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GHANA COMMERCIAL BANK AND ANOTHER v. KOFIE AND OTHERS

July 2, 1963

SUPREME COURT

GHANA

CORAM

  • AKUFO-ADDO JJ.S.C.
  • BLAY
  • VAN LARE

Areas of Law

  • Civil Procedure
  • Banking and Finance Law
  • Commercial Law

AI Generated Summary

Justice Akufo-Addo, J.S.C., delivered the judgment of the court in an appeal by a defendant bank challenging the legal propriety of a trial judgment awarding £G5,592 6s. 9d. to the plaintiffs. The bank argued the plaintiffs sued for money had and received although the referees found the loss stemmed from the bank’s default in not making the requisite claim on the Agricultural Development Corporation, meaning the bank had not actually received the money. The Court rejected this procedural challenge, noting the plaintiffs pleaded for accounts and sought amendment, which the court could effect under Order 28, r.12 and Rule 31. Examining the referees’ reports, the Court highlighted unexplained discrepancies in advances, lack of accounting for the remaining ten percent and the bank’s 0.25 percent fee, and criticized reliance on an 'equitable' method, insisting on arithmetical exactness. The Court allowed the appeal in part, set aside the judgment and costs, remitted the matter for clarification and possible further evidence, and directed adjudication of outstanding claims thereafter.

JUDGMENT