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Natural resources

Azumah Resources Ghana Limited Resolves Dispute with Engineers and Planners Company Limited

Strategic Insights

— 1 min read

A protracted dispute between Azumah Resources Ghana Limited and Engineers and Planners Company Limited has been resolved, thanks to the role played by Mr Emmanuel Armah-Kofi Buah, the Minister of Lands and Natural Resources. This development has renewed investor confidence in Ghana's mining sector, paving the way for the construction of the Black Volta Gold Mine to move forward. The project, expected to deliver significant benefits to the Ghanaian economy and people, will create over 1,000 jobs for Ghanaians during construction and 420 full-time personnel during operation.

Key Takeaways:

  • The dispute between Azumah Resources Ghana Limited and Engineers and Planners Company Limited has been resolved, resolving to the benefit of the Ghanaian economy and people.
  • The resolution was achieved through the support and leadership of the government, particularly the Minister of Lands and Natural Resources, and the Minerals Commission.
  • The Minister's strong leadership has assured investors that Ghana remains one of Africa's most attractive and stable mining destinations, giving local communities and international partners renewed confidence in investing in Ghana.
  • Azumah Resources Ghana Limited has been praised by the company for its role in resolving the dispute, with significant benefits for the Ghanaian economy and people expected from the Black Volta Gold Mine project.
  • Professor Prince Ofori Amponsah has joined the Board of Azumah Ghana as Chairman, replacing Mr James Wallbank, and will lead the company with a team of 100% Ghanaian employees.
  • Azumah Ghana's international shareholders have agreed to allow more local participation in accordance with Ghanaian law, as the legal action has been dropped.
  • The project is expected to result in investment of more than USD$100 million in the Upper West Region of Ghana.

Statistics:

  • Over 1,000 jobs for Ghanaians were created during the construction phase of the Black Volta Gold Mine project.
  • 420 full-time personnel will be employed during the operation phase of the project.
  • USD$100 million is expected to be invested in the Upper West Region of Ghana.
  • 100% of Azumah Ghana's employees will be Ghanaians.

Sources:

  • Ghana News Agency (08 September 2025)
  • Press statement issued by John Mason, spokesperson for Azumah Shareholders

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