KOCH KOFI APAARE vs. GOLD COAST FUND MANAGEMENT LTD [2019]DLHC9197

Date	2019-04-30
Suit No.	SUIT NO. GJ664/2019
Citation No.	[2019]DLHC9197

HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE

PRISCILLA TARA BUCKMAN ESQ. (H/B FOR KWAME AMANKWAH-TWUM ESQ.) OF THE LAW OFFICES OF LANDMARK @LEGAL ASYLUM DOWN ACCRA COUNSEL FOR PLAINTIFF

DENNIS OWUSU-APPIAH OFOSUAPEA ESQ. OF GN LEGAL NORTH-RIDGE ACCRA COUNSEL FOR DEFENDANT

[2019]DLHC9197
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													<main id="main" class="content" style="min-height: 60rem" >KOCH KOFI APAARE<o:p></o:p>(PLAINTIFF/APPLICANT)<o:p></o:p>vs.<o:p></o:p>GOLD COAST FUND MANAGEMENT LTD<o:p></o:p>(DEFENDANT/RESPONDENT)<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;
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<p class="MsoNormal" align="center" style="margin-bottom:0cm;margin-bottom:.0001pt;
text-align:center;line-height:normal;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">SUIT NO. GJ664/2019&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &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:
30TH APRIL, 2019<o:p></o:p>

</div>COUNSEL:<o:p></o:p>PRISCILLA TARA BUCKMAN, ESQ., (H/B FOR
KWAME AMANKWAH-TWUM, ESQ.) OF THE LAW OFFICES OF LANDMARK @LEGAL, ASYLUM DOWN,
ACCRA, COUNSEL 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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<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
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solid windowtext 1.5pt;padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm">DENNIS OWUSU-APPIAH OFOSUAPEA, ESQ. OF GN LEGAL,
NORTH-RIDGE, ACCRA, COUNSEL FOR DEFENDANT<o:p></o:p>

</div>CORAM:<o:p></o:p>HER LADYSHIP JUSTICE JENNIFER ABENA DADZIE<o:p></o:p><div style="mso-element:para-border-div;border-top:solid windowtext 1.5pt;
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<p class="MsoNormal" align="center" style="text-align:center;line-height:normal;
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solid windowtext 1.5pt;padding:0cm;mso-padding-alt:1.0pt 0cm 1.0pt 0cm">JUDGMENT<o:p></o:p>

</div>At
the onset, I would note that earlier in the day, after having heard from
counsel for applicant and after reviewing the record, I went ahead and granted
the application and reserved the reasons to be delivered later, which I now
proceed so to do.<o:p></o:p>This is an application by
Plaintiff/Applicant herein referred to as Applicant praying that summary
judgment be entered against the Defendant/Respondent, also referred to
hereinafter as Respondent for the reliefs endorsed on the Writ of Summons
issued out of the Registry of this court on January 11, 2019 and subsequently
amended on February 18, 2019, to wit:<o:p></o:p>“i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; An order for
the recovery of the sum of Eighty Thousand Ghana cedis (GH¢80,000.00).<o:p></o:p>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest on
the above-mentioned amount from August 2018 till date of final payment.<o:p></o:p>iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cost
including legal fees assessed at 15% of the total amount outstanding”,<o:p></o:p>on the grounds
that the Respondent has no defence to the claim endorsed on the amended Writ of
Summons and the defence filed by the Respondent is simply bare denials aimed at
delaying the Applicant from seeking justice and is a sham.<o:p></o:p>I have read the
application for Summary Judgment, the supporting affidavit and examined the
various exhibits put in evidence by the Applicant and the Statement of Defence
filed by the Respondent to this suit. <o:p></o:p>Detailed in the
affidavit accompanying the motion paper are the facts, which, according to the
Applicant gave rise to the instant application.&nbsp;
It is the claim of the Applicant that he entered into a structured
finance agreement with the Respondent on August 13, 2008 for an amount of
eighty thousand Ghana cedis (GH¢80,000.00) at the guaranteed interest rate of
twenty-five per centum (25%) per annum which interest was to be paid quarterly.
The Applicant provided the Court with proof of this investment attached to his
affidavit in support of the application as Exhibit
“KA4”.&nbsp; According to the Applicant,
when he made a demand on the Respondent to redeem his investment, the
Respondent failed to refund same to him.&nbsp;
The Applicant asserts that the Respondent continued to ignore his
demands including the written demand on the Respondent which he subsequently
caused his lawyers to make on the Respondent on his behalf, marked herein as Exhibit “KA7”.<o:p></o:p>According to the
Applicant, the refusal of the Respondent to refund his money is what led to his
issuing the writ of summons for the reliefs endorsed thereon as earlier stated.<o:p></o:p>The record of
proceedings reflects that upon the writ of summons being served on the
Respondent, it caused counsel to enter appearance on its behalf, who also filed
a Statement of Defence on behalf of the Respondent, alleging among other
things, essentially, that the writ of summons was void ab initio because it violated the Revenue Administration Act, 2016, Act 915 for failing to disclose
the Tax Identification Number (TIN) of counsel who issued the writ and further
denying that the Applicant even deposited the stated amount of money with the
Respondent.&nbsp; <o:p></o:p>