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KOFI ANANE KYEREMEH
V.
PRIME GUARANTY FSL MICROFINANCE LIMITED

(2019) JELR 107318 (HC)

High Court 11 Jul 2019 Ghana
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- Plaintiff invested GH¢117,452.05 with Defendant under a fixed deposit agreement dated 10 September 2017, for 182 days at 30% per annum, maturing on 10 March 2018; Defendant failed to pay principal and accrued interest at maturity. - Plain

Case Details

Suit Number:GJ/1017/18
Judges:GIFTY AGYEI ADDO
Counsel:JUSTICE ABDULLAI FOR THE PLAINTIFF. NO LEGAL REPRESENTATION FOR THE DEFENDANT.

J U D G M E N T

The Plaintiff on 28th June 2018, instituted the instant action against the Defendant for the following reliefs as endorsed on the writ of summons:

a. A declaration that the Defendant has breached the contract between the parties to invest the monies for a specified period and pay same plus the interest that had accrued thereon to the Plaintiff.

b. An order directed at the Defendant to pay to the Plaintiff an amount of GHs 133,021.59 being the principal sum and the interest that had accrued as at the 10th day of March 2018 less the payment of GHS2000.00 that was made on the 16TH day of May 2018.

c. An order directed at the Defendant to pay to the Plaintiff interest on the sum of GHS135,021.59 being the accrued sum upon maturity of the investment from the 10th day of March 2018 till the 16th day of May 2018 when part payment was made to Plaintiff at the rate of 30% per annum

d. An order directed at the Defendant to pay to the Plaintiff interest on relief (b) …

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