A government negotiation team led by Attorney General and Minister of Justice Godfred Yeboah Dame is in talks with Singaporean commodity trading company Trafigura to try and come to an agreement on a payment schedule for a judgment debt of $140 million that was granted to them by a London court.
After a power purchase agreement was canceled in 2017, Trafigura was given permission to seize and sell Ghanaian property in the UK.
Already, property in London owned by the Ghana International Bank has been attached for potential auction.
Deputy Attorney General Diana Asonaba Dapaah that all state property in the UK is safe and that her boss, the Attorney General, is keeping an eye on the matter.We are working on it because litigation involves many moving parts, including settlement, and I think we will be able to provide you with some positive news regarding Trafigura's outcome very soon."We are definitely in control of it.In order to assist in reaching the best possible resolution that would benefit all parties concerned, the Attorney General has traveled to the UK, she stated.
Deputy Attorney General Diana Asonaba Dapaah that all state property in the UK is safe and that her boss, the Attorney General, is keeping an eye on the matter.We are working on it because litigation involves many moving parts, including settlement, and I think we will be able to provide you with some positive news regarding Trafigura's outcome very soon."We are definitely in control of it.In order to assist in reaching the best possible resolution that would benefit all parties concerned, the Attorney General has traveled to the UK, she stated.
Ankoma, Ghana's High Commissioner to the UK and Ireland, disclosed last week that the Ministry of Finance has made some noteworthy strides in the direction of a settlement.
Despite characterizing the events leading up to Trafigura's decision as unjust, he insisted that every effort is being made to address the matter.On November 2, he remarked on PM Express Business Edition, "We will not get to that stage where these assets will be sold to defray the debts, because of progress made on reaching a settlement."Former Energy Minister Dr. Kwabena Donkor asks President Akufo Addo to look into the situation while government negotiates a solution.The Pru East MP argues that the justifications are insufficient and that both a parliamentary investigation and a fully fledged presidential inquiry can penalize dishonest officials and help Ghana learn from its mistakes in the future.I would like to make two queries first.
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