Business News of Tuesday, 26 May 2020Source: Kasapa FMUnicredit case: BoG application for stay of proceedings dismissedThe Bank of GhanaThe Human Rights Division of the Accra High Court presided over by Justice Gifty Agyei Addo has dismissed an application by the Bank of Ghana (BoG) seeking to halt proceedings in a case initiated against it by HODA Holdings. The dismissal of this application has paved the way For the hearing of the substantive case filed by HODA Holdings. Kasapa FM’s Court Correspondent Muntalla Inusah reports that hearing of the substantive case has been adjourned to June 23, 2020. In the ruling of the court on Tuesday, it said the application is dismissed because the applicant (BoG) has not demonstrated the irreparable damage it will suffer should the respondent (applicant) HODA Holdings succeeds. Subject matterIt would be recalled that in October last year the High Court dismissed an application by lawyer of the BoG, Frank Davies, seeking to strike out a case filed by UniCredit challenging the revocation of its license.

Source: GhanaWeb May 26, 2020 10:41 UTC