Governor, 2 other Bank of Ghana officials cited for contempt

Gov Bank 1Governor of the Bank of Ghana, Dr. Abdul-Nashiru Issahaku

The Governor of the Bank of Ghana, Dr. Abdul-Nashiru Issahaku and two other officials of the Bank have been cited in a contempt of court case for failing to execute a court order.

The other two are Messrs Anthony Ayi Ajavon (Acting Head of Legal), and Saviour Kudze, a schedule officer of the Legal Department of the Bank.

The bank has ‘willfully’ failed to execute a garnishee order imposed on it by the High Court, Commercial Division, according to Mr Eli Agbemava, counsel for Eland International Thailand Company Ltd, which successfully litigated against the National Investment Bank and Prestea Sankofa Gold Ltd.

Having so failed to comply with the “clear and unambiguous valid court oder”, counsel says the court must punish them since they had no option than to comply with the orders, issued first as a garnishee nisi on September 9, 2016, and later as a garnishee absolute on February 7, 2017.