PROCREDIT SAVINGS AND LOANS COMPANY
V.
ADELAIDE ADJEI TAWIAH & 2 OTHERS

JUDGMENT

OSEI-HWERE J.

This is a debt recovery action in which the Plaintiff seeks the following reliefs against the Defendants:

a. Payment of the sum of GH₡97,723.33 being the outstanding balance on the account of the 1^st defendant from 29^th April, 2014.

b. Payment of interest on the sum of GH₡97,723.33 from 29^th April, 2014 at the agreed interest rate of 38% per annum till the date of final payment.

c. Penalty interest of 18% per annum on the sum of GH₡97,723.33 from 29^th April, 2014 till date of final payment.

d. And/or the judicial sale of a BMW (GR 8681- 10), Camry (GE 8367-11), Rexton (GC 6478- 11), Toyota Tundra (GS 1988- 11) and other property belonging to the 1^st defendants.

e. Cost

f. Any other reliefs that this Honorable Court may deem appropriate.

The action is borne out of a loan facility granted to the 1^st Defendant by the Plaintiff. Details of the grant of the loan facility and the events leading to the default are adequately captured in the Plaintiff’s statement of claim filed …