The Member of Parliament for Okaikwei Central, Patrick Yaw Boamah, has alleged that Ghana was close to settling two tax disputes with Tullow Ghana Limited for about $150 million before the latest arbitral ruling in favour of the country.
Boamah has alleged that after the NDC government assumed office, in June 2025, Tullow and Ghana attempted to settle the tax arbitration together with another dispute concerning the company’s insurance claim.
According to him, government subsequently entered into proposed Terms of Settlement under which Ghana would have accepted about $150 million to settle the two tax claims involving the Ghana Revenue Authority (GRA).
In a Facebook post on Wednesday, September 30, 2026, Boamah alleged that the settlement was only halted following what he described as a “last-minute intervention” by lawyers within the Ministry of Finance, which prevented the Finance Minister, Dr. Cassiel Ato Baah Forson, from signing his part of the agreement.
“Kudos to those civil servants!” portions of his Facebook post contained.
Tullow’s own 2025 annual report has confirmed that the company had two disputed Ghana tax assessments, both referred to international arbitration in 2023, and that the parties had engaged in settlement discussions.
Its latest 2026 reporting also says Tullow continues to engage with the Ghanaian government and the GRA towards a mutually acceptable resolution of the tax disputes.
Ghana defeats Tullow in $393m tax arbitration case – Finance Ministry
