General News of Thursday, 22 August 2024
Source: 3news
Attorney-General Godfred Dame has clarified that the recent $111 million judgment debt ordered by a U.S. court is not a new ruling against Ghana but an enforcement of a 2021 arbitration award.
The debt arose from Ghana's failure to pay a previous UK tribunal's decision related to a power deal with Ghana Power Generation Company (GPGC).
Despite partial payments, Ghana has not fully complied, prompting GPGC to seek enforcement in the U.S.
The recent court order simply enforces this pre-existing debt, not a new judgment.