The Commercial Division of the Accra High Court has ruled in favour of Ghanaian real estate developer Blue Rose Ltd in a long-standing legal battle against Pan-African housing finance institution, The Company for Habitat and Housing.
The case revolved around the institution's failure to disburse a $5.2 million loan facility under a 2016 agreement intended to fund a large-scale housing development.
Presiding over the case, His Lordship Justice Samuel Djanie Kotey delivered judgment on Thursday, July 24, 2025, finding that the defendant breached the terms of the contract by unjustifiably withholding the loan, despite the plaintiff satisfying all pre-disbursement conditions required under the agreement.
The dispute originated from a loan agreement signed between Blue Rose Ltd and The Company for Habitat and Housing on December 15, 2016.
