STANBIC BANK LEADS USD205 MILLION FINANCING FOR ENGINEERS & PLANNERS
Stanbic Bank Ghana LTD and The Standard Bank of South Africa Limited successfully arranged a USD205 million senior secured term loan and revolving credit facilities for Engineers & Planners Company Limited (E&P), Ghana's largest indigenous mining contractor.
The five-year facilities, structured in two tranches (USD110 million and USD95 million), will support E&P's ongoing contract mining operations, particularly its long-term engagement with Gold Fields Ghana Limited.
Ecobank Ghana PLC and Absa Bank Ghana LTD participated as key lending partners, underscoring strong collaboration within Ghana's banking sector to mobilize capital at scale.
With over 25 years of operational excellence and more than 4,000 employees, E&P remains a critical player in Ghana's mining value chain.
#IbrahimMahama #EngineersAndPlanners #GhanaGrowth #IndigenousExcellence #StanbicBankGhana
