The Supreme Court has finally brought an end to the long-running commercial battle between businessman Daniel Ofori and Ecobank Ghana, affirming earlier rulings that enforce a 30% compound interest obligation against the bank.
The judgment draws a definitive close to an 18-year legal contest that has moved through multiple tiers of Ghana’s judiciary and remained one of the country’s most referenced financial disputes.
The apex court confirmed that Mr. Ofori is entitled to monthly compounded interest at an agreed rate of 30% per annum, calculated from June 2, 2008—the date of his investment—through to July 25, 2018, when the Supreme Court first entered judgment in his favour.
In addition, the court directed that post-judgment interest shall continue to accrue at 13.5% until the outstanding debt is fully satisfied.
The dispute stems from a contested 2008 share transaction valued at approximately GH¢13.76 million between Mr. Ofori and Ecobank Ghana. Over the years, the case has developed into a significant reference point in Ghana’s commercial jurisprudence, particularly on compound interest agreements and the enforcement of contractual financial obligations.
Ecobank’s final attempt to overturn the earlier decision was dismissed, effectively sealing the long-standing appeal process.
The May 2026 ruling now stands as a conclusive determination in the matter, bringing long-awaited finality to a case that has shaped discourse around banking contracts and investment agreements in Ghana.