Thursday 3rd April , 2014 2:56 pm
Government has denied reports that the International Court of Arbitration has ordered it to pay a 12 million dollar judgment debt to Balkan Energy Company (BEC).
Addressing the media in Accra the Attorney-General, Marietta Brew Appiah-Oppong said the New Crusading Guide report is false.
”I wish to confirm that on the 1st of April 2014 an award was indeed made; however currently due to the UNCITRAL Rules under which we conducted the arbitration we cannot give you the details of the award. However I can confirm that Ghana is not down and out, the Osagyefo Barge has and continues to remain the property of Ghana an the people of Ghana and we are making arrangements to take control of the barge,” she noted.
The New Crusading Guide newspaper in a publication reported that the court of arbitration in The Hague ordered the government of Ghana an amount of 12 million dollars after abrogating the disputed Osagyefo Barge contract.
According to the paper, Balkan Energy was claiming almost $2 billion for the abrogation of the contract, but the court took cognizance of an earlier ruling by Ghana’s Supreme Court on some cases to slash down the demands to 12 million dollars.
By: Evans Effah/citifmonline.com/Ghana