CAL BANK GHANA LTD vs. FERBRIT INTERNATIONAL

JUDGMENT The facts of the instant suit are in my view quite straight forward and do not admit of much controversy. On the 10th of May 2018, the Plaintiff herein issued a Writ against the Defendants herein seeking against them jointly and severally, the following reliefs: a) Recovery of the sum of One Hundred and Thirty-One Thousand Four Hundred and Twenty-Nine Ghana Cedis Forty-Six Pesewas (GH¢ 131,429.46) being the Defendants’ indebtedness to Plaintiff as of the 1st of March, 2018 b) Interest on the said sum of One Hundred and Thirty-One Thousand Four Hundred and Twenty-Nine Ghana Cedis Forty-Six Pesewas (GH¢ 131,429.46) at the Plaintiff’s base rate plus margin of 3% per annum from the 1st of March, 2018 till date of final payment. Plaintiffs’ case may be summarized as follows; It is a corporate body registered under the Laws of Ghana and engaged in the business of banking. The 1st Defendant on the other hand at all times material to the instant suit was its customer...