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Ghana To Pay $170 Million As Judgement Debt - London Court Say It's Too Late To Appeal

A court in the United Kingdom (UK) has indicated that, it is too late for Ghana to for an appeal against the judgement debt amounting to US $164 million awarded against it for unlawfully terminating the contract of an independent power producer, Ghana Power Generation Company (GPGC) Limited. The London court has stated that, the “Covid-19 and election” excuse as “intrinsically weak.”

The initial contract price of the contract worth US$ 24.9 million per annum spreading over the entire contract period of four years, which amounts to US$99.6 million. But the government of Ghana failed to apply and to put aside the January 26, 2021 decision of the London-based United Nations Commission on International Trade Law (UNCITRAL) Tribunal.

Instead, it ended up at a London Commercial Court with two excuses as hindrances–the country’s 2020 presidential and parliamentary elections and certain core officials of the Attorney General’s Office who unfortunately got infected with COVID-19.

The overall verdict on the issue will be churned out very soon.

Content created and supplied by: CitizensHypeGh (via Opera News )

Ghana Ghana Power Generation Company London London Commercial Court UK

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