JUDGMENT
On 8th October, 2013 the plaintiff caused a writ of summons herein together with a statement of claim to be sued out of the Registry of this Court for the following reliefs?
(a) The sum of GH¢100,929.21 being the principal and interest accrued as at 29th August, 2012 which Defendants have failed to pay.
(b)Interest on (a) calculated at the prevailing rate from August, 2012 until date of final payment
(c) Costs
(d) An order for the judicial sate of two Mitsubishi Pajero vehicles with registration numbers GE 17 Z and GT 17-11 respectively.
The material allegations of facts of the Plaintiff’s case are that in December, 2011 at the request of 1st Defendant, Plaintiff advanced a loan facility of GH¢40,000.00 to Defendant. The facility carried an interest of 5% per month compounded and had a tenure of two months.
Further, in the same month of December 2011 the 1st Defendant requested for another facility of GH¢24,500.00. The facility was approved and advanced to 1st Defendan…