KENNETH NANKARA & 3 ORS.
V.
NOBLE DREAM MICRO FINANCE LIMITED

(2016) JELR 65671 (HC)    
High Court  ·  SUIT NO.BFS/231/15 ·  19 Apr 2016 ·  Ghana
CORAM
ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT
Core Terms Beta
defendant
interest
court
days
evidence
plaintiff
date of delivery of judgment
investment certificate
case
prevailing bank rate
exhibit a
maturity date
accrued interest
balance of probabilities
hearing notice
interest rate
initial investment
judgment
respective monies
such facts
1st plaintiff
agreed interest
amount gh
brobbey jsc
case management conference
case of re ashalley botwe lands
civil case
civil suit
defendant company
defendant micro finance company
determination of a fact
filing of witness statements
four plaintiffs
further order
honourable court
legal proceedings
logical sequel
main issue
maturity dates
plaintiff's lawyer
post judgment interest
respect of unpaid investments
said investment certificate
statement of claim
sufficient evidence
total cost
westminster bank ltd
witness statements of the plaintiffs

JUDGMENT

The Four Plaintiffs herein who described themselves as mechanics at Asafo, Kumasi have sued the Defendant Micro Finance Company in respect of unpaid investments made in the Defendant Company. Cumulatively, they are claiming the sum of Nineteen Thousand, Four Hundred and Twenty-Six Ghana Cedis, Fifty Pesewas (GH¢19, 426.50), interest thereon and any further order(s) this Honourable Court may deem fit.

In their statement of claim filed on 30/03/15 together with the writ of summons, each Plaintiff indicated the amount he invested and the agreed interest as well as the maturity date. They further averred that the Defendant has failed to repay their respective monies and the accrued interest after the maturity dates.

On 17/10/2015, Counsel for the Defendant was served with a hearing notice to attend court on 07/10/2015 for directions to be given. He however failed to come to court and no reason(s) were given for his absence. Accordingly, the court proceeded to give directions as to t…

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