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Court awards Blue Rose over US$1.1m following breach of housing loan deal by Shelter Afrique

The Commercial Division of the Accra High Court has awarded damages in excess of US$1.1 million to Ghanaian real estate developer Blue Rose Limited, following a failed housing finance agreement with The Company for Habitat and Housing in Africa, otherwise called Shelter Afrique. The court, presided over by Justice Samuel Djanie Kotey, held that Shelter Afrique’s failure to disburse a contracted loan facility, despite Blue Rose Ltd.'s full compliance with all agreed conditions, constituted a breach of contract.


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