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Ghana wins $393m Tullow tax arbitration as tribunal upholds GRA assessment

By GhanaSummary Newsroom1 min read2 sources
Ghana wins $393m Tullow tax arbitration as tribunal upholds GRA assessment

Synthesised from 2 Ghanaian sources

myjoyonline.commyjoyonline.compulse.com.ghpulse.com.gh

The Government of Ghana has won an international tax arbitration case against Tullow Ghana Limited, with an arbitral tribunal dismissing all claims brought by the oil company and upholding a US$393.

He added that the government would implement the award in a manner that protects Ghana’s revenue while preserving Tullow’s ability to continue operating and investing in the country as a going concern.

An ICC arbitration tribunal has ruled in favour of Ghana in its tax dispute with Tullow.

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