The Businessman Alfred Agbesi Woyome has
decided to go for an international arbitration
with regards to the GH¢51.2 million judgment
debt which the Supreme Court has asked him
to refund to the government of Ghana.
He gave the awareness of his latest move on
Thursday after the Supreme Court dismissed an
application filed by one Abdulai Yusif Fanash
Muhammed who had filed an application to
contest the Supreme Court’s jurisdiction over
the case.
Muhammed had prayed the court to declare
that the financial engineering claims by Mr Alfred Agbesi
Woyome arising out of the tender bid by
Vamed Engineering GmbH/Waterville Holdings
during the procurement process in June 2005
until its wrongful abrogation in August 2005
was not an international business transaction
within the meaning of Article 181 of the 1992
Counsel for Mr Woyome, Ken Anku who spoke
to Graphic Online’s Seth J. Bokpe said even
though Muhammed’s case would have inured
to the benefit of Mr Woyome, he was not the
one who initiated it contrary to arguments that
the suit by Muhammed was spearheaded by Mr
“The action at the Supreme Court was not
commenced by Alfred Agbesi Woyome. We
were only brought in as defendants and the
plaintiff withdrew his action so we also
withdraw our action,” he said.
Mr Anku explained that “this is not the end of
the case” as his client in the next couple of
days would head to the International Chamber
of Commerce to argue out his case that the
contract that was terminated by the Kufuor
administration was not an international
contract, contrary to the Supreme Court’s
stance since there was no Parliamentary
approval, there was no contract.
“My client has always maintained the position
that the two contracts that were terminated by
Kufuor were not what he went to court to seek
for payment,” he said.
The Supreme Court in July 2014 ordered Mr
Woyome to refund GH¢51.2 million to the
state on the grounds that he got the money
out of unconstitutional and invalid contracts
between the state and Waterville Holdings
Limited in 2006 for the construction of stadia
for CAN 2008.

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