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DONEWEL LIFE COMPANY LIMITED V. E.M. CAPITAL PARTNERS LIMITED

(2017) JELR 64949 (HC)

High Court  •  SUIT NO. GJ/109/201  •  11 Jul 2017  •  Ghana

Coram
KWEKU T. ACKAAH-BOAFO JUSTICE OF THE HIGH COURT

Judgement

RULING

Introduction:

[1] This is an application by Plaintiff/Applicant herein praying that summary judgment be entered against the Defendant/Respondent for the recovery of the following:-

a. The sum of GH¢ 1,826,426.26 being amount invested with the Defendant and interest as at 23rd January 2017;

b. Interest on the sum of GH¢ 1,826,426.26 at the rate of 32% from 24th January 2017 till the date of final payment.

c. Cost; and

d. Any other (s) (sic) that honourable court may deem fit.

[2] The grounds upon which the instant application is premised are catalogued in a 19 paragraph supporting affidavit sworn to by John Darko, Counsel for the Plaintiff accompanying the motion paper. The thrust of the Plaintiff/Applicant’s case is that in or around December 24, it made a fixed income investment of GH¢ 1,000,000 with the Defendant which matured to GH¢ 1,320,000 on December 7, 2015. The Applicant says upon maturity it wrote to the Defendant to redeem the investment but the Defendant was urged on the P…

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