BARCLAYS BANK OF GHANA LTD vs. AKUAFO ADAMFO & 4 ORS [2023]DLHC16948

Date	2023-05-04
Suit No.	SUIT NO: CM/0049/2016
Citation No.	[2023]DLHC16948

HIS LORDSHIP JUSTICE JUSTIN KOFI DORGU

MAXWELL LOGAN

[2023]DLHC16948
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BARCLAYS BANK
OF GHANA LTD<o:p></o:p>

(PLAINTIFF)<o:p></o:p>

vs.<o:p></o:p>

AKUAFO ADAMFO &amp; 4 ORS<o:p></o:p>

(DEFENDANTS)<o:p></o:p>

[HIGH
COURT, ACCRA]<o:p></o:p>

&nbsp;

</div>

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

MAXWELL LOGAN FOR PLAINTIFF<o:p></o:p>

</div>

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

HIS LORDSHIP JUSTICE JUSTIN
KOFI DORGU<o:p></o:p>

JUDGMENT<o:p></o:p>

</div>

In A Writ of Summons filed on the 29th of March, 2016 and subsequently
amended, the Plaintiff claims against the Defendants the following reliefs;-<o:p></o:p>

“(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Recovery of the
sum of GH¢62, 915, 744.00<o:p></o:p>

&nbsp;

(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest at the rate of 30.22%
per annum on the sum of GH¢62,
915, 744.00 from the 11th day of December, 2015 to date of
final payment<o:p></o:p>

(C)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Legal fees and costs at the approved mid-year review of Ghana Bar<o:p></o:p>

Association’s rate”<o:p></o:p>

&nbsp;

The
brief facts of the case are that, the Plaintiff, a reputable banking
institution granted two short term facilities in the nature of loans and </main>