Ecobank Assures Customers of Financial Stability Amid Court Ruling
By Maame Efua Kwaduah
Ecobank Ghana PLC has assured customers and stakeholders that its financial position remains strong and its operations stable despite a recent Supreme Court ruling in favour of businessman Daniel Ofori in a long-standing legal dispute.
In a statement, the bank said it remains committed to respecting the judicial process and upholding the rule of law while continuing to provide uninterrupted banking services to customers across the country.
The assurance follows a fresh setback for the bank after the Supreme Court dismissed its latest attempt to overturn an earlier judgment in favour of Mr. Ofori in a dispute linked to a 2008 investment transaction involving shares in CAL Bank.
According to Ecobank, despite the legal developments, the bank’s financial position remains “strong and resilient,” stressing that all services across its branches and digital platforms continue to operate normally without disruption.
“As a responsible financial institution, Ecobank Ghana PLC respects the judicial process and will continue to uphold the rule of law,” the statement noted.
The Supreme Court, in its ruling delivered on May 6, 2026, reaffirmed that Daniel Ofori is entitled to 30 percent monthly compounded interest on an investment amount of GH¢6.16 million from June 2, 2008, to July 25, 2018, which was the date of the court’s original judgment in the matter.
The apex court further ordered the bank to pay post-judgment interest at 13.5 percent per annum until the full debt is settled. In addition, the court awarded GH¢50,000 in legal costs to Mr. Ofori.
The case, which has stretched over several years, centres on a disputed share transaction dating back nearly two decades. Since the initial judgment in 2018, the matter has gone through multiple reviews, hearings, and applications before the latest ruling reaffirmed previous decisions in favour of the businessman.
Earlier court proceedings clarified that the 30 percent compound interest should be calculated up to the 2018 judgment date, after which the statutory post-judgment interest would apply until the final settlement of the debt.
Despite the significant financial implications of the ruling, Ecobank maintained that its operations remain unaffected and customers should continue to have confidence in the bank’s stability and ability to meet its obligations.
The bank also reiterated its commitment to maintaining trust and confidence among customers and stakeholders while it continues to comply with the legal process.
