ECOBANK GHANA LIMITED vs. SUN RIDGE COMPANY LTD. [2021]DLCA10835

Date	2021-05-20
Suit No.	SUIT NO. H1/127/2020
Citation No.	[2021]DLCA10835

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]DLCA10835
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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;line-height:115%;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><span style="font-size:12.0pt;line-height:115%;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">COUNSEL:<o:p></o:p><span style="font-size:12.0pt;line-height:115%;
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:115%;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:115%;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:115%;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: <span style="font-size:12.0pt;line-height:115%;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"><o:p></o:p><span style="font-size:12.0pt;line-height:115%;
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">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;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">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><span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-GB">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;<span lang="EN-GB" style="font-size:12.0pt;line-height:115%;font-family:&quot;Book Antiqua&quot;,serif;
mso-fareast-font-family:&quot;Book Antiqua&quot;;mso-bidi-font-family:&quot;Book Antiqua&quot;;
mso-ansi-language:EN-GB">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 defau</main>