The International Court of Arbitration has awarded a cost of $134 million against the Government of Ghana over the cancellation of an Emergency Power Agreement with GCGP Limited.
The contract, which was cancelled under the former Energy Minister Boakye Agyarko as part of several other energy contracts cancelled by the New Patriotic Party (NPP), also accrued an interest of $30 million since 2018.
The contracts were cancelled because the New Patriotic Party claimed that those power agreements signed by the previous Mahama administration were not needed.
Atiewin Mbillah-Lawson has more on this development from Accra.
