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High Court in Ghana upholds BoG's lawful revocation of Smith-Graham's UMB board chair appointment.
The High Court in Ghana dismissed an application by George Smith-Graham, a former UMB Bank director, for a judicial review against the Bank of Ghana (BoG).
The court ruled that the BoG's decision to disapprove Smith-Graham's appointment as UMB's board chair was lawful, as it followed a directive requiring prior written "No Objection" for redesignating non-executive directors.
The court concluded that the BoG had the authority to revoke Smith-Graham's appointment under Act 930, which regulates banking conduct, without a hearing.
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El Tribunal Superior de Ghana confirma la revocación legal de BoG del nombramiento del presidente de la junta directiva de Smith-Graham.