DANIEL GIBSON DANSO vs. INTECELL INVESTMENTS LTD & 3 ORS.

GYAESAYOR, JA This is an appeal against the decision of the High Court, Accra dated 5th of March 2018. In this judgment the plaintiff/respondent shall be called plaintiff whiles the appellants shall be called defendants. The plaintiff is a retired police officer who invested an amount of Gh¢80,000 into an alleged financial institution belonging to 2nd to 4th defendants known as Intercell Financial Investment. He was to be paid a monthly interest of Gh¢2,400 from 5th June 2011 to February 2012. After some initial payment of the interest agreed upon, they ceased paying. Plaintiff then applied for a return of half of his investment which amounted to Gh¢40,000 but they failed to pay. He then reported the matter to police CID who found during their investigation that the defendants were not licensed to operate as a financial institution. He therefore wrote to terminate the agreement. As a result of police investigation the matter went to the Circuit Court who discharged the def...