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THE REPUBLIC V. BANK OF GHANA EX PARTE EXPRESSWAY MICROFINANCE LIMITED

(2022) JELR 110056 (CA)

Court of Appeal  •  H1/44/2022  •  19 Oct 2022  •  Ghana

Coram
ADJEI, JA (PRESIDING) WOOD, JA E.BAAH, JA

Judgement

 ADJEI, J.A

This appeal emanates from the ruling delivered by the High Court Accra on 12th March, 2020 which terminated the judicial review application filed by the Applicant/Applicant for want of capacity. The thrust of the Applicant’s application filed before the High Court was that the Respondent revoked the licence it granted to the Applicant to operate as a Non-Bank Financial Institution, Micro Finance (Deposit-Taking) under the Banking Act, 2004 (Act 673) on 10th April, 2014 without any justification or explanation. According to the Applicant, the Respondent revoked the licences of some Microfinance Companies for being insolvent and included the Applicant as one of them without complying with section 16 of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which prescribes the procedure for revocation of a licence issued by the Respondent to undertake a deposit-taking business. The Applicant filed its application for judicial review under Order 55 of the H…

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