SALOME OPOKU AGYEMANG vs. FREDERICK KYEI

The endorsement on the Plaintiff’s writ of summons issued from the registry of this court on 11/06/2012 reads as follows: The Recovery of liquidated cash sum of GH¢ 50,400.00 inclusive of interest being financial facility which the Plaintiff advanced to the defendant towards the expansion of the defendant’s business somewhere in 2003 but which said amount the defendant has refused to tender and or repay same to Plaintiff despite several acknowledgments and rescheduling of repayments. A summary of the Plaintiff’s case is that somewhere in the year 2003, the defendant approached her for some financial assistance towards the expansion of his business with a firm binding agreement that the defendant would give the Plaintiff 5% of that amount per month as interest. Irrespective of higher interests charged by financial institutions such as the UT Financial Services (10%), the Plaintiff gave an amount of GH¢ 10,000.00 to the Defendant on the agreed terms. It is the Plaintiff’s ...