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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    African Finance Ministers tasked to allocate more resources into education sector

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

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    Leverage crises to improve fortunes of continent – Ofosu-Dorte

    Unilever Ghana PLC remains upbeat about future growth prospects

    Citi Business Festival enters final week; forum on agribusiness comes off today

    BoG must enforce regulations on informal forex trading – Prof. Quartey

    DBG will mirror KfW’s successful banking model to benefit SMEs

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

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    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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Court dismisses Trade Fair Contempt Case; Development can continue

June 9, 2020
in Local Economy, Top Stories
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A contempt case brought against the Ghana Trade Fair Company Limited by its former tenants over the demolition of their structures has been dismissed by the Court of Appeal.

The tenants of the demolished structures condemned the exercise and accused Trade Fair Company of failing to give them ample notice.

Management of Trade Fair has for some time now stated its intention to revamp the facility to restore the once vibrant trading hub to its hay days.

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It is for this reason that all of its tenants were asked to vacate the premises in 2018.

About 20 structures belonging to different companies were pulled down on the authorization of the Trade Fair Company Limited.

But some aggrieved tenants filed a contempt suit against the company, on the basis that the company had gone ahead with the demolition despite a pending suit.

However, the Court of Appeal ruled that the tenants had not proved “beyond a reasonable doubt” that the Ghana Trade Fair Company Limited had committed contempt as alleged.

The ruling means the Trade Fair Company can go-ahead to develop its land.

The court also awarded a cost of GHS5,000 against all the applicants, including Raymond Archer.

Owners of the demolished buildings accused the authorities of carrying out the exercise on February 17, 2020 without giving them ample notice, though the company disputed the claims.

The company said it had informed all the tenants about the redevelopment project and gave them the mandatory six months notice on July 10, 2018, to vacate the site by December 31, 2018.

The company also referenced High Court ruling on February 12, 2020, which threw out an injunction order paving the way for the redevelopment.

It also assured that no business was targeted for demolition because of their political or other affiliations.

Source: citinewsroom.com
Tags: Ghana Trade Fair Company Limited
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