CHRISLINE FINANCIAL SERVICES LTD V. ROSE OMABOE
(2019) JELR 65937 (HC)
High Court
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SUIT NO: AC/207/2010
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6 May 2019
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Ghana
Coram
HIS LORDSHIP JUSTICE KWEKU T. ACKAAH-BOAFO
Appearances
NASH KWAME ADJEI FOR THE PLAINTIFF ,DEFENDANT- UNREPRESENTED
Judgement
<p>JUDGMENT</p><p>i. Introduction:</p><p>[1] The Plaintiff Company, Chrisline Financial Services is a Company registered under the laws of Ghana and engages in the business of providing financial services to its customers. The Plaintiff contends that it granted the Defendant who is a Customer and trades under the business name Naa Abekan Lube and Energy various loan facilities for her business pursuant to a loan application by the Defendant. The Plaintiff contends the Defendant has breached the terms of the agreement. The issues for my resolution in this case include:</p><p>(i) whether or not the rate of interest on the various loan facilities granted to the Defendant on the 18th of October, 2006 and 23<sup>rd</sup> November 2006 respectively was 6% per month, or 6% per annum,</p><p>(ii) whether or not the rate of interest on the various loan facilities granted to the Defendant on the 6th of December, 2006 and 11th December 2006 respectively was 5% per month, or 5% per annum; and</p><p>(iii) whether or not the Defendant has been awa…</p>