THE REPUBLIC vs. BANK OF GHANA EX PARTE: JOSEPH APOR ADJEI, PHILIP HOMIAH & LINDA ESHUN [2023]DLSC16999

THE REPUBLIC vs. BANK OF GHANA EX PARTE: JOSEPH APOR ADJEI, PHILIP HOMIAH & LIN... [2023]DLSC16999

Date	2023-07-27
Suit No.	CIVIL APPEAL NO: J4/24/2023
Citation No.	[2023]DLSC16999

SACKEY TORKORNOO (MRS.) CJ (PRESIDING)

AMADU JSC

KULENDI JSC

ASIEDU JSC

GAEWU JSC

FRANK DAVIES ESQ.

KWADWO BOAMAH BOAKYE ESQ.

EDEM DIABA ESQ.

[2023]DLSC16999
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													<main id="main" class="content" style="min-height: 60rem" ><a name="_Hlk154138250"></a><a name="_Hlk152146143"><span style="font-size:12.0pt;mso-bidi-font-size:
11.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B0F0">THE REPUBLIC<o:p></o:p></a><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;">(PLAINTIFF)<o:p></o:p><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B0F0">vs.<o:p></o:p><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B0F0">BANK OF GHANA<o:p></o:p><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B0F0">EX PARTE:<o:p></o:p><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;;color:#00B0F0">JOSEPH APOR ADJEI, PHILIP
HOMIAH &amp;&nbsp; LINDA ESHUN<o:p></o:p><span style="font-size:10.0pt;mso-bidi-font-size:11.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;
mso-bidi-font-family:&quot;Book Antiqua&quot;">(APPLICANTS/ <span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">APPELLANTS /RESPONDENTS)<o:p></o:p><span style="font-size:
10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">[SUPREME
COURT, ACCRA]<o:p></o:p><span style="font-size:
10.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">&nbsp;<div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt;">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:115%;tab-stops:4.5pt;border:none;mso-border-bottom-alt:
solid black 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm"><a name="_heading=h.gjdgxs"></a><span style="font-size:10.0pt;mso-bidi-font-size:
11.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;">CIVIL APPEAL NO: J4/24/2023&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 27TH &nbsp;JULY 2023<span style="font-size:12.0pt;mso-bidi-font-size:
11.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:
&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;"><o:p></o:p>

</div><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;">CORAM <o:p></o:p>SACKEY
TORKORNOO (MRS.) CJ (PRESIDING)<o:p></o:p>AMADU JSC<o:p></o:p>KULENDI JSC<o:p></o:p>ASIEDU JSC<o:p></o:p>GAEWU JSC<span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:115%;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-weight:bold"><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;margin-bottom:.0001pt;
text-align:center;line-height:115%;tab-stops:4.5pt;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"><span style="font-size:12.0pt;mso-bidi-font-size:11.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:
&quot;Book Antiqua&quot;">JUDGMENT<o:p></o:p>

</div>SACKEY TORKORNOO CJ:-<o:p></o:p>Background <o:p></o:p>On 8th
October 2019, four natural persons and a company called Boin Microfinance Ltd,
commenced an application for judicial review pursuant to Order 55 of the High Court Civil Procedure Rules 2004 CI 47. The application
sought an order of certiorari to quash a decision of the Bank of Ghana – the 1st
Respondent to the application. Three of the natural persons were supposed to be
shareholders of the company, which was the 1st Applicant. The three
shareholders were the 2nd, 3rd and 4th
Applicant. The 5th Applicant was the chairman of the board of
directors of the 1st Applicant. <o:p></o:p>According to the applicants,
the Governor of Bank of Ghana issued a decision on 31st May 2019
revoking the operating license of hundreds of ‘insolvent microfinance companies’ and appointing a receiver for
regulation of the ‘insolvent’
companies. In the supporting affidavit, the applicants insisted that the 1st
Applicant was not insolvent, and that the company had not been given a hearing
before the taking of the decision to revoke its licen</main>