CHRISLINE FINANCIAL SERVICES LTD vs. ROSE OMABOE

i. Introduction: [1] The Plaintiff Company, Chrisline Financial Services is a Company registered under the laws of Ghana and engages in the business of providing financial services to its customers. The Plaintiff contends that it granted the Defendant who is a Customer and trades under the business name Naa Abekan Lube & Energy various loan facilities for her business pursuant to a loan application by the Defendant. The Plaintiff contends the Defendant has breached the terms of the agreement. The issues for my resolution in this case include: (i) whether or not the rate of interest on the various loan facilities granted to the Defendant on the 18th of October, 2006 and 23rd November 2006 respectively was 6% per month, or 6% per annum, (ii) whether or not the rate of interest on the various loan facilities granted to the Defendant on the 6th of December, 2006 and 11th December 2006 respectively was 5% per month, or 5% per annum; and (iii) whether or not the Defendant has been awar...