MERCHANT BANK GHANA LTD. vs. SIMILAR WAYS LTD. [2011]DLSC4111

Date	2011-03-29
Suit No.	CIVIL MOTION NO. J8/38/2011
Citation No.	[2011]DLSC4111

ATUGUBA J.S.C. (PRESIDING)

ANSAH J.S.C

OWUSU (MS) J.S.C.

GBADEGBE J.S.C.

BAMFO (MRS) J.S.C.

ANASTASIA AKUOKO FOR APPLICANT.

A. A. SOMUAH ASAMOAH FOR DEFENDANT/RESPONDENT.

[2011]DLSC4111
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													<main id="main" class="content" style="min-height: 60rem" ><p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="EN-GB" style="font-size:
12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:Helvetica;color:#00B0F0;mso-ansi-language:EN-GB;
mso-fareast-language:#0C00">MERCHANT BANK GHANA LTD.<o:p></o:p><p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="EN-GB" style="font-size:
12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:Helvetica;color:#00B0F0;mso-ansi-language:EN-GB;
mso-fareast-language:#0C00">vs.<o:p></o:p><p class="MsoNormal" align="center" style="margin: 0cm 0cm 7.5pt 216pt; text-align: center; text-indent: -216pt; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="EN-GB" style="font-size:
12.0pt;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:Helvetica;color:#00B0F0;mso-ansi-language:EN-GB;
mso-fareast-language:#0C00">SIMILAR WAYS LTD.<o:p></o:p><p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">[SUPREME
COURT, ACCRA]<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom: 1.5pt solid windowtext; padding: 0cm 0cm 1pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">

<p class="MsoNormal" align="center" style="margin-bottom: 6pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0cm;">CIVILMOTIONNO.J8/38/2011&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:&nbsp;29TH&nbsp;MARCH, 2011<o:p></o:p>

<p class="MsoNormal" style="margin-bottom: 7.5pt; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0cm;">A.A.SOMUAH ASAMOAH FOR DEFENDANT/RESPONDENT.<o:p></o:p>

<p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; border: none; padding: 0cm;">RULING<o:p></o:p>

</div><p class="MsoNormal" style="margin-bottom: 7.5pt; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">ATUGUBA, J.S.C:<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">The
plaintiff/Appellant/Appellant/Applicant sued the Defendants/Respondents in the
High Court, Accra claiming:<o:p></o:p><p class="MsoNormal" style="margin: 0cm 0cm 7.5pt 72pt; text-align: justify; text-indent: -36pt; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">“a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The recovery of $30,808.30 or its cedi equivalent being the balance of the
Pre-Export Facility account as at 1st&nbsp;December, 2000.<o:p></o:p><p class="MsoNormal" style="margin: 0cm 0cm 7.5pt 72pt; text-align: justify; text-indent: -30pt; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest on the said sum at the current bank rate from 1st&nbsp;December
2000 till date of final payment.<o:p></o:p><p class="MsoNormal" style="margin: 0cm 0cm 7.5pt 72pt; text-align: justify; text-indent: -33.75pt; line-height: 15.55pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
In a</main>