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CHRISLINE FINANCIAL SERVICES LTD
V.
ROSE OMABOE

(2019) JELR 65937 (HC)

High Court 6 May 2019 Ghana
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- The plaintiff, Chrisline Financial Services, provided loan facilities to the defendant, Naa Abekan Lube and Energy, for her business. - The plaintiff claims that the defendant breached the terms of the agreement. - The main issues in the

Case Details

Suit Number:SUIT NO: AC/207/2010
Judges:HIS LORDSHIP JUSTICE KWEKU T. ACKAAH-BOAFO
Counsel:NASH KWAME ADJEI FOR THE PLAINTIFF ,DEFENDANT- UNREPRESENTED

JUDGMENT

i. Introduction:

[1] The Plaintiff Company, Chrisline Financial Services is a Company registered under the laws of Ghana and engages in the business of providing financial services to its customers. The Plaintiff contends that it granted the Defendant who is a Customer and trades under the business name Naa Abekan Lube and Energy various loan facilities for her business pursuant to a loan application by the Defendant. The Plaintiff contends the Defendant has breached the terms of the agreement. The issues for my resolution in this case include:

(i) whether or not the rate of interest on the various loan facilities granted to the Defendant on the 18th of October, 2006 and 23rd November 2006 respectively was 6% per month, or 6% per annum,

(ii) whether or not the rate of interest on the various loan facilities granted to the Defendant on the 6th of December, 2006 and 11th December 2006 respectively was 5% per month, or 5% per annum; and

(iii) whether or not the Defendant has been awa…

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