Azumah Resources Ghana Ltd and Upwest Resources Ltd (owners of the Black Volta and Sankofa Gold Projects) today confirm the successful transfer of all issued shares of the companies to Engineers & Planners Company Ltd (E&P), following the completion of an agreement with the Ghanaian Beneficial owner of the two companies. The transaction has been duly registered at the Registrar of Companies, marking a decisive step in ensuring the long-term development of these critical mining assets.

The transfer of ownership follows a period of extensive negotiations and legal proceedings that underscored the complexities of international investment in Ghana's mining sector. With this successful handover of equity ownership, the way is now paved for a new phase of project development led by a Ghanaian operator with proven technical and financial capacity.

The Black Volta and Sankofa Gold Projects, located in the Upper West Region of Ghana, represent significant untapped potential. Under E&P's stewardship, these projects are expected to deliver substantial benefits to the local communities and the national economy.

#Mining #Ghana #IbrahimMahama #DzataCement #EngineersAndPlanners #Philanthropist