Four directors of Co-operative Marketing Association restrained

Accra (Greater Accra) 18 Feb '99

An Accra high court has restrained four directors of the Ghana Co-operative Marketing Association (GCMA) from holding themselves as national officers until a suit against them has been finally determined. The court presided over by Mr Justice Richard K. Apaloo named the four as Mr B.K. Senkyire, managing director, Mr Antwi Adjei, deputy managing director, Nana Bandoh Agyei Twum the first and Nana Kwateng Amaning, both directors of the company. The court ordered that, " All national officers holding any positions before this order was made shall surrender all property including vehicles, books and similar items to the Registrar of C-operatives within 10 days hereof". The Registrar is, therefore, authorised to take inventory of such property and manage the affairs of the company, according to the law, until the order was vacated or the suit determined., the court ordered.

The court's orders followed an application filed by Mr Cletus Adadzi, an executive member of the Volta Region branch of the GCMA and seven others praying the court's order to enforce an interlocutory injunction granted by an Accra high court against the GCMA and the four directors. On July 30, 1998, Mr Justice Sule Gbadegbe gave judgement in favour of Mr Adadzi and the others who had applied to the court for an order that the four directors submit weekly returns of the company's operations to the Registrar of Ghana Co-operatives until a writ they have filed against the directors and the company was disposed of.

The directors defied the court's order and as a result, Mr Adadzi and the others applied to Mr Justice Apaloo's court to have the order enforced. In the writ, the applicants have alleged that the directors were misusing the company's funds and property for their personal gains. The court awarded 100,000 cedis costs against each of the four directors.