IN-PETROL GHANA LIMITED vs. GHANA OIL CO. LIMITED [2020]DLCA8851

Date	2020-05-07
Suit No.	APPEAL NO.HI/44/2020
Citation No.	[2020]DLCA8851

P.K. GYAESAYOR J.A (PRESIDING)

I. O. TANKO AMADU J.A

S.G. SUURUBAAREH J.A

JUSTIN AMENUVOR ESQ. WITH MIRACLE ATTACHEY ESQ. - (FOR DEFENDANT/APPELLANT)

COSMAS ANPENGNUO ESQ. - (FOR PLAINTIFF/RESPONDENT)

[2020]DLCA8851
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													<main id="main" class="content" style="min-height: 60rem" >IN-PETROL GHANA LIMITED<o:p></o:p>(PLAINTIFF/
RESPONDENT)<o:p></o:p>vs.<o:p></o:p>GHANA OIL CO. LIMITED<o:p></o:p>(DEFENDANT/ APPELLANT)<o:p></o:p><o:p>&nbsp;</o:p>[COURT
OF APPEAL, ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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APPEAL
NO.HI/44/2020&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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; DATE:&nbsp; 7TH MAY, 2020<o:p></o:p>

</div>COUNSEL:<o:p></o:p>JUSTIN
AMENUVOR ESQ. WITH MIRACLE ATTACHEY ESQ.&nbsp;&nbsp;
- (FOR
DEFENDANT/APPELLANT)<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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COSMAS ANPENGNUO ESQ.&nbsp;&nbsp; -&nbsp; (FOR PLAINTIFF/RESPONDENT)<o:p></o:p>

</div>CORAM:<o:p></o:p>P.K.
GYAESAYOR J.A (PRESIDING), I. O. TANKO AMADU J.A, S.G. SUURUBAAREH J.A<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="text-align:center;border:none;
mso-border-top-alt:solid windowtext 1.5pt;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>

</div>TANKO AMADU J.A<o:p></o:p><o:p>&nbsp;</o:p>(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
This appeal is from the judgment of the High
Court (Commercial Division) Accra, dated the 21st day of March 2019.&nbsp; In the High Court, the Plaintiff/Respondent (hereinafter referred to as the ‘Respondent’)
sought from the Defendant/Appellant (hereinafter
referred to as the ‘Appellant) per an amended writ the following reliefs:-<o:p></o:p>“(a)
&nbsp;&nbsp;A declaration that Plaintiff is
entitled to recover from <o:p></o:p>Defendant the amount of Gh¢2,426,972.53
being the losses incurred by Plaintiff due to Defendant’s breach of the
agreement.<o:p></o:p>&nbsp;(b)&nbsp;&nbsp;&nbsp; An
order directed at Defendant to pay Plaintiff the amount of <o:p></o:p>Gh¢2,426,972.53.<o:p></o:p>&nbsp;(c)&nbsp;&nbsp;&nbsp; A
declaration that Defendant is liable to pay Plaintiff any <o:p></o:p>money that may be due to UT Bank Co.
Limited from Plaintiff as a result of the loan granted Plaintiff<o:p></o:p>&nbsp;(d)&nbsp;&nbsp; An
order that Defendant pays any such amount resulting from<o:p></o:p>the loan from UT. Bank Limited to
Plaintiff.<o:p></o:p>&nbsp;(c) &nbsp;&nbsp;Costs”<o:p></o:p>(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In its amended statement of claim the
Respondent set out the factual matters giving rise to its claim against the
Appellant as follows:-&nbsp; “That
in fulfillment of the functions and objectives of the National Petroleum
Authority, (NPA) an entity established by statute to regulate, monitor&nbsp; and supervise the adjustment of prices of
petroleum products, bulk oil distribution companies which by virtue of price
and/or foreign exchange fluctuations&nbsp;
make profits above the prices set by the NPA pay the resulting profits
known as over recoveries to the NPA.&nbsp; However
where losses are made due to price fluctuations known as under recoveries, the
oil companies are reimbursed for the losses.<o:p></o:p>