Wholly owned Ghanaian Company, Engineers & Planners Company Ltd (E&P) has successfully acquired all issued shares of Azumah Resources Ghana Ltd and Upwest Resources Ltd. The development follows a share transfer agreement with the Ghanaian Beneficial Owner.
In a statement Director for Business Development for Engineers & Planners Company Ltd, Emmanuel Erskine disclosed the share transfers have been registered with the Registrar of Companies, with the prior approval of the Minerals Commission, formally placing the Black Volta and Sankofa Projects under the full ownership and management of the company.
According to the statement the acquisition marks a landmark achievement for E&P and for Ghana’s mining industry. After decades of inactivity, these projects now stand at the threshold of full-scale development under Ghanaian leadership.
E&P, established in 1997 and today recognized as one of Africa’s foremost mining and civil engineering companies, brings the technical expertise, financial resources, and operational experience required to unlock the full potential of the concessions.
E&P has secured the funding necessary to commence immediate development and is rolling out a structured plan for the way forward. This includes:
* Working closely with the Ghana Revenue Authority (GRA) to audit and confirm all loans previously recorded as investments in the projects.
* Repaying all genuine loans, subject to applicable taxes, thereby ensuring fiscal compliance and safeguarding state revenue.
* Deploying secured funding to commence mine construction and operations within the shortest possible time.
The company views this acquisition not only as a commercial opportunity but also as a national duty. The Black Volta and Sankofa Projects have remained undeveloped since 1992. By taking them forward, E&P aims to generate jobs, stimulate local economic activity, and contribute royalties and taxes to the state. Communities in the Upper West Region will also benefit from infrastructure and social investment linked to the projects.
Mr. Ibrahim Mahama, Chief Executive Officer of Engineers & Planners, stated:
“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 poised to begin an intensive development programme, setting a precedent for Ghanaian-led mining ventures that can compete globally while prioritising national benefit.
