CAL BANK GHANA LTD vs. FERBRIT INTERNATIONAL [2023]DLHC17031

Date	2023-02-14
Suit No.	SUIT NO.: CM/BFS/0349/2018
Citation No.	[2023]DLHC17031

HER LADYSHIP JUSTICE AKUA SARPOMAA AMOAH (MRS.)

FRANICS KWAME OFFIN

BRIGHT OKYERE-ADJEKUM

[2023]DLHC17031
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													<main id="main" class="content" style="min-height: 60rem" >CAL BANK GHANA LTD<o:p></o:p>(PLAINTIFF)<o:p></o:p>vs.<o:p></o:p>FERBRIT INTERNATIONAL<o:p></o:p>(DEFENDANT)<o:p></o:p>[HIGH
COURT, ACCRA]<o:p></o:p>&nbsp;<div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: black; padding: 0cm 0cm 1pt; margin-left: 0cm; margin-right: 1pt;">

<a name="_heading=h.gjdgxs"></a>SUIT NO.: CM/BFS/0349/2018&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: 14TH
FEBRUARY, 2023<o:p></o:p>

</div>COUNSEL&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <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: black; padding: 0cm 0cm 1pt; margin-left: 0cm; margin-right: 1pt;">

FRANICS KWAME OFFIN HOLDING
BRIEF FOR BRIGHT OKYERE-ADJEKUM FOR PLAINTIFF<o:p></o:p>

</div>CORAM<o:p></o:p>HER LADYSHIP JUSTICE AKUA
SARPOMAA AMOAH (MRS.)<o:p></o:p><div style="border-top-width: 1.5pt; border-top-color: black; border-left: none; border-bottom-width: 1.5pt; border-bottom-color: black; border-right: none; padding: 1pt 0cm; margin-left: 0cm; margin-right: 1pt;">

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

</div>The facts of the instant
suit are in my view quite straight forward and do not admit of much
controversy.<o:p></o:p>On the 10th of May 2018, the Plaintiff herein issued
a Writ against the Defendants herein seeking
against them jointly
and severally, the following
reliefs:<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery
of the sum of One Hundred and Thirty-One
Thousand Four Hundred and Twenty-Nine Ghana Cedis Forty-Six Pesewas (GH¢
131,429.46) being the Defendants’ indebtedness to Plaintiff as of the 1st of March, 2018<o:p></o:p>b)<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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest
on the said sum of One Hundred and
Thirty-One Thousand Four Hundred and Twenty-Nine Ghana Cedis Forty-Six
Pesewas (GH¢ 131,429.46) at
the Plaintiff’s base rate plus margin of 3% per annum
from the 1st of March, 2018 till date of final
payment.<o:p></o:p>&nbsp;Plaintiffs’ case may be summarized as follows;<o:p></o:p>It is a corporate body
registered under the Laws of Ghana and engaged in the business of banking. The
1st Defendant on the other hand at all
times material to the instant suit was its customer<o:p></o:p>On
or about the 14th of March, 2014 the Plaintiff, (at
the 1st Defendant’s request) granted an
Auto Loan Facility of the cedi equivalent of Twenty- Three Thousand Four
Hundred and Twenty-Eight United States Dollars Forty-Three Cents (US$ 23,428.43) to the </main>