Ghanaian mining firm Engineers & Planners Company Ltd (E&P) has successfully completed the acquisition of Azumah Resources Ghana Ltd and Upwest Resources Ltd, enabling the development of the Black Volta and Sankofa mining projects in the Upper West Region. The acquisition received prior approval from the Minerals Commission and has been formally registered, granting E&P full ownership and control over the concessions. This strategic move, announced in a joint statement on September 7, 2025, is seen as a significant milestone for both the company and the nation.
Once operational, the Black Volta project is anticipated to yield an average of 163,000 ounces of gold annually during its initial five years, contributing approximately 3% to Ghana’s total gold output. E&P has secured necessary funding and plans to collaborate with the Ghana Revenue Authority to ensure proper auditing of past investments and loans, thus facilitating the construction and operations of the mines. CEO Ibrahim Mahama emphasized the importance of this project for Ghana, aiming to create jobs and stimulate local economies while ensuring transparency with stakeholders.
The Upper West Region communities are expected to benefit from infrastructure and social investments linked to the mining developments. Established in 1997, E&P is recognized as one of Africa’s top mining and civil engineering firms, now poised to revive projects that have been inactive since 1992.