Okaikwei Central Member of Parliament Patrick Boamah has alleged that Ghana was close to reaching a settlement of two tax disputes with Tullow Ghana Limited for about US$150 million before a recent arbitral ruling in favour of the country.
According to Mr Boamah, the settlement discussions took place after the NDC government assumed office in June 2025, with Tullow and the government seeking to resolve the tax arbitration alongside a separate dispute involving the oil producer’s insurance claim.
He alleged that the government subsequently entered into proposed Terms of Settlement under which Ghana would have accepted approximately US$150 million to resolve the two tax claims involving the Ghana Revenue Authority (GRA).
Mr Boamah claimed the proposed settlement was halted following what he described as a “last-minute intervention” by lawyers within the Ministry of Finance.
According to him, the intervention prevented Finance Minister Dr Cassiel Ato Forson from signing his part of the agreement.
“Kudos to those civil servants!” Mr Boamah wrote in a Facebook post.
The MP’s claims come against the backdrop of Tullow’s longstanding tax disputes with the Ghanaian government.
Tullow’s 2025 annual report confirms that the company had two disputed tax assessments in Ghana, both of which were referred to international arbitration in 2023.
The report also indicates that Tullow and the Ghanaian authorities had engaged in discussions aimed at settling the disputes.
In its latest 2026 reporting, Tullow said it continues to engage with the Ghanaian government and the GRA towards reaching a mutually acceptable resolution of the tax disputes.
Mr Boamah’s claim about the proposed US$150 million settlement and the alleged intervention by Ministry of Finance lawyers has not been independently verified from the government or the ministry in the information provided.
