This is an appeal by the Defendant, Respondent/Appellant, hereafter referred to as the Defendant, against the decision of the Court of Appeal, dated 28th March 2013 which was in favour of the Plaintiffs/Appellants/Respondents, hereafter referred to as the plaintiffs. In a nutshell, whilst, the Plaintiffs, claims against the Defendant, (therein 2nd Defendants) was dismissed by the judgment of the High Court, dated 21st December 2011, the Court of Appeal on the 28th March 2013 reversed the judgment of the High Court, and entered judgment in favour of the plaintiffs herein.
The facts of this case admit of no controversy whatsoever. The Plaintiffs are a non-banking financial institution incorporated in and under the laws of Ghana. They were approached in their normal line of business by Ahaman Enterprises Limited, a haulage company for a credit facility, initially in the sum of GH¢30,000.00 to enable them execute contracts awarded them by the Ministry of Ener…