AFRICA LIFE ASSURANCE LIMITED vs. GOLDEN LINK SAVINGS & LOANS

JUDGMENT The Plaintiff per its Writ of Summons filed on 13th June 2022, claims against the Defendant as follows: a. Recovery of Three Million, Three Hundred and Thirty-Two Thousand, Six Hundred and Ninety-Three Ghana Cedis (GHS 3,332,693.00) as at 21st March 2022. b. Interest on the sum of Three Million, Three Hundred and Thirty-Two Thousand, Six Hundred and Ninety-Three Ghana Cedis (GHS 3,332,693.00) as at 21st March 2022 until date of final payment. c. General damages for breach of contract. d. Cost inclusive of solicitor’s legal fees. The Writ of Summons and the Statement of Claim were served on the Defendant on 21st June 2022. The Defendant entered appearance on 24th June 2022, and filed its Statement of Defence on 19th July 2022. The parties could not settle the matter at the pre-trial settlement conference. Therefore, the following issues were set down for trial by the court on 24th March 2023. 1. Whether or not on the expiration of the maturity date, the Defendant p.....