OBENG VRS. ANSAH (C11/52/24) [2025] GHACC 17 (10 March 2025)

OBENG VRS. ANSAH (C11/52/24) [2025] GHACC 17 (10 March 2025)

The respondent’s admission of USD 3,000 is clear and no longer contested; judgment on admission is appropriate. The transaction was in United States Dollars, and the applicable interest rate is the prevailing rate in the United States, not the Ghanaian commercial lending rate, as supported by binding case law.

Citation
[2025] GHACC 17
Parties
Plaintiff/applicant: Rosemary Serwaa Obeng; Defendant/respondent: Richard Ansah
Court
Circuit Court
Jurisdiction
Ghana
Judgment Date
10 March 2025
Case Number
C11/52/24
Procedural Posture
Civil / Ruling on Motion for Judgment on Admission
Outcome
judgment on admission for applicant
Legal Topics
Judgment on Admission, Foreign Currency Debt, Award of Interest, Applicable Interest Rate
Source Language
English
Civil Procedure Contract Law Banking and Finance Judgment on Admission Foreign Currency Debt Award of Interest Applicable Interest Rate

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Parties

Rosemary Serwaa Obeng

Plaintiff/applicant

Richard Ansah

Defendant/respondent

Procedural Posture

Civil / Ruling on Motion for Judgment on Admission

Legal Issues

  1. 1 Whether the admission by the respondent is clear and unequivocal to warrant judgment on admission
  2. 2 Whether interest should be awarded on the admitted sum and at what rate

Ratio Decidendi

The respondent’s admission of USD 3,000 is clear and no longer contested; judgment on admission is appropriate. The transaction was in United States Dollars, and the applicable interest rate is the prevailing rate in the United States, not the Ghanaian commercial lending rate, as supported by binding case law.

Court Disposition

judgment on admission for applicant

Orders

  • Respondent to pay the Cedi equivalent of USD 3,000 to the applicant at the interest rate prevailing in the United States of America from July 2023 until final payment.