Engineers & Planners Company Ltd (E&P) has successfully acquired all issued shares of Azumah Resources Ghana Ltd and Upwest Resources Ltd, marking a major milestone in Ghana’s mining industry.
The acquisition, which received prior approval from the Minerals Commission and has been registered with the Registrar of Companies, places the Black Volta and Sankofa Projects fully under E&P’s ownership and management. These projects, dormant since 1992, are now set to move toward full-scale development under Ghanaian leadership.
Founded in 1997, E&P is recognised as one of Africa’s foremost mining and civil engineering firms, bringing together technical expertise, financial strength, and operational experience to maximise the potential of the concessions.
According to the company, E&P has already secured the necessary funding to commence immediate development and has rolled out a structured plan, which includes:
• Collaborating with the Ghana Revenue Authority (GRA) to audit and confirm loans previously recorded as investments.
• Repaying all genuine loans while ensuring fiscal compliance and safeguarding state revenue.
• Deploying secured funding to fast-track mine construction and operations.
E&P emphasised that the acquisition goes beyond business, describing it as a national duty. By advancing the Black Volta and Sankofa Projects, the company aims to create jobs, stimulate local economic activity, and boost state revenue through taxes and royalties. Communities in the Upper West Region are also expected to benefit from new infrastructure and social investment tied to the projects.
Chief Executive Officer of E&P, Ibrahim Mahama, expressed optimism about the development, stating:
“This is a proud moment for E&P and for Ghana. Our commitment is to ensure that these projects, which have been dormant for too long, finally deliver real value to our country and its people. We will work transparently with regulators and stakeholders to build mines that create shared prosperity.”
With the acquisition completed, E&P is set to begin an intensive development programme, positioning itself as a leader in Ghanaian-led mining ventures that can compete globally while prioritizing national benefit.
