The government of Ghana has, through the Finance Ministry, indicated that it remains committed to fulfilling its obligations under the Settlement Agreement with Trafigura.
The Ministry, in a statement, said the government has the aim of resolving the matter swiftly.
The Finance Ministry issued the statement following claims that the government was delaying in executing the agreement.
Trafigura’s Ghana Power Generation Company (GPGC) had petitioned Finance Minister Dr. Mohammed Amin Adam, seeking payment of outstanding arrears owed by the government.
GPCG in a 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.
The Ministry responding to the issue petition said: “The Ministry of Finance wishes to state that we have made the necessary arrangements to pay off the outstanding claims agreed with Trafigura after several rounds of negotiations.
We are therefore surprised at the circulation of this letter on social media.
“The Government of Ghana remains committed to honouring its obligations under the Settlement Agreement with Trafigura with the view to bring this matter to closure.”
Read below the statement by the Ministry of Finance
GOVERNMENT OF GHANA ON COURSE TO PAY TRAFIGURA
Accra, Tuesday 24th September 2024 –. It has come to our attention that a letter received
today, 24th September, 2024 about our engagement with Trafigura is circulating in the media
creating the impression of the government’s inaction on a yet-to-be-executed Settlement Agreement.
As may have been noticed, the said letter references on-going engagement on pathways towards
settling the claims.
2.
The Ministry of Finance wishes to state that we have made the necessary arrangements to pay-off the outstanding claims agreed with Trafigura after several rounds of negotiations. We are therefore surprised at the circulation of this letter on social media.
3.
The Government of Ghana remains committed to honoring its obligations under the Settlement Agreement with Trafigura with the view to bring this matter to closure.
By: Rainbowradioonline.com/Ghana
