GCB BANK LTD vs. ATO KWAMINA ARHIN [2016]DLHC9055

Date	2016-02-24
Suit No.	SUIT NO. BFS/334/2014
Citation No.	[2016]DLHC9055

JUSTICE JENNIFER ABENA DADZIE

R.O. SOLOMON ESQ. OF R.O SOLOMON CONSULTING COUNSEL FOR PLAINTIFF

CHARLES ASIEDU ESQ. OF DADZIE AMPOFO AND ASSOCIATES COUNSEL FOR DEFENDANT

[2016]DLHC9055
																																						<div class="restriction-wrapper">
														<div class="container-lg">
															<div class="row">
																<div class="col-md-12 restricted-content">
																	<div class="restricted-content-img-wrapper">
																		<div class="lock-icon bounce-7">
																			<img class=""
																				src="https://www.dennislawgh.com/dl-assets/dl-images/lock-content.png"
																				alt="Subscription based content">
																		</div>
																	</div>
																	 
																		<a href="https://www.dennislawgh.com/login"
																		class="btn btn-primary btn-lg"
																		style="font-family: 'open sans'; text-transform: capitalize; border-radius: 8px"> 
																		Login to Read Full Case </a>
																	 
																	
																</div>
															</div>
														</div>
													</div>
													<main id="main" class="content" style="min-height: 60rem" >GCB BANK LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>ATO KWAMINA ARHIN<o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH COURT,
ACCRA]<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT
NO. BFS/334/2014&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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: 24TH FEBRUARY, 2016<o:p></o:p>

</div>COUNSEL:<o:p></o:p>R.O. SOLOMON, ESQ.,
OF R.O SOLOMON CONSULTING, COUNSEL FOR PLAINTIFF<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:0cm 0cm 1.0pt 0cm;margin-left:0cm;margin-right:.2pt">

CHARLES ASIEDU, ESQ., OF DADZIE, AMPOFO
AND ASSOCIATES, COUNSEL FOR DEFENDANT<o:p></o:p>

</div>CORAM:<o:p></o:p>JUSTICE JENNIFER ABENA DADZIE<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
border-left:none;border-bottom:solid windowtext 1.5pt;border-right:none;
padding:1.0pt 0cm 1.0pt 0cm">

<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:115%;border:none;mso-border-top-alt:solid windowtext 1.5pt;
mso-border-bottom-alt:solid windowtext 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGEMENT<o:p></o:p>

</div>&nbsp;&nbsp;&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>The Plaintiff is a bank operating from
various branches in Ghana including the Agona Swedru and the Boundary Road,
Accra branches.&nbsp; The Defendant is the
Managing Director of Rinacand Company Ltd., a limited liability company
incorporated under the laws of the Republic of Ghana transacting business from
its offices in Agona Swedru and Accra (hereinafter “Rinacand/the Company”).<o:p></o:p><o:p>&nbsp;</o:p>In the Plaintiff’s Statement
of Claim, Plaintiff claims against the Defendant, as mortgagor and also in his
personal capacity, the following reliefs:<o:p></o:p>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An order for the judicial sale of the
mortgaged properties described in the attached statement of claim in recovery
of the judgment debt and cost awarded in favour of the Plaintiff in Suit No.
C2/9/2011 entitled Ghana Commercial Bank Ltd. v. Rinacand Company Ltd. the
repayment of which has been secured by the Defendant;<o:p></o:p>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
A further order for payment of any amount
outstanding on the sale of the mortgaged properties; and<o:p></o:p>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Cost of this suit.<o:p></o:p>The
material facts which gave rise to the matter before me are detailed as follows
in the Plaintiff’s Statement of Claim and the testimony of its representative,
Kwame Adana, who has worked with the Bank for twenty-two years (22), twelve
(12) of those years in the Risk Management Department, of which he is the
Deputy Head and the officer responsible for loans recovery.&nbsp; Rinacand, as a customer of the Plaintiff bank
(then known as Ghana Commercial Bank Ltd.) obtained from the Plaintiff banking
facilities which included four (4) facilities granted on various dates from
April 2007 to June 2008.&nbsp; By the
mortgages listed below the Defendant, secured the repayment of the facilities
granted to the Company:<o:p></o:p>(a)&nbsp;&nbsp;
Mortgage dated 25 September, 1990 in respect
of house numbered G/96, Nkuben Street, Agona Swedru and registered as Land
Registry No. 2173/1992 with file No. CR 596/91, marked into evidence as Exhibit
A;<o:p></o:p>(b)