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ACTION PROGRESSIVE INSTITUTE, JAMES AMANQUAH AND GEORGINA AMANQUAH
V.
AFRICAN SUPPORT NETWORK LTD. AND ACTION QUARRY LTD

(2017) JELR 65188 (HC)

High Court 20 Nov 2017 Ghana
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- The plaintiffs filed a lawsuit against the defendants seeking the recovery of outstanding loan balances and interest, a declaration that the defendants hold assets as a constructive trustee, and costs. - The defendants were served with th

Case Details

Suit Number:SUIT NO.GJ 788/2017
Judges:JUSTICE KWEKU T. ACKAAH-BOAFO
Counsel:MR. REINDORF TWUMASI ANKRAK HOLDS DR. ABDUL BASSIT AZIZ BAMBA’S BRIEF FOR THE PLAINTIFFS.

JUDGMENT

ACKAAH-BOAFO, J.

Introduction

[1] On the 26th day of May 2017 the Plaintiffs caused the writ of summons accompanied by a statement of claim to issue against the Defendants for the following reliefs:

a. The recovery of the sum of GH¢5,325,799.00 (Five Million, Three Hundred and Twenty Thousand, Seven Hundred and Ninety Nine Cedis) being the outstanding balance in respect of the loan facility granted the 1 Plaintiff by Ideal Finance Ltd;

b. Interest on (a) above at the monthly rate of 5% from 1st March 2016 until the date of final payment;

c. The recovery of the sum of GH¢401,676.31 (Four Hundred and one Thousand, Six Hundred and Seventy-Six Cedis, thirty-one pesewas) being the outstanding balance in respect of the loan facility granted the 1st Plaintiff by Dalex Finance and Leasing Company;

d. Interest on (c) above at the monthly rate of 6% from 11th April 2015 until the date of final payment;

e. A Declaration that the pending the full payment of all amounts and liabilities assumed by…

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