WILLIAM QUARTEY AND TRADEX RESOURCES FOUNDATION vs. NEIL HAMMOND & 2 ORS AND SETH QUARTEY & 2 OTHERS

DZAMEFE, JA The plaintiff/respondent issued this writ of summons against the defendant/judgment debtors in the High Court, Commercial Division, Accra for the following reliefs: 1. Recovery of the sum of Gh¢288,419.87 being the outstanding amount due on the facility granted the 1st Defendant on 26th June 2008, repayment of which was guaranteed by the 2nd Defendant but the payment of which the defendants have failed and/or neglected to settle. 2. Interest accruing after 26th June 2008 at the rate of 10% per month calculated on a compound basis on all outstanding balance up to and inclusive of the date of final payment. 3. Costs The plaintiff in his statement of claim averred he is the Chief Executive Officer (CEO) of the 2nd plaintiff Foundation. The 1st defendant is the Managing Director of a travel agency in Accra and the 2nd defendant his spouse. In June 2008 the plaintiff’s granted 1st defendant company the sum of Gh¢20,000.00 as a loan facility for its business on agre...