JUDGMENT
DEKYEM, J.
Plaintiff was an employee of Defendant, the latter being an insurance company registered under the laws of Ghana. By letter dated 27th April, 2011, Plaintiff served notice on Defendant to resign effective 30th June, 2011. Due to exigencies at Defendant’s, the latter impressed upon Plaintiff to remain and take up the position of General Manager and be the Acting Chief Executive whereupon, Plaintiff withdrew his resignation by letter dated 30th June, 2011 and accepted the offer. The parties executed a new employment contract dated 1st July, 2011 for a fixed term of three years unless terminated by either party by giving a written three months notice or by the Defendant for stated cause.
During the tenure of the employment contract, Defendant undertook restructuring exercise which abolished the position of General Manager and also an exercise to recruit a substantive Chief Executive. Plaintiff applied to be considered for the position of Chief Executive but w…