BARCLAYS BANK OF GHANA LTD vs. AKUAFO ADAMFO & 4 ORS

JUDGMENT In A Writ of Summons filed on the 29th of March, 2016 and subsequently amended, the Plaintiff claims against the Defendants the following reliefs;- “(a) Recovery of the sum of GH¢62, 915, 744.00 (b) Interest at the rate of 30.22% per annum on the sum of GH¢62, 915, 744.00 from the 11th day of December, 2015 to date of final payment (C) Legal fees and costs at the approved mid-year review of Ghana Bar Association’s rate” The brief facts of the case are that, the Plaintiff, a reputable banking institution granted two short term facilities in the nature of loans and an overdraft to the Defendant to the total value of GH¢60, 000.00. The 1st Defendant defaulted in the repayment which became due on the 24th October, 2014. As at 11th December, 2015 when the Plaintiffs wrote the final demand notice to the Defendants, the total indebtedness of the Defendant stood at GH¢62, 915, 744.00, the figure on which the Plaintiff issued the instant Writ on the 19th January, 20...