The Office of the Attorney-General and Ministry of Justice has enlisted the services of Gateley Legal and Atuguba and Associates to support Ghana’s legal defence in an international arbitration case involving mining firm Blue Gold Ltd.
The dispute, currently before the Permanent Court of Arbitration, centres on a US$1 billion compensation claim filed against the Republic of Ghana over the Bogoso and Prestea gold mine lease.
Blue Gold Ltd. argues that Ghana breached the terms of a bilateral investment treaty signed between Ghana and the United Kingdom after authorities moved to terminate the mining lease linked to the company’s operations.
The arbitration was initiated on April 2, 2025, under the 2021 UNCITRAL Arbitration Rules. Blue Gold Ltd., through its subsidiary Blue Gold Holdings Limited, alongside former mine owner Future Global Resources Limited, is seeking damages over what it describes as unlawful actions by the Ghanaian state.
A three-member arbitration panel made up of Klaus Sachs as chair, together with Raëd Fathallah and Mohamed Abdel Wahab, has already convened its first case management conference earlier this year as proceedings continue.
Meanwhile, Blue Gold Ltd. has reportedly withdrawn related cases from Ghanaian courts in order to concentrate fully on the international arbitration process.
Attorney-General Engages External Counsel in Ghana’s US$1bn Arbitration Battle with Blue Gold Ltd.
Related Posts
Leave a Reply
ADVERTISEMENT
The New Crusading Guide is a privately own newspaper in Ghana with Mr ABdul Malik Kweku Baako as its Editor in Chief. We give you the latest news