Dram Oil requires recoveries from Alfapetro Ghana Limited in Alleged contract breach
An Accra High Court, Commercial Division will hear the trial of alleged breach of distribution agreement contract between Dram Oil and Trading Limited and Alfapetro Ghana Limited on June 10, 2025.
Dram Oil (the Plaintiff) wants an order to recover the sum of USD 887,671.69 (or 11,362,197.63 equivalent, calculated using the March 2024 prevailing exchange rate of GH12.8 to USD 1) being the principal of under-recoveries money due to it and received by Alfapetro Ghana Limited (Defendant) from the National Petroleum Authority under the category labelled Tranche 1 but which defendant allegedly refused or failed to pay over to the plaintiff.
It also wants an order for an interest on the sum of USD 887,671.69 in Tranche 1, currently standing at 54,458,449.38 being the applicable int...