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Chinese Company claims US$55m from Ghana as Judgement debt

A Chinese-based Construction Company, Beijing Every-Way Traffic and Lighting Tech Co Ltd is demanding USD 55 million from Ghana for cancelling a contract it awarded to the Company.

The contract was to develop an intelligent traffic management system for the country.

The Company is also claiming the amount as a result of a breach of Contract by Ghana in awarding the same contract to another Chinese-based Company in Ghana.

The notice of arbitration was served on the government under the China-Ghana bilateral investment treaty on Wednesday, 10 February 2021.

The Chinese-based company is being represented by Zhong Lun Law Firm in Beijing.

The lawyers are of the opinion that, the claim against Ghana is the first against an African country by a mainland Chinese Investor.

Story by Vanessa Anaman, GIN.

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