JUDGMENT
The Plaintiff’s case is that upon an application by the Defendant on 19th April 2017, it granted the Defendant a loan facility of GH¢150,000 subject to terms and conditions contained in a Term Loan document dated 20th July 2017. The purpose of the loan facility was to enable the Defendant expand her poultry business and it was to run for 18 months at an annual interest rate of 27.92% with the Plaintiff making monthly payments of GH¢16,798.86. According to the Plaintiff, the Defendant secured the loan with a first ranking legal mortgage over her house known as Plot No. 38, Block ‘J’, Sector 4, Dormaa Ahenkro in its favor. The Defendant has failed to liquidate the loan as agreed and her indebtedness which stood at GH¢177,831.31 as at 1st January 2019 had risen to GH¢224,930.54 as at 30th September 2019 and the interest continues to accrue. As a result, the Plaintiff issued the writ against the Defendant on 23rd October 2019, claiming against her the following:
i. An order for the…