A businessman, Daniel Ofori, has successfully won a legal battle against Ecobank, with a court confirming his entitlement to significant compounded interest on his investment.
The ruling mandates Ecobank to pay Mr. Ofori monthly compounded interest at an agreed rate of 30 percent. This interest is to be calculated from June 2, 2008, the date of his initial investment, up to July 25, 2018.