THE REPUBLIC vs. THE HIGH COURT (COMMERCIAL DIVISION) ACCRA EX PARTE: ATTORNEY-GENERAL ZENITH BANK [2019]DLSC6199

THE REPUBLIC vs. THE HIGH COURT (COMMERCIAL DIVISION) ACCRA EX PARTE: ATTORNEY-G... [2019]DLSC6199

Date	2019-04-10
Suit No.	CIVIL MOTION NO. J5/08/2019
Citation No.	[2019]DLSC6199

YEBOAH JSC (PRESIDING)

BAFFOE-BONNIE JSC

GBADEGBE JSC

APPAU JSC

DORDZIE (MRS.) JSC

AMARKAI AMARTEIFIO FOR THE INTERESTED PARTY/RESPONDENT

GODFRED YEBOAH DAME DEPUTY ATTORNEY-GENERAL FOR THE APPLICANT

WITH HIM MRS. GRACE EWOAL. PRINCIPAL STATE ATTORNEY NANA ABUA

BRONYA OTCHERE SENIOR STATE ATTORNEY MISS YVONNE BANNERMAN

SENIOR STATE ATTORNEY AND AKANWARE ATENDAM ASSISTANT STATE ATTORNEY.

[2019]DLSC6199
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													<main id="main" class="content" style="min-height: 60rem" ><p class="MsoNormal" align="center" style="margin: 12pt 0in 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">THE REPUBLIC<o:p></o:p><p class="MsoNormal" align="center" style="margin: 12pt 0in 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">vs.<o:p></o:p><p class="MsoNormal" align="center" style="margin: 12pt 0in 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">THE HIGH COURT (COMMERCIAL DIVISION) ACCRA EX PARTE:
ATTORNEY-GENERAL [ZENITH BANK-INTERESTED PARTY]<o:p></o:p><p class="MsoNormal" align="center" style="margin: 12pt 0in 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">[SUPREME COURT ACCRA]<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1.5pt solid windowtext; padding: 0in 0in 1pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">

<p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0in;">CIVIL
MOTION NO. J5/08/2019&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: 10TH&nbsp;APRIL, 2019<o:p></o:p>

</div><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">COUNSEL:<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">AMARKAI AMARTEIFIO FOR THE INTERESTED PARTY/RESPONDENT.<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1.5pt solid windowtext; padding: 0in 0in 1pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">

<p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0in;">GODFRED YEBOAH DAME, DEPUTY
ATTORNEY-GENERAL FOR THE APPLICANT WITH HIM MRS. GRACE EWOAL. PRINCIPAL STATE
ATTORNEY, NANA ABUA&nbsp; BRONYA OTCHERE, SENIOR STATE ATTORNEY, MISS YVONNE
BANNERMAN, SENIOR STATE ATTORNEY AND AKANWARE ATENDAM, ASSISTANT STATE ATTORNEY.<o:p></o:p>

<p class="MsoNormal" style="margin: 6pt 0in 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0in;">YEBOAH JSC (PRESIDING), BAFFOE-BONNIE JSC,
GBADEGBE JSC, APPAU JSC, DORDZIE (MRS.) JSC<o:p></o:p>

</div><p class="MsoNormal" style="margin: 6pt 0in 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">DORDZIE
(MRS.), JSC:-<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">FACTS<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">In a suit numbered BFS/217/13, between Zenith Bank Ghana Limited
(the interested party herein) and Balkan Energy Ghana Limited and Reality
Advisors Incorporated in the High Court, Zenith Bank, on the 12th&nbsp;of
March 2014 obtained judgment in the sum of USD44, 155,258.39 against Balkan
Energy Ghana Ltd.<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Balkan Energy on the other hand was given an arbitral award of
about USD 13.3 million against the Republic of Ghana. This came about as a
result of breach of a power purchase agreement between Balkan Energy Ltd and
the Republic of Ghana.&nbsp; In accordance with an arbitration clause in the
said agreement, Balkan Energy Ghana Ltd commenced arbitration against the
Republic of Ghana at the Permanent Court of Arbitration in The Hague,
Netherland. On the 1st&nbsp;of April 2014 the arbitration awarded a total of about USD13.3million
in favour of Balkan Energy Ghana Ltd.<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Zenith Bank in enforcing the judgment against Balkan Energy Ghana
Ltd.&nbsp; obtained garnishee order absolute against the Attorney General for
the arbitral award to be assigned to it (Zenith Bank). The Garnishee order
absolute was granted on the 13th of October 2017. Consequently by a letter
dated 16th&nbsp;February 2018 the Attorney - General instructed the Minister
of Finance to pay Zenith Bank.<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">In the meantime Balkan Energy Ghana Ltd. petitioned the United
States District Court for the District of Columbi</main>