Trafigura petitions Finance Minister over $134m judgement debt; threatens to attach Ghana’s assets in South Africa

Trafigura has petitioned Ghana's Finance Minister over a $134 million judgment debt related to a terminated power purchase agreement.

The company threatens to seize Ghana's assets in South Africa if the debt remains unpaid, having already taken control of a commercial property in London.

Despite multiple attempts to settle the debt since a UK tribunal ruling in 2021, Ghana has only made partial payments.

Trafigura's frustration has led to a warning of further legal action if the government does not comply.

The situation is compounded by an additional $111.4 million in interest from a U.S. court ruling.