An international arbitration tribunal in London has dismissed the claims of Ghana Community Network Services Limited (GCNet) against Ghana, awarding Ghana $2,185,983.21 in legal fees.
This amount includes $1,744,050.42 for legal representation and $441,932.79 for expert witness fees, with simple interest at USD SOFR + 1% if unpaid within 30 days of the ruling.
GCNet filed for arbitration in June 2022, challenging the Government of Ghana's termination of a service agreement for managing customs and trade systems at Ghanaian ports.
Under the agreement, GCNet charged users fees on import and export transactions.
