View Full Version : Judgement debt errors detected in 2010 Auditor-General's Report

16th January 2012, 05:43 PM
A source close to Balkan, an international energy company which is in litigation with the Government of Ghana (GoG) both at the Hague and the Supreme Court, has told The New Crusading Guide, that contrary to what the 2010 Auditor-General's Report says, the Company (Balkan Energy Limited) has not received any money as judgement debt from the Government of Ghana (GoG).

A scrutiny of the now controversial 2010 Auditor-General's Report which is before Parliament awaiting scrutiny by the Public Accounts Committee (PAC), captures Balkan Energy Limited as a beneficiary of judgement debt of Gh¢170,726.06 being consultancy fees in respect of arbitration between Balkan Energy Limited and the Republic of Ghana. This payment was allegedly made on September 10, 2010.

Another payment stated as having been made to the same company on July 15, 2010 is classified as “cost involved in the use of facilities for settlement negotiation”. That was GH¢966.92.

The Balkan source emphasised that the litigation between the company and the Government was still on-going, and no judgement debt has been awarded in their favour to warrant such indications in the 2010 Auditor-General's Report.

The source suspected the error might be due to an inadvertent misclassification by the Auditor-General; adding that “may be what has been captured in Table 3 on page 51 of the 2010 Auditor-General's Report were payments made to the Consultants and Lawyers holding brief for the Ghanaian Government, and certainly not Balkan”.

He indicated that Balkan will take steps to seek clarification from the Auditor-General and hopefully get him to “rectify the mis-impression”.