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You are at:Home»Politics»Trafigura judgment debt: Agbodza accuses Attorney-General of incompetence
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Trafigura judgment debt: Agbodza accuses Attorney-General of incompetence

Ghana ElectionBy Ghana ElectionAugust 24, 2024No Comments4 Mins Read
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Trafigura judgment debt: Agbodza accuses Attorney-General of incompetence
Minority Chief Whip Kwame Agbodza
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The Minority Chief Whip Kwame Agbodza has accused the Attorney-General Godfred Dame of incompetence following the Trafigura judgment debt awarded against the Government of Ghana.

To him, the ‘incompetence’ of Dame led to this judgment debt.

If you see how the Ambulance case was handled, it tells you this Attorney General is incompetent, he told TV3 ahead of the launch of the National Democratic Congress (NDC)  2024 manifesto.

Meanwhile, Godfred Dame earlier said that criticisms that came with the $111 million judgment debt awarded in favour of Ghana Power Generation Company by the court in the United States, form part of smear campaigns by the opposition NDC to tarnish his works.

Mr Dame explained that “the award was final, and my duty will be to ensure that the Ministry of Finance pays.

“And indeed, the Minister of Finance has not paid. I’m not a Minister for Finance,” he said on Wednesday.

“I think all these attempts, with all respect, aim to hurl mud at my reputation will not stick because the record will show that in my tenure as Attorney General, there has not been a single judgement debt,” he added.

His comments come at a time when Former Minister of Power Dr Kwabena Donkor questioned why he did not defend the government of Ghana in the $111 million judgment debt.

He asked why the Attorney-General did not defend the government in the case?

“What was the Attorney-General’s Department and the Ministry of Energy doing? What were they doing? Did they sleep on the job or did they realise that, ‘look, the arbitration settlement was on such strong legal terms that it was not worth challenging’? That could also be an option.

“But I also know for a fact that even after the arbitration settlement, the Government of Ghana agreed to engage Trafigura with a settlement plan and one of the options that Ghana government explored at the time was even to pay for the plant and take over, but again, we went to sleep.

“And this is not the first of such issues that we have had where we go to arbitration, there is a judgement against us, we agree to a settlement and renege on it”.

The MP for Pru-East also gave assurances that a future NDC administration will probe all of such judgment debts with possible prosecution of public officers who caused financial loss to the state.

“My recommendation moving forward is that, whichever government comes into power in January 2025, and I believe the NDC will come to power by courtesy of the good people of Ghana, we must study all such judgement debts, find and establish culpability and public officials who let this country down should be asked to pay for it”.

Following the failure of the Government of Ghana to fully comply with an earlier tribunal decision from the United Kingdom, a District of Columbia Court in the United States has awarded a  $111,493,828.82 judgment debt against Ghana in favour of the Ghana Power Generation Company (GPGC).

It is recalled that a court in the United Kingdom in 2021 awarded a $140 million arbitral against Ghana for the termination of a power deal with GPGC.

Court documents reveal that the U.S. court served Ghana with the petition on January 23, 2024, through Shirley Ayorkor Botchwey, Ghana’s Minister for Foreign Affairs and Regional Integration.

The documents were delivered in Ghana on January 29, 2024, with a signed confirmation of receipt.

The court determined that it had jurisdiction over the case, citing the New York Convention, which the U.S. has ratified, recognizing UK arbitral awards.

The court also noted that Ghana had expressly waived its sovereign immunity and committed to international arbitration under the power purchase agreement.

In his August 6, 2024, memorandum opinion, Chief Judge James E. Boasberg emphasized that the arbitral award between the non-U.S. parties arose out of a commercial relationship, which falls under the New York Convention.

While the judge did not grant pre-judgment interest to GPGC, the court will award post-judgment interest at the rate specified in U.S. codes, adding to the financial burden on Ghana.

 

Source: 3news.com

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