According to the Court of Appeal, there was a miscarriage of justice when a High Court on June 18, 2008, found him guilty on three counts of wilfully causing financial loss to the state and also for misapplying public property.
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Mr Tsikata later told journalists that "justice has been found in the court".
Mr Tsikata was sentenced to a five-year jail term in 2008 by the Kufuor administration for the offence.
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The former CEO of the Ghana National Petroleum Corporation (GNPC) was later granted presidential pardon.
He, however, filed an appeal on June 30, 2016.
![Trump and Harris face off in key debate ahead of November election [Brandon Bell/Getty Images and Andrew Harnik/Getty Images]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Trump and Harris face off in key debate ahead of November election [Brandon Bell/Getty Images and Andrew Harnik/Getty Images]")