Engineers & Planners (E&P) is insisting it has lawfully acquired Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd, claiming full control of the long-delayed Black Volta and Sankofa gold concessions in the Upper West Region.
This follows Azumah Resources’ denial of the acquisition and its warning that any unauthorised transfer would amount to expropriation of private property, potentially exposing Ghana to international arbitration and financial claims exceeding US$1 billion.
Azumah has also signaled its intent to escalate the matter to the International Court of Arbitration.
E&P’s legal representative, Bobby Banson, however, maintains the takeover has been completed at the Registrar General’s Department after securing a no-objection letter from the Ministry of Lands and Natural Resources upon the recommendation of the Minerals Commission.
He further dismissed Azumah’s objections, questioning the legitimacy of its statement.
According to him, “as we speak the sole shareholders of both projects is Engineers and Planners,” stressing that the PR firm behind Azumah’s release has no legal standing.
Beyond the legal tussle, E&P has outlined a structured plan to collaborate with the Ghana Revenue Authority (GRA) to audit and validate loans recorded as project investments, repay genuine debts subject to tax compliance, and deploy secured funding to commence mine construction.
The company frames the acquisition as both a commercial venture and a national duty, promising to stimulate local economic activity, create jobs, and contribute royalties and taxes to the state while fast-tracking operations at the two concessions.
