BANK OF AFRICA vs. AKUAFO ADAMFO MARKETING CO. LTD AND ANOTHER [2018]DLHC3751

Date	2018-06-28
Suit No.	SUIT NO.: CM/TBFS/0030/16
Citation No.	[2018]DLHC3751

DOREEN G. BOAKYE-AGYEI (MRS.) J JUSTICE OF THE HIGH COURT

[2018]DLHC3751
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													<main id="main" class="content" style="min-height: 60rem" >BANK OF AFRICA<o:p></o:p>vs.<o:p></o:p>AKUAFO ADAMFO MARKETING
CO. LTD AND ANOTHER<o:p></o:p>[HIGH COURT (COMMERCIAL
DIVISION), ACCRA]<o:p></o:p>SUIT NO.: CM/TBFS/0030/16&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;28TH JUNE, 2018<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
padding:31.0pt 31.0pt 1.0pt 31.0pt;mso-border-shadow:yes">

<o:p>&nbsp;</o:p>

</div>CORAM:<o:p></o:p>DOREEN G. BOAKYE-AGYEI (MRS.) J JUSTICE OF THE HIGH COURT <o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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<o:p>&nbsp;</o:p>

</div>JUDGMENT<o:p></o:p><div style="mso-element:para-border-div;border:none;border-bottom:solid windowtext 1.5pt;
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</div>The Plaintiff, a banking institution, issued a Writ of Summons and
Statement of Claim against the Defendants on 5th April, 2016 seeking
against them jointly and severally, the following reliefs: <o:p></o:p>1. Payment of the sum of GHC15,838,642.73 being the outstanding
amount on the Facility granted to the 1st Defendant as at 19th November
2015; 2. Interest at a rate of 33.15% per annum on the principal amount from 19th
November 2015 till the date of final payment; and 3. Legal costs incurred
by the Plaintiff in instituting the action. <o:p></o:p>1st Defendant is a limited liability company
incorporated under the laws of Ghana and a customer of the Plaintiff which is a
company incorporated under the laws of Ghana and carrying on the business of
banking. 2nd Defendant is a company incorporated under the Laws of
Switzerland and a 100% shareholder of the 1st Defendant, according
to the Pleadings. Following service of the Writ of Summons and Statement of
Claim on them, Defendants Entered Appearance through their Lawyer on 15th April,
2016 and filed their Statement of Defence on 19th April, 2016.
Defendants filed an Amended Statement of Defence on 23rd November,
2016 pursuant to leave granted by the Court to which the Plaintiff also filed a
Reply to the Amended process on 5th December, 2016. Settlement
failed at the Pre-trial Conference and the case was fixed for hearing. <o:p></o:p><o:p>&nbsp;</o:p>The following issues were set down for trial: <o:p></o:p><p class="MsoListParagraphCxSpFirst" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l1 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Whether or not the Defendant
owed the Plaintiff an amount of GHC15,838,642.73 as at 19th November,
2015. <o:p></o:p><p class="MsoListParagraphCxSpMiddle" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l1 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Whether or not the Plaintiff is
entitled to the reliefs it claims. <o:p></o:p><p class="MsoListParagraphCxSpLast" style="text-align:justify;text-indent:-.25in;
mso-pagination:none;mso-list:l1 level1 lfo1;border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;
mso-border-shadow:yes">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Any other issue (s) arising
from the pleadings. <o:p></o:p><o:p>&nbsp;</o:p>The Burden of Persuasion in all civil cases is proof by a
preponderance of the probabilities. This standard was affirmed by the Supreme
Court in the case of Adwubeng v Domfeh
(1996-97) SCGLR 660. The burden is defined at section 10 of the Evidence
Act 1972, Act 323 as follows: <o:p></o:p><p class="MsoListParagraphCxSpFirst" style="margin-left:.25in;mso-add-space:auto;
text-align:justify;text-indent:-.25in;mso-pagination:none;mso-list:l3 level1 lfo2;
border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">(1)&nbsp;&nbsp;
For the purposes of this
Decree, the burden of persuasion means the obligation of a party to establish a
requisite degree of belief concerning a fact in the mind of the tribunal of
fact or the Court.<o:p></o:p><p class="MsoListParagraphCxSpLast" style="margin-left:.25in;mso-add-space:auto;
text-align:justify;text-indent:-.25in;mso-pagination:none;mso-list:l3 level1 lfo2;
border:none;mso-padding-alt:31.0pt 31.0pt 31.0pt 31.0pt;mso-border-shadow:yes">(2)