Latest report gathered by Pinaxnews.com the Government of Ghana(GoG) is in another lawful mess after a London Court of Arbitration granted more than 70 million dollars in Judgment obligation against it for squandered expense brought about through a Gas Sales Agreement in 2015.
The debate emerges out of the end by the petitioner, West Africa Gas Limited (BVI), of a Gas Sales Agreement dated 9 October 2015 (“GSA”) made among WAGL and the Republic of Ghana (“GoG”).
The Notice of Termination was gotten by GoG on 30 April 2019. It incorporated the first receipt looking for a Recovery Fee in overabundance of US$ 1,000,000,000.
Archives accessible uncovers that West Africa Gas Limited chose to end the agreement after what they guarantee were obstructions placed in their manner by the public authority of Ghana which made it hard for them to execute the agreement.
Checkout the file below;
