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Author: countryghana.com

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Ghanaian Government Releases Funds for Payment of Arbitration Award

The Ghanaian government has paid a long-awaited arbitration award to GPGC Limited in relation to a contractual dispute, which began in 2010. The exact funds released amount to approx. US$20 million. This move is seen as a victory for rule of law in Ghana, and signals to foreign investors that the government honors its obligations.