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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
News
Egypt to host inaugural Alamein Africa Forum in new Coastal Smart City

Egypt will host Africa’s new flagship business summit this October, as leaders from across the continent converge in the newly built smart city of New Alamein for the inaugural Alamein Africa Forum.
The forum is scheduled for October 2-4, 2026 in New Alamein, Egypt’s fourth-generation coastal megacity.
The city combines advanced infrastructure, modern residential districts, international universities, cultural landmarks, and major tourism and investment projects under one master plan.
Dubbed “the continent’s premier gathering where political power meets entrepreneurial prowess,” the forum is expected to bring together over 20 African Heads of State and Government, senior leaders from leading international and regional financial institutions, and key players driving transformation across Africa’s most critical sectors.
Co-organised by the Government of Egypt, African Export-Import Bank, and AUDA-NEPAD, the Alamein Africa Forum is designed as a permanent biennial platform to advance strategic partnerships and unlock investment across Africa and global markets.[Afreximbank]
The agenda will focus on sectors defining Africa’s future: infrastructure, energy, digital transformation, manufacturing, critical minerals, health markets, and intra-African trade*.
The programme will feature high-level plenary sessions, sector-focused panels, closed-door roundtables, and structured B2B and B2G meetings aimed at facilitating concrete deals and long-term partnerships.
Special sessions will also highlight Egypt’s role as a regional hub and gateway to African markets.
The inaugural forum will be held in parallel with the 2026 African Union Mid-Year Coordination Meeting and the 33rd Annual Meetings of Afreximbank.
Organizers say the forum will serve as a launchpad to translate the African Union’s 50-year strategic master plan, Agenda 2063, into concrete projects, policies and partnerships that will define Africa’s economic trajectory for the next decade.
“In an era of shifting alliances and rising volatility, Africa can no longer afford to be a bystander in decisions that shape its own economic future,” organizers stated.
The forum aims to place the private-sector agenda at the heart of AU decision-making, lower investment risk, unlock capital, and build cross-border partnerships to strengthen Africa’s resilience to external shocks.
Located on Egypt’s Mediterranean coast, New Alamein represents Egypt’s vision for smart, sustainable urban development. Hosting the forum there is expected to showcase the city as both a symbol of African modernization and a hub for investment and innovation.
By bringing public and private sector leadership into one alliance, the Alamein Africa Forum is positioned to become Africa’s go-to space for turning commitments into implementation.
By Chris KONEY, for Egyptian Embassy, ACCRA.
News
Gomashie urges Bono Region to leverage culture and tourism for growth

Tourism, Culture and Creative Arts Minister, Abla Dzifa Gomashie, has called on stakeholders in the Bono Region to raise the bar on professionalism and patriotism if the region is to unlock its full tourism potential.
Speaking during a familiarisation tour of the region, the Minister met with staff of the Centre for National Culture (CNC) and Metropolitan, Municipal and District Chief Executives (MMDCs).
The engagement focused on how to position Bono as a leading cultural and tourism destination in Ghana.
Gomashie challenged public institutions to take a cue from the private sector by improving service delivery and embracing efficiency.
“Our institutions must be intentional about the way we serve the public,” she said, adding that “We need stronger collaboration and public-private partnerships to attract the right investment and build the tourism infrastructure that will make Bono competitive.”
The Minister urged MMDCs to work hand-in-hand with the Ministry and its agencies to identify, develop and promote key tourist attractions in their districts.
She also stressed the importance of preserving cultural heritage while creating an enabling environment for investors in tourism, culture and the creative arts.
The Minister added that “Tourism is not just about beautiful sites. It is about stories, about our heritage, and about the opportunities we create for our people.”
“This work we do today is not for ourselves alone. It is for Ghana and for generations yet unborn,” she noted.
Dzifa Gomashie further called on all stakeholders to build on the foundation inherited from previous leaders and leave behind a stronger, more vibrant sector.
The tour forms part of the Ministry’s efforts to decentralize tourism development and ensure every region benefits from Ghana’s growing creative economy.
By Edem Mensah-Tsotorme








