FRANCIS K. BARIMA KUFFOUR vs. NOBLE DREAM MICRO FINANCE LTD.

This action for the recovery of the sum of GH¢ 49, 725.11 arose from a Micro Finance/Customer relationship whereby the Plaintiff allegedly invested his money with the Defendant for a specified period subject to terms. The Plaintiff is also asking for interest on the amount said to have been invested and damages for breach of contract. In his statement of claim filed on 13/02/2015, the Plaintiff asserted that on 27/12/2012, he invested an amount of GH¢20,000.00 with the Defendant for a period of 182 days at an interest rate of 18% per investment period. On the maturity date of 27/06/2013, the Plaintiff averred that he rolled over the principal amount, accrued interest and topped the investment up with the sum of GH¢ 10,000.00. He also indicated that he added GH¢9,600.00 to the amount invested earlier and that brought his total investment to GH¢ 45,000.00. His case is that the Defendant failed to repay his money on the agreed terms upon maturity and has continuously refused to do ...