Audio By Carbonatix
Former Power Minister Dr Kwabena Donkor has criticised Attorney General Godfred Yeboah Dame, accusing him of failing to address the $134 million judgment debt imposed on Ghana by a tribunal in the United Kingdom.
This comes after a District of Columbia Court in the United States granted a Motion for Default Judgment in favour of Trafigura Ghana Power Generation Company (GPGC), ordering the Ghana government to pay $111,493,828.92, plus mandatory post-judgment interest.
- Read also: US court uncovers Ghana made ‘intrinsically weak’ appeals in $134m judgement debt to Trafigura
The ruling has sparked concerns that Ghana's assets, including its High Commission building in the U.S., could be at risk of liquidation if GPGC seeks to enforce the judgment to recover its investment.
Dr Donkor, who oversaw the emergency power agreement that led to this dispute, argues that the New Patriotic Party government's termination of the agreement was unjustified and questions why the Attorney General and the Ministry of Energy failed to resolve the legal liabilities that have now culminated in this adverse ruling.
"What was the Attorney General's Department and the Ministry of Energy doing? Did they sleep on the job? Or did they believe the arbitration settlement was so strong that it wasn’t worth challenging?"
Dr Donkor revealed that after the arbitration settlement, the government had agreed to negotiate with Trafigura on a settlement plan, considering an option to purchase the plant and take it over.
However, he claims the Attorney General did not follow through.
"This is not the first of such issues we filed where we go to arbitration, there is a judgement, we agree a settlement and renege on it,” he added.
The MP for Pru-East further assured that a future National Democratic Congress (NDC) administration would thoroughly investigate all such judgment debts, with the potential prosecution of public officials responsible for causing financial loss to the state.
Latest Stories
-
GPL 2025/26: Asante Kotoko draw with GoldStars to extend winless run
3 hours -
Fire guts temporary wooden structures at Afful Nkwanta in the Ashanti Region
4 hours -
Haruna Iddrisu didn’t approve gender identity content – Education Ministry
4 hours -
‘We are not for sale’: Thousands rally in Greenland and Denmark against Trump’s annexation threat
4 hours -
Deputy Education Minister directs GES to act on video of SHS students displaying charms
5 hours -
From camouflage to tracksuits – Guinea’s junta leader becomes civilian president
5 hours -
Iran supreme leader admits thousands killed during recent protests
5 hours -
Judiciary to roll out court decongestion measures, galamsey courts – Chief Justice
6 hours -
Ugandan leader to extend 40-year rule after being declared winner of contested poll
7 hours -
Residents demand action on abandoned Salaga–Kumdi–Kpandai road
7 hours -
Ghana, Japan explore ways to deepen long-standing bilateral ties
7 hours -
Ghana Navy foils illegal fuel bunkering operation along Volta coastline
7 hours -
Gov’t assures minimal power disruption during WAPCo gas pipeline maintenance
8 hours -
Burna Boy and Sporty Group unveil new single “For Everybody” celebrating Africa’s sports heritage and cultural excellence
8 hours -
Achieve By Petra partners Richie Mensah to drive financial independence
8 hours
