AHENFIE CLOTH SELLERS ASSOCIATION PER THE PRESIDENT (PLAINTIFF) vs. PHILOMINA MENSAH & 3 OTHERS (DEFENDANT) [2006]DLHC7379

AHENFIE CLOTH SELLERS ASSOCIATION PER THE PRESIDENT (PLAINTIFF) vs. PHILOMINA ME... [2006]DLHC7379

Date	2006-01-25
Suit No.	SUIT NO. AC. 117/05
Citation No.	[2006]DLHC7379

HIS LORDSHIP JUSTICE P. K. GYAESAYOR

[2006]DLHC7379
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													<main id="main" class="content" style="min-height: 60rem" >AHENFIE CLOTH SELLERS ASSOCIATION PER THE PRESIDENT<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>PHILOMINA MENSAH &amp; 3 OTHERS<o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH COURT (AUTOMATED FAST TRACK), ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
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NO. AC. 117/05&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: 25TH JANUARY, 2006<o:p></o:p>

</div>CORAM:<o:p></o:p>HIS
LORDSHIP JUSTICE P. K. GYAESAYOR <o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="margin-bottom:0in;margin-bottom:.0001pt;
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</div>The
Plaintiff a cloth selling association claims from the 1st defendant <o:p></o:p>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Repayment of an amount of 279 million cedis
representing 31 weeks of 9 million cedis still unpaid <o:p></o:p>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the above amount at the current
bank rate, from the 15th day of December, 2004 to the date of final payment <o:p></o:p>iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any other reliefs that may seem fit by this
honourable court. <o:p></o:p>The
plaintiff’s case prosecuted on her behalf by her president Joana Ewurabena
Ocran against the defendant is that she offered financial assistance of three
hundred million cedis to defendant in order to enhance her business. According
to her this particular transaction is one of several offered to the defendant
who is also a member of the association.<o:p></o:p>The
other defendants mentioned in the Writ are guarantors of the defendant. <o:p></o:p>The
amount of three hundred million cedis is part of money sourced by the plaintiff
from the Ghana Commercial Bank (GCB) to the knowledge of the defendant, which
is given to members of the Association known as Ahenfie Cloth Sellers
Association to develop their financial capacity in the textile trading
business. <o:p></o:p>The
1st defendant in her defence does not deny that she took money from the
plaintiff but said that what she took is two hundred and fifty-five million
cedis, and not three hundred million cedis that she requested to. <o:p></o:p>It
is her contention that plaintiff took forty-five million cedis as upfront
payment for the 300 million cedis approved and was paid two hundred and
fifty-five million cedis. <o:p></o:p>More
importantly, the defendant contends that the financial relation is one of a
money lender and a borrower transaction which is illegal and unenforceable in
terms of the money lenders ordinance, Cap 196 which describes money lender in
section 2 to include every person whose business is that of money lending or
who carries on or and verifies or announces himself or holds himself out in any
way as carrying on this business, whether or not he also possesses or owns
property or money derived from sources other than the landing of money and
whether or not he carries on the business as a principal or an agent; but shall
not include; <o:p></o:p>(a)
Any security registered under the co-operative societies ordinance; <o:p></o:p>(b)
Anybody corporate, incorporated or empowered by special ordinance to lend money
in accordance with such ordinance <o:p></o:p>(c)
Any person bonafide carrying on the business of banking or insurance or
bonafide carrying on business, not having for its privacy object the lending of
money, in the course of which and for the purposes whereof he lends money; or <o:p></o:p>(d)
From any person or body corporate exempted from the provisions of this
ordinance by order or council, or <o:p></o:p>(e)
Any pawn broken licensed under the pawnbrokers ordinance, where the loan is
made in accordance with the provision of the pawnbrokers ordinance and does not
exceed fifty pounds. <o:p></o:p>Section
3 of the same Ordinance </main>