FIDELITY BANK GHANA LIMITED V. ANITA ASARE & ORS.

JUDGMENT

MENSAH-HOMIAH (MRS.) J.

In this action, the Plaintiff bank seeks the following reliefs against the Defendants as principal debtor and guarantors respectively:

1. An order for the recovery of the sum of One hundred and Fifty Three Thousand Nine Hundred and Thirty Six Ghana Cedis (GHC 153,936.73) being the total indebtedness of the 1^st defendant from the loan facility granted by the Plaintiff Bank.

2. Interest on the said sum at the prevailing bank rate from 2^nd day of March, 2016 till date of final payment.

ALTERNATIVELY,

i. An order for the judicial sale of Plot Number 32 Block L, Nhyiaeso, Kumasi.

3. Cost including Solicitor’s fee.

THE PLAINTIFF'S CASE.

The Plaintiff’s case is simple and straightforward, on 12^th June, 2014, a loan of GHC 150,000.00 was extended to the 1^st Defendant upon her request, for a period of 24 months at an interest rate of 35% per annum. The facility was guaranteed by the 2^nd and 3^rd Defendants. The 1^st Defendant also secured the loan with her property number…