Okaikwei Central MP Claims Ghana Near Settles $150m Tullow Tax Dispute
Patrick Boamah says oils sector arbitration nearly ended with $150 million settlement from Tullow Ghana before arbitration reversed.
The Okaikwei Central Member of Parliament, Patrick Boamah, has revealed that Ghana was on the verge of concluding a US$150 million settlement with Tullow Ghana Limited regarding two longstanding tax disputes.
He explained that after the National Democratic Congress assumed office in June 2025, the new administration, together with Tullow Ghana, entered into comprehensive negotiations that would have closed both the tax assessments and the insurance claim dispute.
As part of the proposed Terms of Settlement, the government had prepared to receive nearly US$150 million to resolve the outstanding Ghana Revenue Authority assessments.
However, according to Boamah, these talks were abruptly halted when legal officers in the Ministry of Finance intervened at the last minute, preventing the Finance Minister, Dr Cassiel Ato Forson, from signing off on the agreement.
A statement posted on the MP’s Facebook page expressed appreciation for the civil servants involved while criticising the pause in settlement talks.
Boamah has called for transparency on why the settlement was abandoned just as it neared finalisation.
The incident has reignited public discussion about the state’s handling of high-value fiscal disputes with multinational firms.
Tullow’s 2025 annual report confirms that two tax assessments were under arbitration from 2023, and settlement discussions were actively pursued.
The company’s 2026 report also notes ongoing engagement with Ghanaian authorities and the GRA to find a mutually acceptable resolution.
No official response from the Ministry of Finance has been issued regarding the MP’s claims or the timing of the legal intervention.
