JUDGEMENT
Plaintiff in a writ issued claims against the Defendant the following endorsement:
a. The sum of GHC 5,238,403.46 (Five Million Two Hundred and Thirty Eight Thousand Four Hundred and Three Ghana Cedi Nineteen Pesewas) being the outstanding debt in respect of the loans granted to the Defendant.
b. Interest at the monthly rate of 4.25 % per month from the 1st August 2015 till date of final payment.
c. The sum of GHC 130,960.08 (One Hundred and Thirty Thousand Nine Hundred and Sixty Ghana Cedis Eight Pesewas).
d. Cost and Attorney’s fees being 10% of the sum owed.
e. Judicial sale of the Defendant’s landed properties which are mortgaged and which properties are described in paragraphs 10 and 11 of the Statement of Claim
PLAINTIFF’S CASE
The basis for the demand of the reliefs endorsed on the writ is captured in the statement of claim that accompanied the writ. Plaintiff avers that the Defendant applied to it for a credit facility of US$800,000.00 to enable Defendant acquire a residenti…