Court Rules in Favor of Kojo Forex, Bongo Ideas to Pay ₵170K
Justice Forson Agyapong Baah of the Accra High Court ordered Bongo Ideas to pay ₵170K to Kojo Forex after losing the Defamation Case. The Court also granted a permanent injunction in favour of the Forex trader.
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The Ghanaian Forex trader filed the lawsuit on 17 May 2023; he also filed an amended statement of claim in court, accusing the social media critic of libel. In his suit, he sought damages of one million Ghana cedis (GH₵1,000,000).
On January 28, 2025, Justice Forson Agyapong Baah of the Accra High Court, Jurisdiction 2, rendered a decision following a consideration of the evidence.
FINAL COURT JUDGEMENT @1BongoIdeas
— KOJO FOREX (@KojoForex) February 26, 2025
🫱🏻🫲🏽 pic.twitter.com/XDSB4peTgq
In addition to GH₵100,000 in general damages, the court also granted Forex Trader GH₵50,000 in exemplary, compensatory, and aggravated damages. Furthermore, the defendant was ordered to pay GH₵20,000 in legal costs.
In addition to the financial awards, the court granted further relief to the plaintiff. Bongo Ideas was ordered to publicly apologise for the defamatory statements and retract them on his Twitter page within 21 days of the judgment.
The court also issued a permanent injunction preventing Bongo Ideas from making or publishing any further defamatory statements about Kojo.
Best Caption with the most likes 👍🏼 wins $50 pic.twitter.com/ZzY1OVV64C
— KOJO FOREX (@KojoForex) February 25, 2025
This ruling marks a significant legal setback for Bongo Ideas, who has often been a controversial figure on social media.
