JUDGMENT
S. R. BERNASKO ESSAH (MRS.), J.A.
This is an appeal at the instance of the Plaintiff/Appellant against the ruling of the High Court, delivered on the 26th of May 2020. The grounds of appeal are as follows:
That the trial judge erred in law when he assessed the interest rate chargeable on the judgment debt at the prevailing bank rate.
The learned trial judge misdirected himself on the issue of the chargeable interest rate on the judgment sum entered in favour of Plaintiff/Appellant.
By way of brief background to the appeal, the Plaintiff doing business in the name and style of Basak Micro-Credit Services, lent money to 1st Defendant/Respondent, a business man based in Tamale and engaged in Shea butter production and marketing. The 2nd Defendant/Respondent guaranteed the due repayment of the loan and interest thereon. The parties signed a loan agreement dated the 24th of October 2019. The 1st defendant having defaulted in the repayment of the loan the Plaintiff instituted an action…