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MRS FANNY EGALA
V.
G – LIFE MICROFINANCE LTD AND OTHERS

(2018) JELR 64474 (HC)

High Court 14 Jan 2018 Ghana
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- The plaintiff invested Gh¢200,000.00 in the 1st defendant company and is seeking repayment of the principal amount, agreed return on the investment, interest, and legal fees. - The plaintiff alleges that the 2nd to 4th defendants, who are

Case Details

Suit Number:SUIT NO.CM/0207/15
Judges:HIS LORDSHIP ERIC KYEI BAFFOUR JUSTICE OF THE HIGH COURT

Plaintiff claims the following endorsement on its writ issued against the Defendants jointly and severally

a. Gh¢200,000.00 being the principal amount Plaintiff invested in the 1st Defendant company

b. Gh¢31,912.33 being the agreed return on the investment or interest up to August 29, 2015

c. Interest on Gh¢200,000.00 from August 30th 2015 till date of final payment at 32% per annum.

d. Interest on Gh¢31,912.33 from 30th August 2015 till date of final payment at 32% per annum.

e. Cost inclusive of legal fees.

The plaintiff provides the basis of her claim to the reliefs she seeks in the amended statement of claim that accompanied the writ. Plaintiff who styles herself as a business executive and a lawyer by profession describes 1st Defendant as a company with 2nd to 4th Defendants being the directors of the 1st Defendant. That by virtue of an investment agreement on the 28th of February, 2015 between herself and the 1st Defendant, she invested an amount of Gh¢200,000.00 into the 1st Defendan…

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