STANBIC BANK GHANA LTD V. WILFRED @ FINANCE LTD & WILFRED KWAKU OSEI

RULING

[1] The Applicant/Applicant (hereinafter called “the Applicant”) filed the instant application for the determination of the Reserved Price for the collateral against the Respondents/Respondents (hereinafter called “the Respondents”) on 15th May 2025.

[2] The application is supported by a 13-paragraph Affidavit. Paragraphs 4, 5, 6, 7, 8, 9, 10, 11, 12 and 13 read as follows:

4. That the Applicant obtained a favourable ruling on December 5th, 2023, to possess the collateral property being the residence of the Respondent/Judgment Debtor, cause a valuation to be done and to revert for the setting of the reserve price. A copy of the Ruling is hereby attached as “Exhibit A”,

5. That the Judgment Creditor/Applicant followed due process and obtained the requisite orders from the Court and subsequently with the support of the Ghana Police Service the possession was effected on April 25th, 2024.

6. That after the peaceful possession of the collateral property, the Respondent approached the Applicant w…