GHANA COMMERCIAL BANK vs. J. K. ACKAH ENTERPRISE LTD, JOSEPH KWEKU AND KOFI ABAIDOO [2014]DLSC2846

GHANA COMMERCIAL BANK vs. J. K. ACKAH ENTERPRISE LTD, JOSEPH KWEKU AND KOFI ABAI... [2014]DLSC2846

Date	2014-04-09
Suit No.
Citation No.	[2014]DLSC2846

ANSAH JSC (PRESIDING)

ADINYIRA (MRS) JSC

DOTSE JSC

YEBOAH JSC

AKAMBA JSC

KWEKU GYIMAH KYE ESQ. FOR THE PLAINTIFF /RESPONDENT/ RESPONDENT /RESPONDENT.

JOHN MERCER. ESQ. WITH HIM OSEI DUAH FOR THE 2ND DEFENDANT/

APPLICANT/APPELLANT/APPELLANT.

[2014]DLSC2846
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													<main id="main" class="content" style="min-height: 60rem" ><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 20.25pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="en-GH" 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-fareast-language:
#0C00">GHANA COMMERCIAL BANK<o:p></o:p><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 20.25pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="en-GH" 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-fareast-language:
#0C00">vs.<o:p></o:p><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 20.25pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><span lang="en-GH" 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-fareast-language:
#0C00">J. K. ACKAH ENTERPRISE LTD, JOSEPH KWEKU AND KOFI ABAIDOO<o:p></o:p><p class="MsoNormal" align="center" style="margin-bottom: 0.0001pt; text-align: center; line-height: 20.25pt; 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: 0.0001pt; text-align: center; line-height: 20.25pt; 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;">CIVIL APPEAL NO. J4/60/2013&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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;9TH&nbsp;APRIL, 2014<o:p></o:p>

<p class="MsoNormal" style="margin-bottom: 7.5pt; line-height: 20.25pt; 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;">JOHN
MERCER. ESQ. WITH HIM OSEI DUAH FOR THE 2ND&nbsp;&nbsp; DEFENDANT/
APPLICANT/APPELLANT/APPELLANT.<o:p></o:p>

<p class="MsoNormal" align="center" style="margin-bottom: 7.5pt; text-align: center; line-height: 20.25pt; 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;">JUDGMENT<o:p></o:p>

</div><p class="MsoNormal" style="margin-bottom: 7.5pt; line-height: 20.25pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">ANIN YEBOAH JSC;<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 20.25pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;This is an appeal, the
facts of which fall within a narrow compass and raises a procedural issue which
deals with execution of judgments.&nbsp; The facts, however, are completely
devoid of any controversy whatsoever.<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 20.25pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">The plaintiff which is the
respondent herein is a well known financial institution carrying out banking
business in Ghana.&nbsp; It offered facilities to the first defendant a limited
liability company.&nbsp; The facilities were secured by the properties of the
managing director who was the second defendant and the third defendant who also
offered his property as security for the facility granted by the plaintiff to
the first defendant.&nbsp; When the period of repayment became due the first
defendant defaulted and the plaintiff commenced an action at the High Court,
Sekondi, for the recovery of the outstanding balance and other reliefs as
apparent on the indorsesment of the amended writ of summons as follows:<o:p></o:p><p class="MsoNormal" style="margin-bottom: 7.5pt; text-align: justify; line-height: 20.25pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">&nbsp;<o:p></o:p><p class="MsoNormal" style="margin: 0cm 0cm 7.5pt 36pt; text-align: justify; text-indent: -18pt; line-height: 20.25pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">a.&nb</main>