NANA OSEI AKOTO vs . GOLD COAST FUND MANAGEMENT LTD.

On 15th April 2019, Counsel for the Defendant/Applicant (hereinafter called the Applicant) filed a Motion on Notice to set aside the Writ of Summons and Statement of Claim filed on 1st March 2019 or to transfer the present matter to the High Court, Accra. Per the endorsement on the Plaintiff’s/Respondent’s (hereinafter called the Respondent) Writ of Summons and Statement of Claim the following reliefs were sought: a. An order for the payment of the sums of Six Hundred and Ten Thousand Ghana Cedis (GHC610,000.00) and Five Hundred Thousand Ghana Cedis (GHC500,000.00) which sums the Plaintiff invested with the Defendant company on 18th August, 2017 and 19th February, 2018 and which investments matured on the 18th August, 2018 and 31st October, 2018 respectively but which said sums the Defendant has failed to pay despite repeated demands by the Plaintiff. b. Interest on the said amounts at the prevailing commercial bank lending rate from 1st November, 2018 till the date of final paym...