Judgment debts: Ghana needs a totally new regime to guide officials when entering into int’l contracts – Bright Simons
Published:
3 months ago
Source:
3News
Bright Simons is a Vice President of Imani Africa
A Vice President of IMANI Africa, Bright Simons, has said that Ghana needs a totally new regime to guide officials when entering into an international contract with high-performance standards. He also suggests that technical analysis involving commercial risks in the government of Ghana legal engagements should be subject to review by independent analysts not beholden to the same government. Following the failure of the Government of Ghana to fully comply with an earlier tribunal decision from the United Kingdom, a District of Columbia Court in the United States has awarded a $111,493,828.82 judgment debt against Ghana in favour of the Ghana Power Generation Company (GPGC). The court, in granting the Motion for Default Judgment in favour of GPGC, also ordered Ghana to pay mandatory post-judgment interest. In a post on his X platform, Bright Simons said that "Because of a decision to pay in bits, outside an agreed payment plan, Ghana had paid nearly a $100m, but the original debt has barely reduced?