DANIEL FRIMPONG BOADU VS.NOBLE DREAM FINANCIAL SERVICES

(2015) JELR 69935 (HC)    
High Court  ·  SUIT NO.BFS/45/15 ·  2 Apr 2015 ·  Ghana
CORAM
HER LADYSHIP ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT
Core Terms Beta
plaintiff
defendant
bank
court
amount
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financial institution
interest
customer of a bank
customer of the defendant
evidence
financial institutions
plaintiff’s case
agreed interest rate
australian bank ltd
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civil procedure
couple of cases
customer of the defendant non-bank
day investment account
defendant fails
defendant’s institution
demand proof
documentary evidence
fiduciary transactions
financial services suit number bfs
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high court
investment account
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large cash transactions
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lord dunedin’s statement
martins bank ltd
much ado
noble dream financial services
only outstanding issue
plaintiff’s evidence
position of the english courts
post judgment interest
reasonable steps
respect of a liquidated claim of gh
said rule
second issue
simple terms
total amount
totality of the evidence

This judgment is in respect of a liquidated claim of GH¢24,420.50 and interest thereon made by the Plaintiff against the Defendant herein.

Three issues were set down for the trial. These are:

1. Whether or not the Plaintiff is a customer of the Defendant Financial Institution?

2. Whether or not the Plaintiff invested GH¢24, 420.00 in the Defendant’s institution?

3. Whether or not the Plaintiff is entitled to his claim.

The Plaintiff’s case in respect of which he gave evidence in court is that he opened an investment account with the Defendant and the terms were embodied in an investment certificate (exhibit A). According to him, the amount invested was GH¢22,100.00, the agreed interest rate was 10.5% and the total amount payable at the maturity date is GH¢24,420.50. The Defendant further testified that he has a contract with the Plaintiff that is why he has an investment certificate but the Defendant has refused to pay him despite repeated demands.

The Defendant filed a statement of defence…

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