Ghana is likely to lose $55 million, which is yet another judgement debt to a Chinese company Beijing Everyway due to a case filed by the company in the London Court of International Arbitration, Lawyer Kofi Bentil, the Vice President of IMANI Centre for Policy and Education, has said.
Speaking on Joy FM’s Newsfile he noted that a contract signed between Ghana and Beijing Everyway to handle the Accra Intelligent Traffic Management Project was wrongfully breached by the Ghanaian leadership.
“The issue of this contract is not that it has been cancelled. It is that it has been rewarded improperly and some people with their eyes open did it in such a way that Ghana now has the liability and we are likely to face that $55 million debt.”
He added, “It is my patriotic duty not to tell everybody that we will win, but to warn everybody and tell them that what we have done is wrong and these people are likely to win. If they win, we will lose 55 million dollars.”