NEWMAN OFORI BOADU v. RICHMOND ASUAKO alias SEBO
June 22, 2023
DISTRICT COURT
GHANA
CORAM
- H/W KEN. OKYERE-ABOAGYE
Areas of Law
- Contract Law
- Commercial Law
June 22, 2023
DISTRICT COURT
GHANA
CORAM
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On the 9th of March, 2023 Plaintiff commenced this action against Defendant seeking the following reliefs:
1. Recovery of cash the sum of thirty-one thousand one hundred and thirty-eight Cedis (GHc31,138), being total cost of cement Defendant took from the Plaintiff’s store but failed to pay on persistent demands.
2. Costs.
Defendant pleaded liable with explanation.
The summary of subject matter of claim are that, around November, 2022 Defendant went and took a quantity of cement bags from Plaintiff’s store and supplied same to his customers without the consent of Plaintiff.
Plaintiff says that after the negotiation, Defendant accepted and agreed to pay a total sum of GHc20,138 together with interest of GHc11,000 to Plaintiff on or before 28th of February,
Plaintiff says that on persistent demands, Defendant had failed or refused to pay the said amount hence this action.
Now when Defendant gave his explanation, he was complaining about the GHc11,000 as interest which Plaintiff had added to his debt of GHc20,138 saying that it is unlawful for which reason he had not paid the said sum.
Defendant had so far paid GHc6,000 out of the total sum into Court.
Defendant owed GHc20,138 which is 378 bags of cement at various prices because the prices kept changing during these hard economic times.
The current price of a bag of cement on the market is GHc87
Therefore, the total indebtedness of Defendant is GHc87 x 378 = GHcGHc32,886
He had paid GHc6,000 into Court leaving an unpaid balance of GHc26,886
I hereby enter judgment in favor of Plaintiff against Defendant in the sum of GHc26,886
Defendant is ordered to pay interest on the said sum of GHc32,886 from December, 2022 to the final date of payment.
Costs of GHc500 awarded against Defendant for Plaintiff
All payments are to be made into Court immediately.
H/W Ken. Okyere-Aboagye
(District Magistrate).
AI Generated Summary
In the District Court, Magistrate H/W Ken. Okyere-Aboagye decided a cash recovery dispute between a cement retailer and a customer who, in November 2022, took 378 bags from the retailer’s store and supplied them to his own customers without consent. Following negotiations, the customer acknowledged owing GHc20,138 and agreed to add GHc11,000 as interest, promising payment by 28 February, but failed to meet that commitment, paying only GHc6,000 into court. Taking judicial notice of price volatility in hard economic times, the court adopted the current market price of GHc87 per bag to determine a total indebtedness of GHc32,886, and entered judgment for the unpaid balance of GHc26,886. Although the customer objected that the negotiated GHc11,000 interest was unlawful, the court awarded judicial interest on the sum of GHc32,886 from December 2022 until final payment, together with GHc500 costs, and directed that all payments be made through the court.