Subsection (3) of the said section 20 provides that if a moneylender to whom a demand has been made for a statement of account in the form provided in subsection (1) “fails without reasonable excuse to comply therewith within one month after the demand has been made, he shall not, so long as the default continues, be entitled to sue for or recover any sum due under the contract on account either of principal or interest.” By analogy, therefore, if a plaintiff who sues on a moneylending transaction fails to produce such statement as the law requires him to do by section 24 (1) of the Ordinance, his claim should not be entertained by the court in which he sued, and if entertained should not be enforced.
KWABENA v. ANINKORA AND ANOTHER [1964] GLR 299 [1964] SLR (SC) 30 · Supreme Court · 1964 · OLLENNU JSC
Read it in the judgment