The Human Rights Division of the High Court has overturned the Bank of Ghana's (BoG) revocation of the operating licence of Ideal Finance Limited, ruling that due process was not followed.
The judgment, delivered on Monday, March 10, 2025, marks a significant victory for the defunct financial institution, which has been challenging the central bank's decision in court.
According to the ruling, the BoG failed to exhaust the proper legal procedures before revoking Ideal Finance's license, making the action unjustified.
This decision effectively restores the company's legal standing.
