$33.3m Tug-of-War Ends: GAC Tribunal Splits the Bill in Boankra Project Clash
A panel at the Ghana Arbitration Centre (GAC) has ruled that Justmoh Construction Limited must return US $33.3 million to Ashanti Port Services Limited (APSL), representing the unused portion of advance mobilisation funds previously paid under the Boankra Integrated Logistics Terminal (BILT) contract, with the amount attracting simple interest at 4 % per year; while the three‑person tribunal led by Justice Nene A.O. Amegatcher concluded that Justmoh validly ended its agreement with APSL, it also directed APSL to pay Justmoh US $7,107,456.70 for earthworks actually carried out at the site, with the same interest rate, and held Justmoh responsible for APSL’s legal expenses, including US $226,875 and GH₵ 26,250 in costs—central to the dispute was whether the groundworks completed were worth roughly US $33 million as claimed or closer to US $4 million as the project’s independent consultant estimated, and the tribunal found APSL did not provide independent expert evidence to reject Justmoh’s documentation; the arbitration began with APSL’s notice on 19 December 2023, with filings and replies in January 2024, constitution of the panel in February, preliminary hearings in April, an interim award in May, and culminated in the final award in December 2025, dismissing all other reliefs, and APSL’s CEO, Nana Kwaku Dwamena III, welcomed the outcome as providing closure and underscoring confidence in arbitration as a dispute resolution method.
