Okaikwei Central MP alleges Ghana was close to settling Tullow tax dispute for $150m

Okaikwei Central MP Patrick Boamah has claimed that Ghana was on the brink of resolving two tax disputes with Tullow Ghana Limited for approximately US$150 million before a recent arbitral decision favoring the nation. Following the NDC government's inauguration in June 2025, Tullow and Ghana were reportedly negotiating a settlement for both the tax arbitration and an insurance claim.

The proposed Terms of Settlement would have seen Ghana receive around US$150 million to settle the two tax claims involving the Ghana Revenue Authority. However, the deal reportedly came to a halt due to what Mr Boamah described as a "last-minute intervention" by lawyers within the Ministry of Finance, preventing Finance Minister Dr Cassiel Ato Forson from signing the agreement.

Boamah praised the civil servants in his Facebook post. Tullow's 2025 annual report confirms the existence of two disputed tax assessments in Ghana, both referred to international arbitration in 2023. The company's 2026 report also states that Tullow is still engaging with the Ghanaian government and the Ghana Revenue Authority to reach a mutually acceptable resolution to the tax disputes.