Ghana’s US$4.9 Billion Oil Rescued From Greedy Cote d’Ivoire

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Ghana on Saturday, secured its US$4.9 billion oil reserve when it floored its western neighbour, Ivory Coast at the International Tribunal for the Law of the Sea in the maritime boundary dispute between the two countries ongoing in Germany.

Ivory Coast, wanted an injunction slapped on Ghana, until the final determination of the case in 2017 or 2018, but the international court ruled in favour of Ghana saying, “Considering that the Special Chamber finds that Côte d’Ivoire has not adduced sufficient evidence to support its allegations that the activities conducted by Ghana in the disputed area are such as to create an imminent risk of serious harm to the marine environment”.

The court explained that “… the risk of serious harm to the marine environment is of great concern to the Special Chamber”.

Boualem Bouguetaia, was the president of the Special Chamber with Wolfrum and Paik as judges. Thomas Mensah and Ronny Abraham, were chosen by the respective countries as Judges ad hoc to make up the panel. While Philippe Gautier, served as Registrar of the court.

The Attorney-General and Minister of Justice, Mrs Marietta Brew Appiah-Opong and the Minister of Petroleum and Energy, Mr Emmanuel Armah-Buah, Ghana’s lead international lawyer, Professor Philippe Sands, Ghana’s Ambassador to Germany, Ms Akua Sena Dansua and Mr. Fui Tsikata, the local legal representative, have all expressed joy at the tribunal’s decision.

Government of Côte d’Ivoire, had appointed Mr Adama Toungara, Minister of Petroleum and Energy, and Mr Ibrahima Diaby, Director General of Hydrocarbons, Ministry of Petroleum and Energy, as Agent and Co-Agent, respectively.

Below is a press statement issued by the court on its ruling against Ivory Coast in the case dubbed: “Dispute Concerning Delimitation of the Maritime Boundary between Ghana and Cote d’Ivoire in the Atlantic Ocean.”

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