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Trafigura threatens to seize Ghana’s properties in South Africa over $111m debt
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Trafigura’s Ghana Power Generation Company (GPGC) has petitioned Finance Minister Dr. Mohammed Amin Adam on outstanding arrears owed to it by the Government of Ghana.
GPCG in letter addressed to the Finance Minister and copied to the Attorney General and Minister of Justice Godfred Yeboah Dame, warned that it may be compelled to seize Ghana’s properties in South Africa and the United States of America if the government fails to pay an outstanding $111 million out of $134 million judgement debt it was awarded four years ago after Ghana abrogated a power purchase agreement.
A similar action was taken in August 2024, when Trafigura moved in to briefly seize Ghana’s Regina House in the United Kingdom for defaulting on a payment agreement.
The origins of this legal dispute trace back to a decision made on January 26, 2021, by a UK tribunal. The tribunal issued a decisive final award, concluding that the Ghanaian government had breached its contractual obligations under the power purchase agreement with GPGC.
This breach occurred when Ghana unilaterally terminated the agreement on February 18, 2018. The tribunal’s findings were damning, ruling that Ghana was liable to pay GPGC a staggering $134,348,661 as an early termination payment.
Government paid $23 million of the debt when the Regina House was seized with a balance of $111 million.
GPCG in its letter to the Finance Minister gave Ghana up to the end of this week to settle debt.
“We would nevertheless like to reiterate the message of our previous correspondence, that we would prefer not to take any further enforcement action and instead to resolve the matter amicably by fully executing the settlement agreement, as soon as possible, ideally within this week, and receiving payment in accordance with the agreed schedule,” it indicated.
Source: Citinewsroom.com
The Ministry of Education has condemned the alleged sexual abuse of a 14-year-old student with autism at Bolgatanga Girls’ Senior High School (BOGISS) in the Upper East Region.
The ministry, in a statement issued on August 20, 2026, indicated that two watchmen employed by the school are alleged to have sexually abused the student.
It described the incident as unacceptable and stressed that schools must protect and care for students, particularly children who are vulnerable.
The ministry made it clear that the student cannot be blamed for the alleged abuse.
“The Ministry wishes to state unequivocally that a minor cannot be held responsible for sexual abuse perpetrated against her by an adult,” it stated.
The Minister for Education, Haruna Iddrisu, has directed the Ghana Education Service (GES) to investigate the matter and submit a report immediately.
He has directed the GES to ensure that the student receives the necessary medical care and counselling to support her recovery.
The ministry further directed that the student’s boarding status at BOGISS be restored immediately.
It assured the student’s family and the public that it would work to ensure that justice is served.
The ministry described the incident as an act of indiscipline and reaffirmed its commitment to protecting the safety, dignity and rights of students in schools across the country.
By: Jacob Aggrey
Former Deputy Minister for Local Government and NDC aspiring national chairman, Nii Lante Vanderpuye has apologised to GoldBod Chief Executive Officer, Sammy Gyamfi, and the National Democratic Congress (NDC) over comments he made during a discussion on Channel one TV.
In a statement dated August 20, 2026, Mr Vanderpuye acknowledged that his comments during the programme did not properly communicate his intended position.
He explained that he had no intention of undermining Mr Gyamfi or supporting criticisms being directed at him and GoldBod by the opposition.
According to him, his intention was to defend the work of GoldBod and the efforts of its CEO, but he expressed himself in a way that created a different impression.
“For that error of judgement and communication, I am sincerely sorry,” Mr Vanderpuye stated.
He particularly apologised to Mr Gyamfi, describing him as a dedicated member of the NDC who has served the party with courage and commitment.
Mr Vanderpuye also apologised to the leadership, members and grassroots of the NDC who may have been disappointed or hurt by his comments.
He acknowledged that party members expect leaders and those seeking greater responsibility within the NDC to show solidarity, good judgement and loyalty, especially when members and institutions led by them face political attacks.
Mr Vanderpuye further stressed that he has spent a significant part of his political life supporting and fighting for the NDC, including during difficult personal and political periods.
He reaffirmed that the NDC remains his political home and that his loyalty and commitment to the party remain unwavering.
The issue started after the Minority in Parliament, led by Minority Leader Alexander Afenyo Markin, accused GoldBod CEO Sammy Gyamfi of being responsible for an alleged GH¢22 billion loss at the institution.
Mr Gyamfi later responded to the allegations during the government’s accountability series, defending GoldBod and its work.
However, during a discussion on channel one TV, Nii Lante Vanderpuye made some comments that were understood by some people as being critical of Mr Gyamfi and GoldBod.
His comments sparked concerns among some NDC supporters, leading him to apologise to Mr Gyamfi, the party leadership and its members.
By: Jacob Aggrey
