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KWAME OHENE V. NOBLE DREAM MICRO FINANCE LTD.

(2015) JELR 64817 (HC)

High Court  •  SUIT NO.RPC/160/15  •  7 Oct 2015  •  Ghana

Coram
HER LADYSHIP ANGELINA MENSAH-HOMIAH (MRS.) JUSTICE OF THE HIGH COURT

Judgement

JUDGEMENT

This is one of hundreds of suits that have been filed against Noble Dream Micro Finance Limited by aggrieved patrons. Ordinarily, I should be talking about "customers" but for good reasons, I have refrained from using that word for now.

In the instant case, the Plaintiff is seeking re-payment of the principal amount invested in the Defendant Company plus the accrued interest. The Defendant also says that the Plaintiff was advised on the volatility of the Capital market. Yet, he chose to invest his money in the capital market and has thereby lost his investment. It is the Defendant's case that it is not under any obligation to re-pay the Plaintiff's lost investment. These assertions were denied by the Plaintiff in his reply. He maintained that he entered into a contract with the Defendant company only and the company is bound to re-pay his money together with the accrued interest as agreed upon.

After unsuccessful attempts at resolving this matter, issues were set down for trial…

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