JUDGMENT
DORDZIE (MRS), JSC
FACTS:
The Appellant herein had been the customer of the respondent bank for a number of years and had been a beneficiary of loan and overdraft facilities from the respondent bank since 2006. The appellant at a point in time defaulted in the repayment of the loan facilities. On 4/11/2011 the respondent commenced an action against him for the recovery of:
(a) The sum of Gh¢ 336,186.55 being the outstanding balance as at 30/9/11 on a term loan the appellant obtained from the bank.
(b) The sum of GHc 316,325.65 being the outstanding balance as at 30/9/11 on an overdraft facility granted the appellant by the respondent. The respondent further prayed for interest on the sums claimed at the prevailing bank rate from 30/9/11 till date of judgment. This suit was commenced at the Commercial Division of the High Court, Kumasi and it is numbered BFS 29/2012.
The High Court presided over by Mensa-Homiah J, gave judgment in favour of the respondent for the recovery of the sum…