Ashanti Port Services Limited (APSL), a private consortium previously involved in the construction of the Boankra Inland Port Project, has initiated legal action against the Ministry of Transport for terminating their contract.
The consortium is seeking US$3,683,720,785 in damages, which they claim represents the projected profit margin over the project’s 27-year operating period.
APSL asserts that the Ghana Shippers Authority, acting through the Ministry of Transport, terminated the contract despite the consortium’s efforts to fulfill their obligations under the Build, Operate, and Transfer agreement.
APSL alleges that the termination was unlawful and resulted from various interferences and breaches by the Ministry.
The CEO of the consortium, David Affum, is seeking a declaration that the termination was unlawful, an interim injunction to halt any work at the project site, general damages for breach of contract, and reimbursement of expenses incurred.
Additionally, APSL is requesting a refund of funds paid by the Ghana Ports and Harbours Association for shares in APSL and the projected income for the operating period of the project.
APSL is hopeful for a favorable ruling from the Court of Arbitration, which would include the restoration of the contract in their favor and an award of legal fees.