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…