ASSOCIATION OF FINANCE HOUSES vs. BANK OF GHANA AND ATTORNEY GENERAL [2021]DLSC10788

Date	2021-07-28
Suit No.	WRIT NO. J1/04/2021
Citation No.	[2021]DLSC10788

DOTSE JSC (PRESIDING)

MARFUL-SAU JSC

DORDZIE (MRS.) JSC

OWUSU (MS.) JSC

TORKORNOO (MRS.) JSC

PROF. MENSA-BONSU (MRS.) JSC

KULENDI JSC

THADDEUS SORY WITH HIM SEAN POKU AND NANA BOAKYE MENSAH-BONSU FOR THE PLAINTIFF

ACE ANAN ANKOMAH FOR THE 1ST DEFENDANT

ALFRED TUAH-YEBOAH (DEPUTY ATTORNEY-GENERAL) WITH HIM GRACE EWOAL (MRS.) (CHIEF STATE ATTORNEY)

YVONNE OBUABISA (DEPUTY PUBLIC PROSECUTOR) AND REGINALD NII ODOI (ASSISTANT STATE ATTORNEY)FOR THE 2ND DEFENDANT

[2021]DLSC10788
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													<main id="main" class="content" style="min-height: 60rem" >ASSOCIATION OF FINANCE HOUSES<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>BANK OF GHANA AND ATTORNEY GENERAL<o:p></o:p>[SUPREME COURT, ACCRA]<o:p></o:p>WRIT NO. J1/04/2021&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;DATE: 28TH JULY, 2021<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 31pt 31pt 1pt; margin-left: 0cm; margin-right: 13.9pt;">

<p class="MsoNormal" align="center" style="text-align:center;line-height:115%;
border:none;mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;
mso-padding-alt:31.0pt 31.0pt 1.0pt 31.0pt;mso-border-shadow:yes">&nbsp;

</div>COUNSEL:<o:p></o:p>THADDEUS SORY WITH HIM SEAN POKU AND NANA BOAKYE
MENSAH-BONSU FOR THE PLAINTIFF.<o:p></o:p>ACE ANAN ANKOMAH FOR THE 1ST DEFENDANT.<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

ALFRED TUAH-YEBOAH (DEPUTY ATTORNEY-GENERAL) WITH
HIM GRACE EWOAL (MRS.) (CHIEF STATE ATTORNEY), YVONNE OBUABISA (DEPUTY PUBLIC
PROSECUTOR) AND REGINALD NII ODOI (ASSISTANT STATE ATTORNEY)FOR THE 2ND DEFENDANT .<o:p></o:p>

</div>CORAM:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

DOTSE JSC (PRESIDING), MARFUL-SAU JSC, DORDZIE
(MRS.) JSC, OWUSU (MS.) JSC, TORKORNOO (MRS.) JSC, PROF. MENSA-BONSU (MRS.)
JSC, KULENDI JSC <o:p></o:p>

&nbsp;

</div>&nbsp;KULENDI
JSC:-<o:p></o:p>&nbsp;INTRODUCTION <o:p></o:p>Before us is a writ invoking
the original jurisdiction of this Court brought by the Plaintiff seeking the
interpretation and the enforcement of the 1992 Constitution, and appropriate
orders and directions to give effect to any orders made. <o:p></o:p>CAPACITY<o:p></o:p>The Plaintiff says
that it is a company limited by guarantee and as such brings this action in the
capacity of a person under Articles 2(1) and 130 of the 1992 Constitution of
the Republic of Ghana. <o:p></o:p>BACKGROUND<o:p></o:p>According to
averments made by
the Plaintiff, specifically at page 3 of its
Statement of Case, this suit is provoked by a “document of the 1st Defendant dated in December 2018 and titled; “Explanatory
Notes on the Revised Corporate Governance Directive issued in December 2018” and
the "Corporate Governance Directive of 2018.” <o:p></o:p>&nbsp;These Documents, and not “document”, are referred to by the Plaintiff
as “the directives” and while the Plaintiff says that both the explanatory
notes and the Corporate Governance Directive of 2018 are marked as exhibit 1,
it appears that only the Corporate Governance Directive of 2018 is exhibited
and marked as Exhibit 1. <o:p></o:p>&nbsp;