Tullow Ghana has won a major legal case against the Ghana Revenue Authority (GRA) in a high-stakes tax dispute. This ruling clears Tullow of the $320 million tax liability and ensures it will not face similar tax claims in the future. This comes after Tullow Ghana filed the request for arbitration with the International Chamber of Commerce (ICC) in February 2023.

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 This was in response to the tax assessment imposed by the Ghana Revenue Authority (GRA) and the disagreement over the application of the Branch Profit Remittance Tax (BPRT). After 11 months of legal battle, the International Chamber of Commerce (ICC) on January 2, 2025 ruled in favor of Tullow Ghana.

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Tullow Chief Executive Officer, Rahul Dhir expressed satisfaction with the Tribunal’s decision, describing it as a reaffirmation of the company’s interpretation of the Petroleum Agreements. 

are delighted with the outcome and decision of the Tribunal, which affirms our assessment and removes a material overhang from our business,” Dhir said. Tullow has expressed its commitment to

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working positively with the Government of Ghana to settle two remaining tax disputes currently being handled by the International Chamber of Commerce (ICC).These disputes, submitted to the ICC in February 2023, are a top priority for Tullow as it aims to reach fair agreements with the Ghanaian authorities.

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The company also plans to strengthen its partnership with the government to fully harness the potential of its major oil fields, Jubilee and TEN, which play a significant role in Ghana’s oil production.

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