{"id":8850,"date":"2024-11-05T12:19:09","date_gmt":"2024-11-05T12:19:09","guid":{"rendered":"https:\/\/www.fishfmonline.com\/?p=8850"},"modified":"2024-11-05T12:19:12","modified_gmt":"2024-11-05T12:19:12","slug":"ghana-nearly-lost-9-billion-to-arbitrary-claims-in-last-four-years-attorney-general","status":"publish","type":"post","link":"https:\/\/www.fishfmonline.com\/?p=8850","title":{"rendered":"Ghana nearly lost $9 billion to arbitrary claims in last four years \u2013 Attorney General."},"content":{"rendered":"\n

The Attorney General,\u00a0Godfred Yeboah Dame<\/a>, has disclosed that Ghana nearly lost an amount of $9 billion to arbitration claims against the government over the past four years.<\/p>\n\n\n\n

According to him, this amount could have collapsed the country\u2019s economy, but the claims were ultimately dismissed in favour of Ghana.<\/p>\n\n\n\n

\u201cOver the past four years, the value of arbitral cases against the Republic has been in excess of $9 billion, and I will cite a few examples to illustrate the point. One such case was the financial claim by ENI Viton against Ghana, which was initially $7 billion and subsequently reduced to $915 million after Ghana successfully challenged the proceedings in court. In fact, any of these amounts could have collapsed the Ghanaian economy,\u201d he said.<\/p>\n\n\n\n

The Attorney General said these at the Public Sector Lawyers Conference in Accra on Tuesday, November 5, 2024.<\/p>\n\n\n\n

He said that the various claims against the country had been dismissed, adding, \u201cBy the grace of God, these financial claims have been dismissed, and they were entitled by the International Arbitral Tribunal.\u201d<\/p>\n\n\n\n

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