More Judgement Debts To Hit Ghana Soon-Crusaders Against Corruption

Judgment-debt

A Civil Society Group, Crusaders Against Corruption has expressed disappointment on a $170 million judgment debt Ghana has been slapped with.

In a statement issued by the group and sighted by Capitalnewsonline.com, they disclosed that documents available to them suggest there are more of such debts to hit the nation in the coming days.

“Crusaders against Corruption Ghana expresses its disappointment in the Attorney General of Ghana for failing to protect the interest and the public purse of Ghana, even with the assistance from Amofa and Partners,” they stated.

They continued: “Other documents available to Crusaders against Corruption Ghana suggests strongly that Ghana is likely to be burdened further with more judgment debts awards in the coming months due to many missteps of the governments.”

Below is the full statement.

Immediate Press Release
To all media houses

JUDGMENT DEBT SAGA: $78 million awarded against Ghana is unacceptable.

The investigative department of Crusaders against Corruption Ghana has intercepted legal documents that contain a judgment debt that was awarded against Ghana. Whilst the country has been saddled with the almost $180 million judgment debt some few weeks ago, there is also the West Africa Gas Limited $78 million judgment debt award against Ghana which the country started, or was supposed to have started paying on 30th June 2021. This was awarded against Ghana on 15th January 2021 in a judgment under the hands of Fidelis Oditah and Hilary Hilbron in London (Arbitration Number 194422).

The award was $68,584,623.37 as of the January date but has accrued interest at 6.5% annual rate. In addition there are other awards for legal and arbitration costs. In the settlement agreement signed on behalf of Ghana by the Energy Minister and the Legal Director at the Energy Ministry, Ghana committed to paying $40 million by the end of June 2021 and the rest by September 2021 or interest will continue to accrue.

Crusaders against Corruption Ghana expresses its disappointment in the Attorney General of Ghana for failing to protect the interest and the public purse of Ghana, even with the assistance from Amofa and Partners.

Other documents available to Crusaders against Corruption Ghana suggests strongly that Ghana is likely to be burdened further with more judgment debts awards in the coming months due to many missteps of the governments.

This trend gives credence to the perception that there is an intentional new normal of ‘create, loot and share’ arrangements. As such, Crusaders against Corruption Ghana in the coming week will hold a public engagement where it will share into details its findings on this judgment debt saga that seems to be continuing to gain root in our country, enriching companies by the government non/performance of contracts entered into, and quietly acquiescing to payments by inaction on their part.

Signed

Emmanuel Wilson Jnr.
Chief Crusader

Source: Isaac Dzidzoamenu/capitalnewsonline.com

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