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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 29th Annual Dagaaba-Frafra Friendly Games have once again demonstrated that sports can be a powerful vehicle for cultural preservation, business networking, friendship and peaceful coexistence.
Held at the El-Wak Sports Stadium in Accra last Saturday, the games brought together members of the two ethnic groups from across Ghana and abroad for a colourful celebration under the theme, “Unity in Diversity: The Dagaaba-Frafra Model for Peaceful Co-existence.”
The event, which has evolved from a friendly football match into a major annual gathering, featured football, volleyball, sack races, lime and spoon, tug-of-peace and a penalty shootout for senior citizens.
At the end of the competitions, the Frafra won four events, while the Dagaaba secured victories in five, with the men’s soccer match ending in a draw.
The Frafra triumphed in the men’s lime and spoon, men’s sack race, women’s sack race and women’s soccer, while the Dagaaba won the women’s lime and spoon, men’s volleyball, women’s volleyball, women’s tug-of-peace and the senior citizens’ penalty shootout.
However, the games extended far beyond the sporting arena. The stadium grounds and surrounding spaces became a vibrant marketplace, with patrons enjoying and purchasing a variety of traditional foods, drinks and cultural products.
Local delicacies, including TZ, tubaani, bambara beans, pork, guinea fowl, local fowls, dog meat and kosie, were sold alongside traditional alcoholic beverages. Traditional dresses and other culturally inspired items also attracted buyers, turning the gathering into an important platform for small businesses and vendors to make sales while promoting northern Ghanaian culture.
The cultural exchange continued long after the final sporting contests, as patrons remained at the venue to eat, drink, socialise, dance and party well into the night.
In her remarks, the Guest of Honour, Dr Matilda Aberese-Ako, said the gathering represented much more than competition, describing the Dagaaba-Frafra relationship as a historic bond that had evolved into a modern sporting tradition and an instrument for peace.
MTN Ghana has been the headline sponsor for the games for the past 10 years.
By Gordon Wellu
By Gordon Wellu
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MTN Ghana has undertaken a tree-planting exercise at the Chipa Forest Reserve as part of its commitment to protecting the planet and support the restoration of degraded sections of the forest.
The activity forms part of the company’s 2026 Sustainability Month celebration held under the theme “Small Actions: Big Impact,” and its 30th anniversary celebration.
It was held in partnership with the Forestry Commission (FC) and the Rainforest Alliance with MTN Ghana supporting the restoration of approximately two hectares of degraded forest through the planting of 1,666 trees.
Due to the current dry weather conditions, 833 trees were planted during the exercise, with the remaining 833 to be planted when the rain commences.
The exercise brought together MTN employee volunteers, officials from the Forestry Commission and representatives of the Rainforest Alliance, demonstrating the importance of collaboration in driving environmental sustainability.
Speaking at the event, the Acting General Manager for Sustainability and Shared Value at MTN Ghana, Georgina Asare Fiagbenu, emphasized the critical role trees play in sustaining life and protecting the environment.
“Trees are essential to human survival and healthy ecosystems. They absorb carbon dioxide, release oxygen, regulate temperatures, protect soil, support biodiversity and provide habitats for many species. They also conserve water, reduce erosion and help communities adapt to the effects of climate change,” she said.
The District Manager of the Tema-Ada Forest Services Division of the Forestry Commission, Linda Ansah, welcomed MTN Ghana’s support, describing it as a valuable contribution to efforts aimed at restoring degraded sections of the reserve.
The Country Director of the Rainforest Alliance, Nicholas Jengri, also welcomed the partnership and emphasised the importance of collective action in addressing environmental challenges.
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