Boamah Reveals Near-Finalized $150m Tullow Tax Settlement That Could Have Settled Dual Disputes
Okaikwei Central MP Patrick Boamah says a draft terms document nearly finalized for two Tullow tax cases was poised to deliver a $150million resolution.
The Member of Parliament for Okaikwei South, Patrick Boamah, asserts that Ghana was on the brink of concluding a landmark $150million tax settlement with oil firm Tullow Ghana Limited. Boamah stated that negotiations had reached an advanced stage, with a draft terms sheet nearly signed to close two long-standing tax disputes involving the company. The proposed deal, sources close to the matter told this publication, would have settled obligations relating to both the Sankofa and West Capesterre fields. This development came after years of legal and diplomatic engagement between state authorities and the UK-based exploration firm. If successful, the settlement would have provided significant revenue relief for Ghana amid fiscal pressures. The House of Representatives Committee had been preparing to endorse the terms before procedural delays stalled momentum. No formal agreement was executed, but the near-miss highlighted the high stakes involved in resolving Ghana’s tax disputes with multinational corporations. Stakeholders now watch closely as the Treasury and Ghana Revenue Authority reconsider negotiation pathways.
