The facts of this case are by no means complicated. The 1st Defendant Company, a
customer of the Plaintiff Bank was in obvious need of funds to finance the
development of a 20 house facility to be known as the “ACHIMOTA PROJECT”. Upon
request the Plaintiff on 24th September, 2008 approved a property loan of
GH¢1,400,000 to the 1st Defendant. The terms of the facility are contained in a
property loan facility letter tendered at the trial as Exhibit “A”.