A Chinese-based construction company, Beijing Everyway Traffic and Lighting Tech Co Ltd is claiming USD55 million from Ghana for cancelling a contract it awarded it to develop an intelligent traffic management system for the country.
The Chinese-based company is also claiming the amount following the award of the same contract to another Chinese-based company by Ghana.
The notice of arbitration was served on the Ghana government under the China-Ghana bilateral investment treaty on Wednesday, 10 February 2021.
The Chinese-based company is being represented by Zhong Lun Law Firm in Beijing.
The lawyers are of the opinion that the claim against Ghana is the first against an African country by a mainland Chinese Investor.
China is one of the leading foreign direct investors in Africa.
Chinese foreign direct investment in Africa soared from USD75 Million in the year 2008 to USD2.7 billion in the year 2019.
By Foster BlanksonAmanpene Marriage or Wedding? In Ghana today, the word “marriage” is almost always…
Algiers, Algeria, 11 September 2025: – Shelter Afrique Development Bank (ShafDB) and African Export-Import Bank…
A solemn candlelight protest in Accra honored over 200 Palestinian journalists killed by Israel in…
President of Russia, Vladimir Putin Russian President, Vladimir Putin has said the current crisis in…
Kwesi Pratt Jnr’s Reparations: History, Struggle, Politics and Law is a bold, deeply reasoned, and…
In 1884–1885, European leaders met in Berlin to carve up Africa, a meeting thatwould become…
View Comments
Thank you for great information. Hello Administ .
Hi, just required you to know I he added your site to my Google bookmarks due to your layout. But seriously, I believe your internet site has 1 in the freshest theme I??ve came across.
Great post thank you. Hello Administ .
Great post thank you. Hello Administ .
After all, what a great site and informative posts, I will upload inbound link – bookmark this web site? Regards, Reader.
Nice article inspiring thanks. Hello Administ .
Hello! I could have sworn I’ve been to this blog before but after browsing through some of the post I realized it’s new to me.
Nice article inspiring thanks. Hello Administ .
Thank you for great article. Hello Administ .
I really love to read such an excellent article. Helpful article. Hello Administ .