BARCLAYS BANK (GHANA) LTD vs SAKARI [1997]DLSC16017

Date	1997-03-26
Suit No.	-
Citation No.	[1997]DLSC16017

CHARLES HAYFRON-BENJAMIN JSC

KPEGAH JSC

ACQUAH JSC

ATUGUBA JSC

AKUFFO JSC

T A Tagoe

Mohammed Mumuni

[1997]DLSC16017
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													<main id="main" class="content" style="min-height: 60rem" >BARCLAYS BANK (GHANA) LTD<o:p></o:p>vs<o:p></o:p>SAKARI<o:p></o:p>[SUPREME COURT, ACCRA] <o:p></o:p>1GLR 746-767<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0in 0in 1pt;">

<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATE: 26 MARCH 1997<o:p></o:p>

</div>COUNSEL<o:p></o:p><p class="style" style="margin: 0in 0in 0.0001pt; text-align: justify; line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">T A
Tagoe&nbsp;<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0in 0in 1pt;">

Mohammed Mumuni&nbsp;<o:p></o:p>

</div>CORAM<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0in 0in 1pt;">

<p class="MsoNormal" style="margin-bottom:0in;margin-bottom:.0001pt;text-align:
justify;line-height:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0in;mso-padding-alt:0in 0in 1.0pt 0in">CHARLES HAYFRON-BENJAMIN JSC, KPEGAH JSC, ACQUAH JSC, ATUGUBA JSC, AKUFFO JSC<o:p></o:p>

</div><p class="style" style="text-align: justify; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">Acquah&nbsp;JSC&nbsp;delivered
the first judgment at the invitation of Charles Hayfron-Benjamin JSc. This is
an appeal against the majority decision of the Court of Appeal affirming, with
some variations, the judgment of the High Court, Tamale in an action by the
Barclays Bank (Ghana) Ltd against the defendant for the sum of ¢21,663,153.59
together with 30 per cent interest from 10 August 1989 to the date of judgment
or payment. The case of the bank is that at the request of the defendant, then
a good customer of theirs, they extended loan facilities to him in 1981 and
that as at 10 August 1989, the outstanding balance on the loan together with
interest stood at:<o:p></o:p><p class="style" style="text-align: justify; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Farm No&nbsp;AlC &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;¢5,675,000.91<o:p></o:p><p class="style" style="text-align: justify; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Loan&nbsp;AlC&nbsp;No I
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
¢6,982,113.20<o:p></o:p><p class="style" style="text-align: justify; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Food Supply&nbsp;AlC
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;¢9,006,039.48<o:p></o:p><p class="style" style="text-align: justify; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">They
allege that after repeated demands the defendant had not settled these debts.
Hence the writ.<o:p></o:p><p class="style" style="text-align: justify; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">In
his amended statement of defence and counterclaim, the defendant admitted
requesting and being granted the sum of ¢2,145,420 to purchase two Mercedes
Benz trucks and spare parts to operate his business in September 1981. He
pleaded that this money was disbursed through the following accounts: (a)
Transfer loan&nbsp;AlC&nbsp;¢,1,200,000; and (b) Farm Loan&nbsp;AlC&nbsp;¢
945,420. He used the whole money to buy a Saurer tanker, but the tanker was
seized by the government in February 1982 on the ground that Saurer vehicles
are operated exclusively by the State and not individuals. He said the bank got
to know of the seizure and even wrote to the authorities to secure its release.
And that three years after the seizure, he heard nothing from the bank, and this
silence, in his view, amounted to implied rescission of the contract
Furthermore, since he was to repay the loan from operations of the Saurer
tanker, and same had been seized by the government, the seizure frustrated the
contract and he was thereby discharged from his obligations under the contract
He also disputed the charging of penalties on the loan and contended that this
was not part of the agreement. He then counterclaimed for:<o:p></o:p><p class="style" style="margin-left: 0.5in; text-align: justify; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">"(a) A declaration that following
the confiscation to the Government of Ghana of Saurer truck No NG 8408 the loan
agreement concluded between the plaintiff and the&nbsp;defendant under loan
account No I became frustrated as at February 1982.<o:p></o:p>