Accra, Ghana — In a landmark transaction set to redefine Ghana’s mining landscape, Engineers & Planners Company Limited (E&P) has completed the full acquisition of Azumah Resources Ghana Ltd, marking the company’s transition to wholly Ghanaian ownership and management.
Following the successful conclusion of negotiations and financial settlement, E&P made a payment of One Hundred Million United States Dollars (US$100,000,000) to secure all rights and interests in the Black Volta and Sankofa Gold Projects located in Ghana’s Upper West Region.
This acquisition, which represents the final phase of an equity transfer process, underscores the growing capacity and confidence of indigenous Ghanaian firms in leading major resource development projects previously dominated by foreign entities.
With ownership now fully transferred, the Board of Directors of Azumah Resources Ghana Ltd has been reconstituted to reflect the new structure. All former foreign directors have stepped down, paving the way for a new Ghanaian management team to assume full operational and strategic control.
The restructured Board has pledged to engage closely with all relevant regulatory agencies and third-party partners to ensure a seamless transition in full compliance with Ghana’s mining laws and corporate governance standards.
“This acquisition marks a defining milestone in the history of Azumah Resources,” said Noel Nii Addo, Chief Executive Officer. “The new ownership brings renewed vision, integrity, and capacity to advance the Black Volta and Sankofa Gold Projects in line with Ghana’s highest standards of transparency and sustainability.”
Under the leadership of Engineers & Planners, the company is expected to prioritize local job creation, community infrastructure development, and environmental stewardship as part of its core operational strategy. The move is in line with the government’s push for increased local participation and value retention in the mining sector.
Azumah Resources Ghana Ltd reaffirmed its commitment to developing the Black Volta and Sankofa concessions in a responsible and transparent manner that delivers long-term value to the people of the Upper West Region, the Government of Ghana, and its new shareholder, Engineers & Planners Company Limited.
A New Chapter for Ghanaian Mining
Industry observers have described the transaction as a “game-changer” that could inspire greater indigenous investment in the country’s mining value chain. The move strengthens E&P’s diversified portfolio beyond engineering and construction into large-scale resource development, a strategic step that positions the company as a key player in Ghana’s extractive industry.
About Azumah Resources Ghana Ltd
Azumah Resources Ghana Ltd is a Ghanaian-incorporated mining firm holding interests in the Black Volta and Sankofa Gold Projects. The company’s mission is to responsibly explore, develop, and operate its assets to generate sustainable economic and social impact for Ghana and its stakeholders.
By Ebenezer Madugu
