The Commercial Division of an Accra High Court, presided over by Justice Samuel Faraday Johnson has thrown out its own earlier orders to the Office of Registrar General (ORC) to wound up Zeepay Ghana Limited for lack of jurisdiction.
The ORC had on July 17, 2026 secured an ex-parte ruling, on the blindside of Zeepay’s lawyers, from the same judge to, among other things, wound up Zeepay and also act as the liquidator of the company’s assets.
The court also ordered that all of Zeepay’s bank accounts be frozen, and the ORC should take full control of all of Zeepay assets, digital records, database, electronic systems and access codes to its systems. It also ordered all persons holding any assets belonging Zeepay to submit same to the ORC.
The main reason the ORC cited in court for its action was the revocation of Zeepay’s DEMI (dedicated electronic money issuer) license by the Bank of Ghana, even though the withdrawal of a particular license from a company does not mean the company cannot do any other business.
Per the ruling, the orders lasted for ten (10) days, ending Thursday, July 30, 2026. But the ORC was given the opportunity seek leave from the court to extend it.
In the course of the ten days, the ORC stormed the offices of Zeepay at Cantonments in Accra, and attempted to take over the building and its contents. They reportedly ordered some workers of Zeepay to hand over digital access codes to the company’s systems, but those workers refused to hand over the access codes.
It was from the action of the ORC at Zeepay’s office that the directors of company got to know about the court orders and how those orders were secured.
Lawyers for Zeepay therefore filed an application to quash the July 17 ruling for lack of jurisdiction.
In court today, Counsel for the Applicant, Kwesi Fynn argued that the court lacked jurisdiction to issue those orders because the ORC went to court with an Original Motion instead of a Petition.
He said the ORC therefore misled the court into issuing those orders and they must therefore be completely quashed.
Lawyer for ORC (Respondent), Benjamin ZIgorsh Nyakpenu argued on the basis of some subsidiary legislation, which he claimed allowed the ORC to seek those orders ex-parte.
But the judge, in his ruling, stated that per the substantive legislation covering the matter before it, the Applicant was right, that the Respondent should have come with a Petition instead of an Original Motion.
He therefore agreed that the court lacked jurisdiction on that matter and for that reason all the orders granted previous have been quashed.
So, whereas the July 17 ex-parte ruling killed Zeepay, the July 30 ruling has resurrected the company.
Meanwhile, lawyers for Zeepay have hinted the previous ruling has had grave impact on the company and that is a matter that will be taken up in a separate forum.
