The High Court in Accra has granted an interlocutory injunction restraining Zeepay Ghana Limited, its directors, shareholders, management, employees, agents and other persons from dealing with or interfering with the company’s management, assets and affairs pending the determination of a petition for its winding-up.
The order, issued by Justice John-Mark Nuku Alifo of the Commercial Division of the High Court on Wednesday, follows a petition filed by the Office of the Registrar of Companies (ORC) under the Corporate Insolvency and Restructuring Act, 2020 (Act 1015).
The petition seeks the official winding-up of Zeepay Ghana Limited.
The court also ordered the ORC to take possession of all the assets of Zeepay, including landed property, movable property, electronic and digital devices, under an inventory supervised by the Registrar of the Court.
The inventory is to be filed at the court registry within 72 hours of the signing of the inventory.
In granting the injunction, Justice Alifo said the ORC had demonstrated a prima facie case for the protection of the investments and interests of creditors, depositors and persons with lawful claims against the company.
The court noted that failure to grant the injunction could expose creditors and the general public to irreparable damage, as the assets of the company could be dissipated.
It further held that the winding-up petition raised serious questions to be determined and was neither frivolous nor vexatious.
The ruling followed an application filed by the ORC on August 6, 2026, while the petition for the winding-up of Zeepay was filed on August 5, 2026.
According to the ruling, the petition and the application for the injunction were served on Zeepay through its Managing Director, Andrew Takyi Appiah, on August 13, 2026.
The court said no affidavit in opposition had been filed by Zeepay, although it was within the company’s right to do so.
Under the injunction, Zeepay, its directors, shareholders, officers, management, employees, agents, assigns, privies, grantees, allocatees, hirings and any other persons are prohibited from dealing with or interfering with the company’s assets, including its electronic platforms, bank accounts and funds held on its behalf by other persons.
The court, however, clarified that the order would not affect assets of Zeepay that had been lawfully attached in execution of a judgment by a court of competent jurisdiction where the execution was ongoing or had been completed.
The Greater Accra Regional Commander of the Ghana Police Service was also directed to deploy enough police officers to ensure the peaceful execution of the court’s orders, protect lives and property, and prevent any breach of the peace.
The ORC was represented by Counsel Azali A. Ackuaku, while Favour Anyere represented Zeepay for Kwesi Fynn.
The interlocutory injunction will remain in force pending the final determination of the winding-up petition.
BY MALIK SULLEMANA
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