ND Report – National Tymes
AZUMAH Resources Ghana Ltd has officially become a 100 million equity transfer to Engineers & Planners Company Limited (E&P).
In a statement issued on Friday, 17th October 2025, the Board of Directors confirmed that E&P had paid the full amount in exchange for all rights and interests in the company’s two major mining assets, the Black Volta and Sankofa Gold Projects, located in the Upper West Region.
This landmark transaction ends the company’s foreign ownership and ushers in a new era of Ghanaian leadership and control.
All former foreign directors have stepped down, allowing a fully Ghanaian management team to take over the company’s operations and strategic direction.
“With the completion of this transaction, the Board of Directors has been reconstituted to reflect the new ownership structure,” the company said.
Azumah Resources also announced plans to engage with regulators and partner institutions to ensure a smooth transition that aligns with Ghana’s mining laws and standards.
The company pledged to focus on responsible and sustainable development, with strong emphasis on local employment, community infrastructure, and environmental protection.
New CEO Noel Nii Addo described the acquisition as a major milestone in Ghana’s mining sector. “We are confident that the new management and shareholders have the capacity, integrity, and commitment to advance the Black Volta and Sankofa projects in line with Ghana’s highest standards of governance and sustainability,” he said.
Now fully under Ghanaian ownership, Azumah Resources says it will work to deliver long-term socio-economic benefits to the people of the Upper West Region, the Government of Ghana, and its new shareholder, Engineers & Planners.
Source: Nationaltymes.com
