PETER N.D. AMEDOME vs. EMMANUEL SARFO

From the Plaintiff’s Statement of Claim and pleadings, the following material facts can be ascertained. The Plaintiff is a businessman retailing in books although at the time the ensuing events unfolded he was enrolled as a student with the Ghana Telecom University, Accra. The Defendant, on the other hand, is a businessman trading under the name and style of G-ZONE at the Kwame Nkrumah Circle where he sells mobile phone handsets and accessories and also works as an automobile dealer. It is the claim of the Plaintiff that he advanced a loan to the Defendant to assist the Defendant in his business. On July 30, 2014, he entered into an agreement with the Defendant for the repayment of the debt, which was then in the sum of Sixteen Thousand, Eight Hundred Ghana Cedis (GH¢16,800.00). He contends that due to the Defendant’s refusal to pay the said debt in accordance with the terms of the agreement, the parties renegotiated the terms and entered into another repayment agreement ...