Ghana To Lose €25m Waterville Drags Ghana To Int. Court Over €25m

Waterville Holding has sued Ghana at the International Court of Arbitration over a Supreme Court ruling ordering it to pay €25million judgment debt.

  • Published:
  play Deputy Attorney-General and Minister of Justice Dominic Ayine
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Waterville Holding Ltd has dragged Ghana to the International Court of Arbitration seeking to challenge a Supreme Court ruling ordering it to cough up €25million judgment debt deemed illegally paid.

Speaking to Joy News Saturday, deputy Attorney-General and Minister of Justice Dominic Ayine confirmed the escalation of the legal dispute thought to have been resolved.

According to the deputy Attorney-General, government does not "see how an arbitral tribunal outside this country and specifically in London, can now reopen the matter and determine whether or not we are entitled to collect the money from them".

Waterville had being trying to use a Ghanaian court to delay the refund of the money by filing a stay of proceedings but the High Court dismissed the application and ordered Waterville to file its defense in 14 days.

Waterville has failed to do so. The construction company was in 2013 ordered by the Supreme Court to return to the State, monies it obtained illegally out of claims it brought against the State in 2009.

Former Attorney General Martin Amidu who dragged Waterville to court argued that the company had no contract with government yet made claims for the payment of the money.

Source: Myjoyonline

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