Enforcement Of Foreign Arbitral Awards In Ghana

The recognition and enforcement of arbitration awards are of paramount importance for the success of arbitration in the international arena. This is well evidenced by the fact that the enforceability of awards worldwide is considered one of arbitration's primary advantages. Unless parties can be sure that at the end of arbitration proceedings, they will be able to enforce the award, if not complied with voluntarily, an award in their form will be only a pyrrhic victory.

The New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (New York, 1958) empowers a signatory country to enforce an arbitration award granted in another signatory state as though it were a court judgement of the first signatory state.