2nd of May 2017 this court, coram:
Aduama-Osei JA, granted a stay of execution in part, ordering the judgment
debtor/applicant to pay fifty percent of the Cedi, and AS well as the US Dollar
component to the judgment creditor/respondent. <o:p></o:p>In its ruling of 31/5/17, this court duly
constituted, refused the applicant’s &nbsp;application which it brought under Article
138(b) of the 1992 Constitution, for the reversal, variation or setting aside of
the ruling of the single Justice of the court. <o:p></o:p>The applicant lodged an appeal against the said
ruling at the Supreme Court, and by the instant </main>