JUDGMENT
The Plaintiff’s claims against the Defendant were:
a) An order for the payment of the sum of GH¢38,700.00 being the balance due and owing as at 20th November 2013 on account of loan facility extended to Defendant by Plaintiff on 19th February 2013.
b) Interest on the sum of GH¢38,700.00 at the rate of 6% per month from 20th November 2013 up to and inclusive of the date of final payment.
c) Costs including lawyer’s fees assessed at 15%.
d) Damages for breach of contract.
The Defendant in her Statement of Defence contended that she had renegotiated the terms of the loan and had made payments to the Plaintiff following such negotiations. She contended further that she was made to pay 0.5% of the loan in respect of an insurance policy. She therefore prayed the Plaintiff to fall on the insurance policy to make good on her indebtedness.
The issues set down for trial were as follows:
Whether or not the Defendant owes the Plaintiff any outstanding balance?
If so whether or not it is the insur…