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HIPPO LIMITED
V.
ECOBANK GHANA LIMITED

(2024) JELR 112584 (CA)

Court of Appeal 7 Nov 2024 Ghana
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- This case involves a dispute between a plaintiff and a defendant over a debt owed by the plaintiff to the defendant. - The parties entered into two Sale and Purchase Agreements and Deeds of Assignment, in which the plaintiff agreed to sel

Case Details

Suit Number:HI/217/23
Judges:SENYO DZAMEFE, JA AFIA SERWAH ASARE-BOTWE, JA CHRISTOPHER ARCHER, JA
Counsel:ENOCH ADU AMEYAW FOR PLAINTIFF/APPELLANT. EUGENE KWESI WIREDU FOR DEFENDANT/RESPONDENT.
Location:Accra

J U D G M E N T

ARCHER, JA:  This is an appeal from the Judgment of the High Court, Accra, delivered on 24th October 2022. The Plaintiff/Appellant shall hereafter be referred to as the Plaintiff, and the Defendant/Respondent shall hereafter be referred to as the Defendant.

I shall proceed to present the key facts of this case so that the complaint raised against the judgment by this appeal can be addressed in the right perspective. Arising from the failure of Plaintiff to liquidate an existing debt of a Current Account Facility of GH¢ 3,000,000.00 and a Documentary Import Credit Line Facility of US$ 16,000,000.00 advanced by Defendant to Plaintiff, the parties on 15th December 2016 executed two Sale and Purchase Agreements as well as Deeds of Assignment. By the Sale and Purchase Agreements tendered in Court and marked as Exhibits 5 (i) and 5 (ii), Plaintiff agreed to sell to Defendant its beneficial leasehold interest in 5.541 acres or 2.24 hectares with building thereon at the Free Zon…

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