Azumah Ghana Denies Black Volta and Sankofa Projects Takeover By E&P

Azumah Resources Ghana Limited has denied reports that its Black Volta and Sankofa Projects have been obtained by Engineers & Planners (E&P).

According to an issued statement, the company said the reports are false and without any legal basis.

“Azumah Ghana remains the lawful owner and operator of the projects. No shares have been transferred to E&P by Azumah Ghana, Upwest, or their shareholders.”

It noted E&P’s formal abandonment of its claims against Azumah Ghana, paving the way for Azumah Ghana to commence development of the Wa and Black Volta projects unimpeded.

“The Honourable Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah, was internationally praised for resolving the Azumah-E&P dispute and assuring investors at the Africa Down Under conference in Australia that Ghana remains a model of stability.

“Yet within days, E&P has defied that resolution by forcibly seizing the mine without legal basis, directly undermining the Minister’s own words and casting significant doubt on Ghana’s ability to guarantee the rule of law.”

The company also announced its intent to apply immediately to the International Court of Arbitration to prevent any “unlawful” seizure by E&P, and to ensure that the rights of its shareholders and the interests of the people of Ghana are fully protected.

It affirmed its resolve to develop the Wa, Black Volta, and Sankofa Projects responsibly, in partnership with Ghanaian communities and contractors.

The projects, it said, are expected to deliver over USS100 million in investment, 1,000 construction jobs, and 420 permanent roles, making them a cornerstone of development in the Upper West Region.

Story by Hajara Fuseini

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