News
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 Tema Regional Police Command has arrested a 30-year-old driver, Bismark Kpormeno, for possession of a large quantity of compressed plant materials suspected to be Indian hemp.
The arrest was made on Sunday, 31 May 2026 by officers of the Tema Highway Patrol Unit during an operation along the Tema-Ada road.
According to police, the suspect was driving a Hyundai Mighty I container truck and failed to stop when signaled. He attempted to evade arrest but was pursued and apprehended at Bondase.
A search of the vehicle revealed twelve 12 sacks and eighty 80 parcels of compressed plant materials concealed in a container and wrapped in sellotape.
Preliminary investigations show the narcotics were allegedly loaded at Kpeve in the Volta Region and were being transported to Ada.
The suspect is currently in police custody assisting with investigations. The truck and exhibits have been impounded for evidential purposes.
The Tema Regional Police Command says it remains committed to combating drug trafficking and other criminal activities.
They also urged the public to support law enforcement by providing timely and credible information on suspicious activities.
Firefighters from the Peki Fire Station of the Ghana National Fire Service (GNFS) responded swiftly to a fatal head-on collision involving a Mercedes-Benz container truck (WR 1553-C) travelling from Nkwanta to Accra and a Mercedes-Benz passenger bus (GR 3215-E) travelling from Battor to Kabiti in the Oti Region.
The crash occurred at Peki-Tsame near Peki Senior High School in the early hours of Tuesday, 2nd June 2026.
A total of forty (40) persons were involved, comprising twenty-one (21) males, fifteen (15) females, and four (4) children.
Through a coordinated rescue operation, firefighters extricated 25 injured casualties, including 23 adults and two children.
Sadly, 15 persons lost their lives, made up of nine males and 6 females.
The injured were conveyed to the Peki Government Hospital for treatment, while the deceased were handed over to the Police, who conveyed them to the hospital mortuary for preservation and further investigation. The cause of the accident remains under investigation.
The Ghana National Fire Service has extended its deepest condolences to the bereaved families and urges all motorists to observe road traffic regulations, avoid dangerous driving practices, and exercise maximum caution on the roads to help prevent accidents and save lives.
Entertainment1 week agoBig Ghun and Doreen Avio record massive turnout as Scarlett Unveiled auditions draw over 300 actors
- News6 days ago
University of Ghana launches UGA Network App to reconnect global alumni community
- News6 days ago
UG professor calls for responsible behavior from Ghanaians during the rainy season to prevent malaria
