DARFIN FINANCE COMPANY GHANA LIMITED vs. REHOBOTH PROPERTIES LIMITED, GIDEON AKROFI

RULING Final Judgment in default of appearance was entered against the Defendant/ Respondent Company in favour of the Plaintiff Company on the 5th day of March, 2019, in accordance with Order 10 rule (1), for the recovery of the liquidated amount of US$1,078,904 or its Cedi equivalent together with interest as at the rate agreed between the parties from the 30th day of June, 2018 till date of final payment. Cost assessed at 8% of the claim in relief (a) as endorsed on the Plaintiff’s Statement of Claim filed on 11th July 2018. The Plaintiff in this case is a company registered in Ghana to provide financial and business advisory services. The 1st Defendant is a company registered as a Real Estate Company, whilst the 2nd Defendant is the Chief Executive Officer of the 1st Defendant Company. According to the Plaintiff, they granted a working capital loan facility of One Million United States Dollars ($1,000,000.00) for one year at an interest rate of 12% interest per annum to the 1st .....