1. Allegation — E&P only signed the agreement to acquire Azumah after the elections.
Response — FALSE. The agreement was signed on 9th October 2023. Attached are pictures of the 9th October, 2023 signing ceremony between E&P and Azumah Resources, which is a private company owned by Australians and not the state.

2. Allegation — The President or Government of Ghana and its appointees influenced this acquisition or the financing of it in any way.
Response — FALSE. Every single milestone in this transaction (i.e. signing of agreement to acquire the project and offer letter for financing) was satisfied before the elections in December 2024.

3. Allegation — Azumah terminated the agreement in December 2024.
Response — Azumah unilaterally purported to have terminated the acquisition agreement signed on 9th October 2023. This was despite E&P continuing to fund the operations. In June 2025, the court in effect ruled the termination to be of no effect.

4. Allegation — The letter making rounds dissociating Azumah from the signing ceremony.
Response — The signing ceremony organised on 7th July 2025 was the signing of the Acquisition Facility Agreement between two parties: Lender – EBID and Borrower – E&P. Despite the subject matter regarding the acquisition of Azumah, the presence of Azumah was not required. In any case, the Resident Directors of Azumah were present at the ceremony.

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