Ghana's Attorney-General and Minister of Justice, Godfred Yeboah Dame, revealed that the country's economy was on the verge of collapsing due to arbitration claims against the government over the past four years, which nearly cost the country a substantial amount of $9 billion.
Godfred Dame stated that Ghana's economy was saved from collapsing following a timely dismissal of arbitration claims in favor of Ghana.
Mr.
Dame said, "Over the past four years, the value of arbitral cases against the Republic has been in excess of $9 billion, and I will cite a few examples to illustrate the point.