Eskwai logo
Verify now as a student, judge or newly called lawyer for access to discounted plans.

HERITAGE & LEGACY MICROCREDIT CO. LTD v. FELIX OKOH & ANR

2022

COURT OF APPEAL

GHANA

CORAM

  • HENRY A. KWOFIE JA PRESIDING
  • P. BRIGHT MENSAH JA
  • GEORGE KOOMSON JA

Areas of Law

  • Civil Procedure
  • Commercial Law
  • Banking and Finance Law

AI Generated Summary

This Ghana Court of Appeal decision, authored by P. Bright Mensah JA and concurred in by H.A. Kwofie JA (Presiding) and G. Koomson JA, reviews a High Court (Accra, Commercial Division 3) ruling on a strike-out application. The defendants sought to strike out the plaintiff’s pleadings for disclosing no reasonable cause of action and, alternatively, set aside the writ for non-compliance with Order 59 of CI 47 and related rules. The plaintiff, a licensed financial services company, had advanced multiple loans consolidated into a GHC 2,123,529 facility at 8% per month, secured inter alia by the first defendant’s residence in Regimanuel Estate and other properties, and claimed GHC 85,664,002.36 plus ancillary reliefs. The Court held the claim was a commercial banking transaction under Order 58, not a moneylender or mortgage action, found no evidence the plaintiff was a licensed moneylender, affirmed that affidavit evidence may be used under inherent jurisdiction, and concluded the statement of claim disclosed a reasonable cause of action. The appeal was dismissed, the case remitted, and costs of GHC 7,000 awarded to the plaintiff.

JUDGMENT