A.D. F. SERVICES LIMITED (PLAINTIFF/RESPONDENT) vs. THE BANK OF GHANA (DEFENDANT/APPELLANT) [2019]DLCA7703

A.D. F. SERVICES LIMITED (PLAINTIFF/RESPONDENT) vs. THE BANK OF GHANA (DEFENDANT... [2019]DLCA7703

Date	2019-11-26
Suit No.	SUIT NO.H1/83/2018.
Citation No.	[2019]DLCA7703

MARIAMA OWUSU (MRS.) J.A. (PRESIDING)

DZAMEFE J. A.

WELBOURNE (MRS) J. A.

BRIGHT OBENG-MANU WITH SALAS KWAKU YEBOAH AKOWIAH

JENNIFER KISSIWAA AMOAH AND BEATRICE BOATEMAA DAMOA FOR THE PLAINTIFF/RESPONDENT.

KOJO ASARE-BOATENG FOR THE DEFENDANT/APPELLANT.

[2019]DLCA7703
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													<main id="main" class="content" style="min-height: 60rem" >A.D. F.
SERVICES LIMITED<o:p></o:p>(PLAINTIFF/RESPONDENT)<o:p></o:p><span lang="EN-GB" style="font-size:12.0pt;
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>THE BANK OF
GHANA<o:p></o:p>(DEFENDANT/APPELLANT)<o:p></o:p><o:p>&nbsp;</o:p>[COURT
OF APPEAL, KUMASI]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm"><span lang="EN-US" style="font-size:10.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;mso-fareast-theme-font:
minor-fareast;mso-ansi-language:EN-US">SUIT NO.H1/83/2018.&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; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;DATE: 26TH
NOVEMBER, 2019<span lang="EN-US" style="font-size:10.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Times New Roman&quot;;mso-fareast-theme-font:minor-fareast;
mso-ansi-language:EN-US"><o:p></o:p>

</div>COUNSEL:<o:p></o:p>BRIGHT
OBENG-MANU WITH SALAS KWAKU YEBOAH AKOWIAH, JENNIFER KISSIWAA AMOAH AND
BEATRICE BOATEMAA DAMOA FOR THE PLAINTIFF/RESPONDENT.<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

KOJO
ASARE-BOATENG FOR THE DEFENDANT/APPELLANT.<o:p></o:p>

</div>CORAM:<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

MARIAMA OWUSU (MRS.) J.A. (PRESIDING), DZAMEFE J. A., WELBOURNE
(MRS) J. A.<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

JUDGMENT<o:p></o:p>

</div>WELBOURNE
(MRS.) J.A.<o:p></o:p>This
is in appeal against the ruling of the High Court, Sunyani dated the 23rd
day of June 2017.<o:p></o:p>In
this appeal, the Plaintiff/Respondent/Respondent is hereinafter referred to as
the Respondent while the Defendant/Applicant/ Appellant is hereinafter referred
to as the Appellant. The record of appeal is hereinafter referred to as the
record. The Ruling of the Court spanned from pages 44-48 of the Record and the
Notice of Appeal can be found at pages 51-52 of the Record.<o:p></o:p>&nbsp;The facts as stated by the Appellant herein
are that on or about the 18th day of January, 2017, the Appellant
received information from its Regional office in Sunyani about the suspected deposit-taking
activities of the Respondent without the requisite license for the Appellant.<o:p></o:p>Earlier
on, the Appellant was informed by the National Security Council Secretariat by
a letter dated 25th January, 2017 that the Respondent was involved
in deposit taking activities and requested the Appellant to ascertain same and
report on its findings to the National security Council. The Appellant, in line
with its mandate under the Banks Specialized Deposit taking Institutions Act,
2016 (Act 930) sent two officers to the offices of the Respondent to conduct
investigations into the Respondent’s activities.<o:p></o:p>The
Appellant made a complaint to the CID of the Ghana Police Service which also
began parallel investigations into the matter. The Appellant thereafter caused
a publication to be made in the national dailies informing the general public
that it had come to its notice that the Respondent was carrying on deposit
taking activities and that it had no license to do so.<o:p></o:p>On
the basis of the outcome of the investigation into the activities of the Respondent
and in accordance with its mandate under Act 930, Section 20, the Appellant
closed down the Respondent and caused notices to be published in the national
dailies informing the general public of this.<o:p></o:p>Subsequently,
the Respondent filed a Writ of Summons and Statement of Claim on the 14th
of March, 2017 for the following reliefs:<o:p></o:p>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A
declaration that the defendant has no mandate, authority whatsoever to dabble
in the affairs of and/or regulate the plaintiff’s operations.<o:p></o:p><o:p>&nbsp;</o:p>