HFC BANK (GHANA) LTD vs. JACOB ABEKA [2020]DLSC9803

Date	2019-06-12
Suit No.	C.A NO. J4/05/2018
Citation No.	[2020]DLSC9803

DOTSE JSC (PRESIDING)

YEBOAH JSC

APPAU JSC

PWAMANG JSC

MARFUL-SAU JSC

SULLEY SAMBIAH FOR THE PLAINTIFF/APPELLANT/RESPONDENT

KWAME A. BOAFO FOR THE DEFENDANT/RESPONDENT/APPELLANT

[2020]DLSC9803
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													<main id="main" class="content" style="min-height: 60rem" >HFC BANK (GHANA) LTD (SUING PER ITS
LAWFUL ATTORNEY EXPERTS CONSULT LIMITED)<o:p></o:p>(PLAINTIFF/APPELLANT/RESPONDENT) vs.JACOB
ABEKA(DEFENDANT/RESPONDENT/APPELLANT)<o:p></o:p>[SUPREME COURT, ACCRA]<o:p></o:p>CIVIL
APPEAL NO. J4/05/2018&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DATE: 12TH JUNE, 2019<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0in 0in 1pt;">

<o:p>&nbsp;</o:p>

<o:p>&nbsp;</o:p>

</div>CORAM:<o:p></o:p>DOTSE, JSC (PRESIDING), YEBOAH,
JSC, APPAU, JSC, PWAMANG, JSC<o:p></o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0in 0in 1pt;">

</div><o:p>&nbsp;</o:p><div style="border-top: none; border-right: none; border-left: none; border-image: initial; border-bottom-width: 1.5pt; border-bottom-color: windowtext; padding: 0in 0in 1pt;">

JUDGMENT<o:p></o:p>

</div><o:p>&nbsp;</o:p>JUDGMENT BY YEBOAH
JSC <o:p></o:p>The facts of this case appear not to be
controverted by the parties. Briefly, the defendant/respondent/appellant
(hereinafter referred to as the appellant) was at the material time to this
action a customer of the plaintiff/appellant/respondent (who for sake of
brevity shall be referred to as the respondent.) Between June and August of
2008, the Respondent allowed the appellant to overdraw his accounts to the tune
of Gh₵200,000 to enable him construct a warehouse.&nbsp; The parties herein did not execute any formal
agreement but the appellant deposited the title deeds of his property known as
plot No. 31 Block ADB Parakuo Estate, Adiembra, Kumasi as security for the
credit facility so granted. <o:p></o:p>The appellant, however, failed to pay off the
debit balance on his account.&nbsp; The
respondent thereafter commenced this action per his attorney at the High Court,
(Commercial Division) Kumasi, for the following reliefs: <o:p></o:p>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Recovery of the
sum of one Hundred and Thirty-one Thousand, one hundred and Forty-Nine Ghana
Cedis, fourteen Ghana pesewas (Gh₵131, 149.14) inclusive of interest being
outstanding balance of an overdraft facility extended to defendant by
plaintiff.<o:p></o:p>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Interest at the
prevailing bank rate from 1st May 2011 till date of final payment.<o:p></o:p>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Penal interest of
10% per annum from 1st May, 2011 till date of final payment.<o:p></o:p>