JUSTICE TEI MENSAH ACTING PER HIS LAWFUL ATTORNEY ANTHONY AMOAH V. MCOTTLEY INVESTMENT CO. LTD.
(2018) JELR 107312 (HC)
High Court
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GJ/61/2019
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15 Nov 2018
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Ghana
Coram
GIFTY AGYEI ADDO
Appearances
FREDERICK ASAMOAH FOR THE PLAINTIFF.
NO LEGAL REPRESENTATION FOR THE DEFENDANT
Judgement
<p> </p><p>J U D G M E N T </p><p>The Plaintiff on 17th of October, 2018, instituted an action against the Defendant for the following reliefs: </p><p>a) Recover of the sum of GH¢91, 000 being total investment due the Plaintiff as at 23rd March, 2018. </p><p>b) Interest on the said amount at the prevailing bank rate from the 23rd March, 2018 till date of final payment. </p><p>c) Cost. </p><p>The gravamen of the action is contained in paragraphs 3 to 9 of the Plaintiff’s Statement of Claim, a summation of which is as follows: </p><p> </p><p> </p><p>JUSTICE TEI MENSAH ACTING PER HIS LAWFUL ATTORENY ANTHONY AMOAH V. MCOTTLEY INVESTMENT CO. LTD (SUIT NO. GJ/61/19) 15TH NOV., 18 </p><p> </p><p>According to the Plaintiff, he purchased a seventy thousand Ghana Cedis worth of the Defendant’s gold investment in 2017. The investment was for a period of three hundred and sixty-five days at an interest rate of 30%, maturing on 23rd March, 2018. </p><p>The Plaintiff further states that at the time of maturity, the principal sum with interest totaled 91,000 Ghana Cedis. The Plai…</p>