judy.legal
Login Register

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

(2018) JELR 68890 (SC)

Supreme Court  •  CIVIL APPEAL NO. J4/11/2016  •  25 Jul 2018  •  Ghana

Coram
DOTSE JSC (PRESIDING,YEBOAH JSC ,BAFFOE-BONNIE JSC ,APPAU JSC ,PWAMANG JSC

Judgement

JUDGEMENT

PWAMANG, JSC

This case comes before us upon the invocation of our appellate jurisdiction by the plaintiff/appellant/appellant who was dissatisfied with the judgment of the Court of Appeal dated 6th June, 2013 which judgment went in favour of the defendants/respondents/respondents. The case arose out of trading of company shares on the Ghana Stock Exchange. Unless otherwise stated, we shall in this judgment refer to the parties by the descriptions they had in the trial court.

FACTS

The essential facts of this case are quite straightforward. Because the processes of the securities market with which we are concerned in this case are time bound, we shall set out the facts in chronological order. In May 2008, one William Oppong-Bio who was 2nd Defendant in the High Court engaged Databank Brokerage Ltd (Databank), a licensed dealer at the Ghana Stock Exchange (the Exchange), to act as his agent and buy for him 14, 130,000 shares in Cal Bank Ltd which are listed on the Exchange. Aroun…

There's more. Sign in to continue reading

judy.legal is the comprehensive database of case law and legislation from Ghana, Kenya and Nigeria. Gain seamless access to over 20,000 cases, recent judgments, statutes, and rules of court.


Get started   Login