Engineers & Planners acquire Black Volta and Sankofa Gold Concessions

JHNews || Accra, September 2025 — Indigenous mining and civil engineering giant, Engineers & Planners (E&P), has officially taken over the long-stalled Black Volta and Sankofa gold concessions in the Upper West Region, following the acquisition of Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd.

The transaction, duly registered with the Registrar of Companies and approved by the Minerals Commission, ends nearly three decades of inactivity caused by under-investment, capital shortfalls, and protracted legal disputes.

The takeover comes at a crucial time for Ghana, with global gold prices above $3,000 per ounce and the government seeking to increase mining revenues as part of its IMF-backed fiscal consolidation programme.

E&P announced it had secured financing to begin mine development and committed to settling verified debts tied to the projects. The company’s plan includes:

• Collaborating with the Ghana Revenue Authority (GRA) to audit and validate loans previously recorded as project investments.
• Repaying genuine debts in compliance with tax obligations to safeguard state revenue.
• Deploying secured funding to fast-track mine construction and operations.

Chief Executive Officer Ibrahim Mahama hailed the development as a breakthrough for Ghanaian-led mining.

“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,” he said.

Founded in 1997, Engineers & Planners has grown into one of Africa’s leading mining and civil engineering companies. Its latest acquisition signals a shift toward greater Ghanaian ownership in a sector long dominated by foreign firms.

E&P has pledged to stimulate local economic activity, create jobs, contribute royalties and taxes to the state, and invest in infrastructure and social projects for host communities in the Upper West Region.