This is a debt recovery action in which the Plaintiff seeks the following reliefs against the Defendants:
a. Payment of the sum of GH₡97,723.33 being the outstanding balance on the account of the 1st defendant from 29th April, 2014.
b. Payment of interest on the sum of GH₡97,723.33 from 29th April, 2014 at the agreed interest rate of 38% per annum till the date of final payment.
c. Penalty interest of 18% per annum on the sum of GH₡97,723.33 from 29th April, 2014 till date of final payment.
d. And/or the judicial sale of a BMW (GR 8681- 10), Camry (GE 8367-11), Rexton (GC 6478- 11), Toyota Tundra (GS 1988- 11) and other property belonging to the 1st defendants.
f. Any other reliefs that this Honorable Court may deem appropriate.
The action is borne out of a loan facility granted to the 1st Defendant by the Plaintiff. Details of the grant of the loan facility and the events leading to the default are adequately captured in the Plaintiff’s statement of claim filed …