Deputy Executive Director of the Africa Center for Energy Policy (ACEP), Ghana, Benjamin Boakye, has shared documents detailing the cause of Ghana’s $170 million judgment debt to the Ghana Power Generation Company.

He made the revelation on Twitter. As per the document, the primary concern revolved around the reinstatement of an Economic Partnership Agreement (EPA).

The then Minister of Energy was supposed to write a memo to the president recommending the reinstatement of the EPA but did not despite several reassurances that it would be done.

On Wednesday, December 13, 2023, Member of Parliament for North Tongu,Samuel Okudzeto Ablakwa, released a document indicating that the government has sanctioned the disbursement of US$20 million (GH¢230.5 million) to settle a judgment debt owed to the Ghana Power Generation Company (GPGC).

The Member of Parliament accused the Nana Addo Dankwa Akufo-Addo government of intentionally orchestrating the judgment debt for the purpose of creating, looting, and distributing the country's resources.

"I hope the Ministers who wrongfully terminated the GPGC contract and wilfully caused financial loss to Ghana are preparing for the day of reckoning," he said.

A court in the United Kingdom (UK) awarded a $140 million arbitral against Ghana for the termination of a power deal with GPGC, a subsidiary of international commodities company, Trafigura, in 2021.

The Government of Ghana (GoG) was ordered by the court to pay the full value of the Early Termination Payment of $134,348,661 together with the “Mobilisation, Demobilization and preservation and maintenance costs” of the value.

Not only is the GoG going to pay the $134,348,661, but the court has also ordered Ghana to pay all the interest that has accrued from it.

The court also asked the government to pay the cost of the arbitration and the legal fees of GPGC, which amounted to over $3 million.