ICC Throws Out Woyome's Petition Over GH¢51.2m Judgement Debt

The International Court of Arbitration, (ICC) has thrown out a case filed against the government of Ghana by a business man Alfred Agbesi Woyome.

The court threw out the case at its preliminary jurisdiction stage and awarded a cost of $5000 against Mr. Woyome.

The case, titled “Alfred Agbesi Woyome (Ghana) vs REPUBLIC OF GHANA (Ghana)” was one of Mr. Woyome’s attempts at the ICC to defend the judgement paid to him by the state after the Supreme Court ruled that he received the money fraudulently.

The Apex Court ruled that Mr. Woyome received the money from the National Democratic Congress (NDC) government for an invalid contract between the state and Waterville Holdings Limited in 2006 for the construction of stadia for CAN 2008.

Efforts by state officials to retrieve the money have not been successful as Mr. Woyome insists the law has not been fair to him.

Mr. Woyome has, however, refunded GH¢4 million out of the total GH¢51.2 million to state coffers.

Although he subsequently promised to pay the outstanding balance by quarterly installments of GH¢5 million from April 1, 2017, he has reneged on that promise.

The relevant part of Article 6(4) says "The arbitration shall proceed if and to the extent that the Court is prima facie satisfied that an arbitration agreement under the Rules may exist."




SOURCE: Daily Graphic