Ghana’s High Commissioner to the UK and Ireland, Papa Owusu-Ankoma, has revealed that the Ministry of Finance has made some significant progress towards reaching a settlement for the $140 million judgment debt due Singaporean commodity trading firm, Trafigura.
According to him, one of Ghana’s properties, the Regina House which is used for commercial purpose, and has been attached by Trafigura, will not be sold to defray part of the debt.
“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”, he stressed.
He spoke on PM Express Business Edition with host George Wiafe in London on November 2, 2023. Mr. Owusu-Akomah described the events leading to the action by Trafigura as unfortunate, but maintained that everything is being done to deal with the situation. Mr. Owusu-Ankomah rejected claims that the development has brought work at Ghana’s High Commission to a “Stand Still”.
“Whatever that happened has not affected work or the services that we are offering here in London and UK”, he said. He clarified that the Ghana International Bank which operates from the Regina House has not been affected.
Mr. Owusu-Ankomah however acknowledged that the news is unfortunate.
Source: Joy Business