WOMEN’S WORLD BANKING GHANA vs. VICTORIA ASOWAH & ANOR [2015]DLHC3576

Date	2015-06-18
Suit No.	SUIT NO.BFS/225/14
Citation No.	[2015]DLHC3576

HER LADYSHIP ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT

AKUA KONADU ADU GYAMFI FOR PLAINTIFF

YAW OWUSU ASAMOAH FOR DEFENDANT

[2015]DLHC3576
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													<main id="main" class="content" style="min-height: 60rem" >WOMEN’S WORLD BANKING
GHANA<o:p></o:p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;vs.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <o:p></o:p>VICTORIA ASOWAH &amp;
ANOR<o:p></o:p>&nbsp;[HIGH COURT (COMMERCIAL
DIVISION), KUMASI]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0in 0in 1.0pt 0in">

SUIT NO.BFS/225/14&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 18TH
MARCH, 2015<o:p></o:p>

</div>COUNSEL:&nbsp;&nbsp; <o:p></o:p>AKUA KONADU ADU GYAMFI FOR
PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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HER
LADYSHIP ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT<o:p></o:p>

</div><o:p>&nbsp;</o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>This
is a Bank Debt Recovery case in which the Plaintiff seeks to recover an amount
of GH¢30,000.00
from the Defendants together with interest from 13/11/2013 till date of final
payment. The sole issue for determination is whether or not the Plaintiff is
entitled to the reliefs endorsed on the writ of summons.<o:p></o:p>The
Plaintiff’s case as captured from its statement of claim filed on 06/05/2014 is
as follows: Upon the request of the 1st Defendant, the Plaintiff
granted a loan of GH<span style="font-size:12.0pt;line-height:115%;
font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Arial Unicode MS&quot;;
mso-bidi-font-family:&quot;Arial Unicode MS&quot;">¢30,000.00 to her payable
within twelve months; at an interest rate of 45.06% per annum. The monthly
installment payment is GH<span style="font-size:12.0pt;line-height:115%;
font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Arial Unicode MS&quot;;
mso-bidi-font-family:&quot;Arial Unicode MS&quot;">¢3, 940.00 The 1st
Defendant secured the loan with a guarantee fund, household assets, future
sales and stock. <o:p></o:p>She
further assigned her interest in stock and household assets to the Plain tiff
during the period of the facility. The 2nd Defendant also guaranteed
the repayment of the loan by executing a contract of guarantee dated
13/09/2013. The 1st Defendant failed to keep up on the monthly
installment payments necessitating the Plaintiff to call in the facility and
take the instant action.<o:p></o:p>&nbsp;In the statement of defence filed on behalf of
the Defendants on 05/06/2014, the 1st Defendant did not deny the
grant of the GH<span style="font-size:12.0pt;line-height:115%;
font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Arial Unicode MS&quot;;
mso-bidi-font-family:&quot;Arial Unicode MS&quot;">¢ 30,000.00 loan to her at
the interest rate and monthly installment payment stated by the Plaintiff.&nbsp; She however denied assigning her stock and
household assets to the Plaintiff. Her defence was that she imported some goods
from India which had not arrived. Consequently, she could only make a payment
of GH¢7,000.00
plus the guarantee fund of GH<span style="font-size:12.0pt;line-height:
115%;font-family:&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Arial Unicode MS&quot;;
mso-bidi-font-family:&quot;Arial Unicode MS&quot;">¢7,500, bringing her total
payments to GH<span style="font-size:12.0pt;line-height:115%;font-family:
&quot;Book Antiqua&quot;,&quot;serif&quot;;mso-fareast-font-family:&quot;Arial Unicode MS&quot;;mso-bidi-font-family:
&quot;Arial Unicode MS&quot;">¢ 14,500.00. She further alleged that her
failure to keep up on the payments is not deliberate.<o:p></o:p>I
notice from the record that there is an affidavit of service of the writ of
summons and statement of claim in respect of the 1st Defendant only.
Per the said affidavit, she was served with the above processes on 19/05/2014.
On 23/05/2014, a lawyer by name Yaw Owusu Asamoah purported to enter an
appearance on behalf of the two defendants and proceeded to file a defence.
Prior to the commencement of this trial, all efforts to serve the 2nd
Defendnat with hearing notices proved futile as the said defendant could not be
traced. Three hearing notices were also served on Yaw Owusu Asamoah Esq. on
08/01/2015, 21/01/2015 and 11/02/2015. Counsel was duly served through his law
clerk, Bright, at Aseda H</main>