Azumah Resources dismisses E&P’s purported takeover of gold projects

Azumah Resources Ghana Limited has strongly refuted reports alleging that Engineers & Planners (E&P) has acquired ownership of its Black Volta and Sankofa gold projects. 

The company described the claims as “false and without legal basis,” insisting it remains the rightful owner and operator of the concessions.

In a statement issued in Accra, Azumah stressed that no shares had been transferred to E&P by Azumah Ghana, Upwest Resources Ghana, or their shareholders. The company pointed out that only last week E&P formally abandoned its claims against Azumah—a move widely reported as clearing the way for Azumah to proceed with development of the Wa and Black Volta projects.

The dispute between the two companies had been resolved under the supervision of the Minister for Lands and Natural Resources, Hon. Emmanuel Armah-Kofi Buah, who received international praise for reinforcing investor confidence at the Africa Down Under conference in Australia. However, Azumah accused E&P of undermining that resolution by attempting to forcibly seize control of the mine.

“If such a transfer had occurred, it would amount to an expropriation of private property, exposing the Government of Ghana to claims exceeding US$1 billion under both domestic and international law,” the company warned.

Azumah confirmed that it intends to file an urgent application before the International Court of Arbitration to safeguard its shareholder rights and protect the interests of Ghana.

Prof. Prince Amponsah, Chairman of Azumah Resources Ghana, said the latest claims by E&P were nothing more than a continuation of “false information designed to confuse the public.”

“Only last week E&P abandoned its claims against us, confirming what the courts and contracts already show—that Azumah Ghana is the rightful owner of the Black Volta and Sankofa Projects,” he said.
“Any suggestion to the contrary is baseless. Our focus now is on moving rapidly into development and delivering over US$100 million of investment and thousands of jobs for the people of the Upper West Region,” Azumah quoted in their statement.

The company reaffirmed its commitment to responsible development in collaboration with local communities and Ghanaian contractors.

The Wa, Black Volta, and Sankofa projects are expected to attract more than US$100 million in investment, create 1,000 construction jobs, and sustain 420 permanent roles, positioning them as a major driver of economic growth in the Upper West Region.