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DANIEL OFORI V. ECOBANK GHANA LIMITED, SECURITIES AND EXCHANGE COMMISSION AND GHANA STOCK EXCHANGE

(2019) JELR 68900 (SC)

Supreme Court  •  CIVIL MOTION NO. J7/22/2018  •  27 Feb 2019  •  Ghana

Coram
DOTSE JSC (PRESIDING), YEBOAH JSC, BAFFOE-BONNIE JSC, APPAU JSC, PWAMANG JSC, MARFUL-SAU JSC, DORDZIE (MRS.) JSC

Judgement

RULING

DOTSE, JSC

In this review application, the Applicant herein, who was the Plaintiff/Appellant/Appellant therein in Civil Appeal No. J4/11/2016 has prayed for a review of the judgment of the ordinary bench rendered on the 25th day of July 2018.

BRIEF FACTS

The facts of this case admit of no controversies whatsoever. In brief, the case of the Applicant is that, following confusion which involved 14, 130,000 CAL Bank shares in which the Applicant traded in through his Brokers, at the Ghana Stock Exchange, matters came to a crescendo as a result of which the Applicant issued a writ at the High Court, following inability to settle the confusion and or differences therein. It must be noted that, at the centre of the confusion was the question whether the trade in the 14, 130,000 CAL Bank shares between Applicant and the other sellers through their Broker, Databank, had been settled as at the time of the suspension or that it had failed completely.

Following the failure of the Securities a…

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