DANIEL OFORI vs. ECOBANK GHANA LIMITED SECURITIES AND EXCHANGE COMMISSION, GHANA STOCK EXCHANGE [2023]DLSC16109

DANIEL OFORI vs. ECOBANK GHANA LIMITED SECURITIES AND EXCHANGE COMMISSION, GHANA... [2023]DLSC16109

Date	2023-05-17
Suit No.	CIVIL MOTION NO. J7/01/2022
Citation No.	[2023]DLSC16109

YEBOAH CJ (PRESIDING)

DOTSE JSC

BAFFOE-BONNIE JSC

PWAMANG JSC

PROF. KOTEY JSC

OWUSU (MS.) JSC

AMADU JSC

KIZITO BEYUO ESQ. WITH MINA OSEI-OWUSU ESQ. FOR THE 1ST DEFENDANT/RESPONDENT/RESPONDENT/APPLICANT

TSATSU TSIKATA ESQ. WITH THADDEUS SORY ESQ. FOR THE PLAINTIFF/APPLICANT/APPLICANT/RESPONDENT.

[2023]DLSC16109
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													<main id="main" class="content" style="min-height: 60rem" >DANIEL
OFORI<o:p></o:p>&nbsp;&nbsp;&nbsp; (PLAINTIFF/APPELLANT/APPELLANT/RESPONDENT)<o:p></o:p>vs.<o:p></o:p><a name="_heading=h.gjdgxs"></a>ECOBANK GHANA LIMITED<o:p></o:p>(1ST
DEFENDANT/RESPONDENT/RESPONDENT/APPLICANT)<o:p></o:p>SECURITIES AND EXCHANGE COMMISSION<o:p></o:p>(4TH DEFENDANT)<o:p></o:p>GHANA STOCK EXCHANGE<o:p></o:p>(5TH DEFENDANT)<o:p></o:p>[SUPREME
COURT, ACCRA]<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;">

CIVIL MOTION NO. J7/01/2022&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:
17TH MAY 2023&nbsp; <o:p></o:p>

</div>COUNSEL <o:p></o:p>KIZITO
BEYUO ESQ. WITH MINA OSEI-OWUSU ESQ. FOR THE 1ST DEFENDANT/RESPONDENT/RESPONDENT/APPLICANT.<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;">

TSATSU TSIKATA ESQ. WITH THADDEUS SORY ESQ.
FOR THE PLAINTIFF/APPLICANT/APPLICANT/RESPONDENT.<o:p></o:p>

</div>CORAM&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p><span style="font-size:12.0pt;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-GB;mso-bidi-font-weight:bold">YEBOAH CJ (PRESIDING), DOTSE
JSC, BAFFOE-BONNIE JSC, PWAMANG JSC, PROF. KOTEY JSC, OWUSU (MS.) JSC, AMADU
JSC<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: black; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: black; border-right: none; padding: 1pt 0cm;">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;text-align:center;
line-height:normal;border:none;mso-border-top-alt:solid black 1.5pt;mso-border-bottom-alt:
solid black 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">RULING<o:p></o:p>

</div>&nbsp;MAJORITY DECISION<o:p></o:p>AMADU
JSC:-<o:p></o:p><span lang="EN-US" style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-style:italic">1.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; My Lords, the trajectory of this case as disclosed
by the record before me has once again brought to the fore the policy of the
law expressed in the Latin maxim;&nbsp; interest
reipublicae ut sit finis litium meaning, “it concerns the State that lawsuits be not protracted”. The dispute
between the respondent and the applicant has seen a litany of applications even
after substantive judgment by this Court which is the final Court of appeals in
this Republic. This fact was acknowledged by my revered brother, Dotse JSC, who
authored the opinion of the minority of the ordinary bench in the ruling in
Civil Motion No. J5/54/2021 dated 13th July, 2021 that is sought to be reviewed
by the present proceedings. In the opinion His Lordship remarked as follows;<o:p></o:p>“This case has evinced unprecedented post judgment/review applications
more than in any other case in my 13&nbsp;years experience&nbsp;on the Supreme
Court Bench.”<o:p></o:p>2.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The
present review application is at the instance of Ecobank Ghana Limited which was the first defendant in the trial
proceedings that resulted in the final appeal to this Court in Civil Appeal No.
J4/11/2016 in which judgment was
delivered on July 25, 2018. I shall for the sake of convenience
adopt the description ‘“Applicant” for the first defendant in this ruling and
“Respondent” for the plaintiff. <o:p></o:p>&nbsp;3.<span style="font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;