Business News of Tuesday, 8 September 2026

Source: www.ghanaweb.com

Court dismisses US$1.24 million commission claim against Bank of Ghana

The Bank of Ghana headquarters The Bank of Ghana headquarters

The Court of Appeal has dismissed a US$1.24 million commission claim brought by KAA Law against the Bank of Ghana over the law firm’s alleged role in helping the bank identify land for its new head office.

In its July 2026 ruling, as reported by thelawplatform.online, the court held that the law firm could not recover the commission because the evidence showed that it was acting for the seller of the property rather than the Bank of Ghana.

KAA Law claimed that between 2014 and 2018, it searched for several properties across Accra on behalf of the bank before identifying a 6.22-acre property at Ridge owned by the State Insurance Company Limited (SIC).

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The firm said it introduced the property to the bank, arranged meetings and inspections, and provided documents relating to the proposed sale.

It further alleged that the bank subsequently acquired the property directly from SIC, leaving the firm out of the transaction.

The Bank of Ghana however denied engaging KAA Law as its agent and maintained that it had identified the Ridge property independently.

The Court of Appeal found that there was no written agreement appointing KAA Law as the bank’s agent.

The court also relied on a letter from the firm describing the property as belonging to “our client”, which it said indicated that the firm was acting for the seller.

According to the court, representing both the seller and the buyer would amount to dual agency and would require the informed consent of both parties. It found that no such consent had been established.

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The court therefore upheld the dismissal of the commission claim and rejected the firm’s quantum meruit claim.

However, it reduced the GH¢50,000 in costs awarded by the High Court to GH¢10,000, stating that the original amount had not been properly explained.

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