ECOBANK GHANA LIMITED vs. SUN RIDGE COMPANY LTD. [2021]DLCA10774

Date	2021-05-27
Suit No.	SUIT NO. H1/127/2020
Citation No.	[2021]DLCA10774

WELBOURNE (MRS) J.A. (PRESIDING)

DODOO (MRS) J.A.

KOOMSON J.A.

MAAME SARPONG WITH JUSTICE OMAN AND GEORGINA BATU FOR PLAINTIFF/APPELLANT

NO LEGAL REPRESENTATION FOR DEFENDANT/RESPONDENT

[2021]DLCA10774
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													<main id="main" class="content" style="min-height: 60rem" >ECOBANK GHANA LIMITED<o:p></o:p>(PLAINTIFF/APPELLANT)<o:p></o:p>vs.<o:p></o:p>SUN
RIDGE COMPANY LTD.<o:p></o:p>(DEFENDANT/RESPONDENT)<o:p></o:p><span style="font-size:10.0pt;font-family:
&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;mso-bidi-font-family:
&quot;Calibri Light&quot;;mso-bidi-theme-font:major-latin;mso-ansi-language:EN-US">[COURT
OF APPEAL, ACCRA]<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

</div>COUNSEL:<o:p></o:p><span style="font-size:12.0pt;line-height:150%;
font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-ansi-language:EN-US">MAAME SARPONG
WITH JUSTICE OMAN AND GEORGINA BATU FOR PLAINTIFF/APPELLANT <o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0cm 0cm 1pt;">

<p class="MsoNormal" style="margin-bottom:0cm;margin-bottom:.0001pt;text-align:
justify;line-height:150%;border:none;mso-border-bottom-alt:solid windowtext 1.5pt;
padding:0cm;mso-padding-alt:0cm 0cm 1.0pt 0cm"><span style="font-size:12.0pt;
line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;mso-fareast-font-family:&quot;Times New Roman&quot;;
mso-bidi-font-family:&quot;Times New Roman&quot;;mso-ansi-language:EN-US">NO LEGAL
REPRESENTATION FOR DEFENDANT/RESPONDENT <o:p></o:p>

</div><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Times New Roman&quot;;mso-bidi-font-family:&quot;Times New Roman&quot;;
mso-ansi-language:EN-US">CORAM: <o:p></o:p>WELBOURNE (MRS) J.A. (PRESIDING), DODOO (MRS) J.A.,
KOOMSON J.A.<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: windowtext; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: windowtext; border-right: none; padding: 1pt 0cm;">

<p class="MsoNoSpacing" align="center" style="text-align:center;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">JUDGMENT<o:p></o:p>

</div>&nbsp;WELBOURNE, J.A<o:p></o:p>&nbsp;This appeal emanates from the judgment of the
High court, Accra dated 27th April 2017.<o:p></o:p>&nbsp;The Background Facts<o:p></o:p>&nbsp;The facts are that the Plaintiff took out a
writ of summons and statement of claim against the Defendant on 11th
July 2014 for the following reliefs:<o:p></o:p>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The recovery of Three Million, Five Hundred and Fourteen Thousand, Nine Hundred
and Thirty-One Ghana cedis and Ninety-Three pesewas (GHȼ3,514,931.93) inclusive of interest being the outstanding balance on the
said restructured loan facility granted by the Plaintiff to the Defendant which
is due from the Defendant to the Plaintiff, and which remains unpaid despite
several oral and written demands made to them for same.<o:p></o:p>&nbsp;ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The interest on the amount of Three Million, Five Hundred and Fourteen Thousand,
Nine Hundred and Thirty-One Ghana cedis and Ninety Three pesewas (GHȼ3,514,931.93) at the agreed base rate plus the agreed spread rate
payable monthly in arrears and default rate before judgment and until date of
final payment.<o:p></o:p>&nbsp;