Tullow Oil loses $400m tax dispute against Ghana government at London arbitration

An international arbitration tribunal in London has ruled in favour of the Government of Ghana in a nearly $400 million tax dispute involving Tullow Oil Ghana.

Tullow Oil had taken the matter to the international arbitration tribunal, arguing that the GRA's tax assessment breached Ghana’s Petroleum Agreement with the company.

Joy Business understands from persons familiar with the ruling that the tribunal rejected Tullow Oil’s challenge to the tax assessment imposed by the Ghana Revenue Authority (GRA).