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AGRICULTURAL DEVELOPMENT BANK PLC
V.
NKANSAH GYANE INDUSTRIES

(2025) JELR 115319 (HC)

High Court 2 Jun 2025 Ghana
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Case Details

Suit Number:CM/BFS/0078/25
Judges:SEDINA AGBEMAVA, J.
Counsel:ELIAS MENSAH GLI FOR THE PLAINTIFF. PEPRAH KYEI-BAFFOUR HOLDING BRIEF FOR KWADWO ADDEAH-SAFO FOR THE DEFENDANT.
Location:Accra

CONSENT JUDGMENT

1. WHEREAS:

A. The Plaintiff commenced the instant suit against the Defendant on 6th November, 2024 for the following reliefs:

a. An Order for refund/repayment of the consolidated credit balance of Three Million and Eighty-Four Thousand, Four Hundred and Ninety-One Ghana Cedis, Sixty-Three Pesewas (GH¢3,084,491.63) as at 30th September, 2024 being the balance on the Account of Defendant as a result of the consolidated overdraft facility of Two Hundred Thousand Ghana Cedis (GH¢200,000.00) and the letters of credit of One Hundred Thousand United States Dollars (US$100,000.00) at an interest rate of 31.49% per annum granted by the Plaintiff to the Defendant which amount has become due and owing from the Defendant to the Plaintiff.

b. Interest on the said amount at the contractually agreed rate of 31.49% with effect from 1st October, 2024 up to and inclusive of the last date of payment.

c. Costs including legal fees. d. In the alternative, an Order for the judicial sale of th…

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