Cash-strapped government has conducted a review of past payments by some of its largest companies via IrishTimesBiz
Tue Feb 14 2023 - 14:45
Arbitration has been requested with the International Chamber of Commerce in London over two notices it received from the Ghana Revenue Authority, Tullow said on Tuesday in a statement. “Tullow believes that resolution through international arbitration will bring certainty, which is in the best interest of all stakeholders,” according to the statement. The assessments add to an earlier one for a remittance tax of $320 million in 2021, for which the company also seeks arbitration.West Africa’s second-largest economy is in a dire financial state after losing access to international capital markets because of its ballooning debt and loan-service costs.
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