Supreme Court decision is in our interests - Isofoton SA

The Local representative for Isofoton SA, Mr. Forson Anane-Agyei has expressed satisfaction with the decision by the Supreme Court to put on hold all proceedings in other lower courts with respect to the judgment debt payment to firm.

Mr. Anane-Agyei in an interview on Eyewitness News mentioned that the Supreme Court’s order on Thursday, contrary to widely held opinion, was not a setback.

“It is a fair decision because if we have gone for the rest of the money, then what will be the need for Mr. Martin Amidu to have gone to the Supreme Court. So for us it is very fair under the circumstance.

I am saying that until today, there is no restraining order from any court not to go for the rest of the money and we were preparing to go for the rest of the money, Mr. Amidu got wind of it and he sent an application to the Supreme Court to stop us; that is all,” he added.

According to Mr Anane-Agyei, the Supreme Court’s decision benefits the company in the long run.

“Definitely we will take interest if it is even ten years. We will calculate the interest; already we are entitled to two years interest and we will take it. We have no problem at all and the decision of the Supreme Court today is fair.”

The Supreme Court presided over by Justice Date-Bah on Thursday ordered and granted the application filed by Martin Amidu praying for an order for all proceedings in other lower courts in respect of judgment debt payment to Spanish firm, Isofoton, to be put on hold.

The case which was filed by former Attorney General, Martin Amidu, is challenging a claim of $1.3 million by Spanish company Isofoton SA as judgment debt from the Ghana government.