The local representative for Isofoton SA, Mr. Forson Anane-Agyei, has opined that the Supreme Court ruling to put on hold all proceedings in other lower courts, with respect to the judgment debt payment to the firm ‘is not a setback’.
“It is not a setback at all…For us we do appreciate it. It is a fair decision…it is very fair under the circumstances…” he said in an interview with Shamima Muslim on Citi Eye Witness news.
On Thursday, the Supreme Court presided over by Justice Date-Bah, by an interim order, granted the application filed by Martin Amidu, former Attorney General, 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 is challenging a claim of $1.3 million by Isofoton SA as judgment debt from the Ghana government.
The company has so far received part payment of the money from the Ghana government.
Mr. Anane-Agyei indicated that before the Supreme Court gave its ruling on Thursday, there was no restraining order from any court preventing them from going for the rest of the money; adding, “we were preparing to go for the rest of the money, until Mr. Amidu got wind of it and sent an application to the Supreme Court to stop us”.
According to him, his firm is not worried about the decision of the Supreme Court because the longer the case stays in court; the higher the interest on the money grows.
“Definitely, we will take the interest even if it takes 10 years… already we are entitled to two years interest and we will take it. We have no problem at all. It is to our benefit. We don’t have any problem at all. We are confident that at the end of the day, we will win the case” he asserted.
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