JUDGMENT
Before me is an application for an order of the court to enter summary judgment against the Defendant on the ground that the statement of defence discloses no defence to the action. The application is premised on Order 14 rule 1 of the High Court Civil Procedure Rules, 2004 (CI 47).
On 29th October, 2018, the Plaintiff/Applicant (hereinafter referred to as the Applicant) filed a writ of summons against the Defendant/Respondent (hereinafter referred to as the Respondent) for:
a. An order for the payment of the sum of Nine Hundred and Thirty-Eight Thousand Ghana Cedis (GHC938,000.00) less Sixty Thousand Ghana Cedis (GHC60,000.00) being the principal sum placed by the Plaintiff with the Defendant as fixed deposit investment and the interest accrued thereon as at 23rd October, 2018 and ought to have been paid to him at the said date but which sum the Defendant has failed to pay despite repeated demand.
b. An order for the payment of interest on the sum of Eight Hundred and Seventy-Ei…