BARCLAYS BANK OF GHANA LTD vs. PROVEST EXPORTS GHANA LTD & 2 ORS [2023]DLCA17138

Date	2023-01-19
Suit No.	SUIT NO. H1/1/2022
Citation No.	[2023]DLCA17138

HENRY KWOFIE JA (PRESIDING)

ANTHONY OPPONG JA

RICHARD ADJEI-FRIMPONG JA

EVANS DZIKUNU FOR PLAINTIFF/APPELLANT

BERNARD AGORTEY FOR DEFENDANT/RESPONDENT

[2023]DLCA17138
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													<main id="main" class="content" style="min-height: 60rem" ><a name="_Hlk152849823">BARCLAYS BANK OF GHANA LTD <o:p></o:p></a>(PLAINTIFF/APPELLANT)<o:p></o:p>vs.<o:p></o:p>PROVEST EXPORTS GHANA LTD &amp; 2 ORS<o:p></o:p>(DEFENDANTS/ RESPONDENTS)<o:p></o:p>[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;">

SUIT NO. H1/1/2022&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:
19TH&nbsp;&nbsp;JANUARY 2023<o:p></o:p>

</div>COUNSEL<o:p></o:p>EVANS
DZIKUNU 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;">

BERNARD
AGORTEY FOR DEFENDANT/RESPONDENT<o:p></o:p>

</div>CORAM<o:p></o:p>HENRY
KWOFIE JA (PRESIDING), ANTHONY OPPONG JA, RICHARD ADJEI-FRIMPONG JA<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="MsoNormal" 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;ANTHONY OPPONG, JA:<o:p></o:p>The Plaintiﬀ bank granted loan facility to 1st defendant company on or about
March 2007. The loan facility was guaranteed by the managing directors of 1st defendant company, namely, Dr.
Henry Broni-Amponsah and Henrietta Coﬁe, the 2nd and
3rd defendants respectively. The amount
involved was $415,121.25 and it was to be paid back within two years six
months.<o:p></o:p>&nbsp;The plaintiﬀ bank averred that as at 21st January 2011 the 1st defendant’s total indebtedness to
the plaintiﬀ bank on
which interest continued to accrue at the prevailing bank’s lending rate stood at GH¢535,666.57<o:p></o:p>&nbsp;Despite demands made on defendants to pay, the default
remained undischarged. Consequently, plaintiﬀ bank sued
the defendants jointly and severally for:<o:p></o:p>&nbsp;<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
i.<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
“Recovery
of the sum of GH¢535,666.57 being the balance outstanding on
banking facilities granted by the plaintiﬀ to the 1st defendant
as at 21st January 2011 or in the alternative:<o:p></o:p>&nbsp;a.<span style="font-style: normal; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 7pt; line-height: normal; font-family: &quot;Times New Roman&quot;;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Judicial sale of 2nd defendant’s
mortgage property situate at Ashalley Botwe<o:p></o:p>