Finance Ministry Denies Reports Of Government’s Contract With Bankswitch Ghana Limited

The Ministry of Finance has denied reports in a section of the media that government has concluded a contract with Bankswitch Ghana Limited. 

A statement signed by Deputy Minister Cassiel Ato Forson, said after the Permanent Court of Arbitration's ruling against government of Ghana, which awarded a cost of GH¢ 197.4 million plus a legal cost of $ 4.5 million against government, the government engaged Bankswitch Ghana to seek ways, which would be beneficial to government to pay the Judgment debt. 

The statement said a committee made up of officials from the Attorney-General's Department, the Ministry of Finance and the Ghana Revenue Authority has been holding meetings to negotiate the settlement. 

The statement said the Committee has come out with proposals which are yet to be approved by Cabinet. 

The statement assures Ghanaians that government will take a decision which will be beneficial to the country while respecting the rule of law. 

GBC