The ruling on the licence revocation of Unicredit Savings and Loans is expected to be made by an Accra High Court on September 26.
The case was brought before the court by the owners of the savings and loans company.
The Bank of Ghana in its response prayed the court to quash a matter brought before it arguing that the matter should have been handled at an arbitration level before proceeding to court.
But the counsel for Unicredit savings and loans insist that the decision taken by the Bank of Ghana is a breach of natural justice.
The high court judge, Justice George Komsoon thus set 26th September to rule on whether the jurisdiction was proper or not.
source: Citi Newsroom