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Trafigura threatens to seize Ghana’s properties in South Africa over $111m debt
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 Government of the Republic of Korea has presented a second consignment of equipment to support the study, maintenance and preservation of Ghana’s historic forts and castles under the Korea-Ghana ICT Climate Project.
At the handover ceremony in Accra, today, Abla Dzifa Gomashie, Minister for Tourism, Culture and Creative Arts, expressed appreciation for Korea’s continued support, including its US$4.5 million intervention towards heritage preservation, technical assistance and capacity building.
The equipment will strengthen the Ghana Museums and Monuments Board’s efforts to address the impact of climate change on Ghana’s historic heritage infrastructure.
The Ministry noted that they remain committed to working with international partners to safeguard Ghana’s priceless heritage for present and future generations.
By Edem Mensah-Tsotorme
The Association of Spouses of Heads of Diplomatic Missions and International Organizations (ASOHOM) brought art, diplomacy and philanthropy together for its glamorous black-tie charity gala, centred on the urgent theme of sustainable water futures.
At the heart of the evening was ‘Woven Currents’, a thought-provoking commissioned exhibition co-curated by Fang W. Linulf of LogonART and Fadila Njoya from Gallery Sankofa, showcasing five outstanding Ghanaian artists confronting water pollution, coastal decay, ancestral memory and ecological regeneration.
Housed within a versatile multi-function hall, far from a conventional white-cube gallery, the venue underwent a dramatic creative transformation.
Drawing on her professional architectural background, curator Fang W. Linulf reimagined the standard event space into a vivid, immersive exhibition environment through bold spatial storytelling.
Monumental art installations encircled gala guests, breaking traditional viewing boundaries and forging a remarkably intimate, visceral connection between viewers and the artworks.
Guided by a powerful curatorial vision, ‘Woven Currents’ positioned art as a call to action: to honour, safeguard and collectively steward Africa’s precious shared water heritage.
Each artwork responded directly to Ghana’s pressing aquatic realities.
Emmanuel Aggrey Tieku’s towering textile installation breathed new life into discarded local second-hand ‘Oburoni Wawu’ garments, delivering a searing commentary on waste colonialism and textile-fuelled ocean contamination.
Patrick Tagoe Turkson crafted intricate assemblages from beach-salvaged flip flops and abandoned ghost fishing nets, weaving Asafo flag and Kente cloth iconography into marine debris to unite indigenous cultural wisdom with modern-day ecological crisis.
Sena Burgundy presented introspective blue-hued figurative canvases exploring inner reflection set against shifting environmental realities.
Nana Frimpong Oduro exhibited dream-like surreal photography rooted in Akan cosmology, capturing ancestral echoes and human resilience within Ghana’s coastal waters.
Evans Torngmortey Akornor built evocative threshold-themed mixed media works from fishing shore remnants, unpacking visible and unseen layers of shoreline history.
Attendees also experienced the poignant live dance performance ‘Cry of the River’ by Vivie’s Dance.
The night featured a high-energy live auction of five signature exhibition artworks alongside a raffle draw. Every penny raised went toward vital humanitarian support for vulnerable communities across Ghana.
Diplomatic delegates, collectors, artists and cultural leaders filled the room.
The curatorial team stressed that ‘Woven Currents’ was never mere gala decoration.
It delivered grounded, locally-centred artistic narratives that enriched formal policy conversations on water conservation, repurposing a diplomatic social gathering into a dynamic public platform for ecological dialogue and meaningful giving.
By Edem Mensah-Tsotorme
