[ 2014-04-15 ]

Gov’t admits failure in Bankswitch judgment debt case
Government has admitted that its decision to
cancel the contract it signed with Bankswitch
Ghana in 2007 was inappropriate and a failure on
its part.
The Minister of Information and Media Relations,
Mahama Ayariga on the Citi Breakfast Show also
acknowledged that government also faulted by
failing to go through the right procedures to
terminate the contract.
“If there is any real fault, perhaps it comes
from deciding to not accept particular arrangement
and not taking the right processes to terminate
what clearly would have been an agreement with the
government of Ghana even if it was a pilot
programme.
At the time, we insisted and continued with the
contract, we ought to have gone through the
processes for terminating this particular
agreement so in that aspect, I think of course
some failure on our part took place,” he
explained.
Permanent Court of Arbitration, in The Hague
awarded damages amounting to GH¢197,491,874.00 to
the State in a case filed by Bankswitch Ghana.
The damages were given as a result of the
cancellation of a contract Bankswitch signed with
the government of Ghana in 2007.

Source - Citifmonline

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