Mining firm Engineers & Planners (E&P) has rejected claims that its acquisition of Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd is politically motivated, citing the relationship between its CEO, Ibrahim Mahama, and his brother, President John Dramani Mahama.
The company emphasized that merit and independence from any political influence have driven its business growth since its founding in 1997. E&P is currently one of Africa’s largest mining contractors, with operations spanning several countries.
The company’s legal representative, Bobby Banson, clarified that the acquisition process for the Black Volta and Sankofa gold concessions began in 2022 — before John Mahama’s return to political office — and thus cannot be associated with his presidency.
“It is very laughable for anybody to suggest that. E&P was established in 1997. All the mining contracts that E&P procured were secured when his brother was not president. You cannot equate the business success of Engineers and Planners to the political career of John Dramani Mahama,” Banson stated.
Despite E&P’s claim that the acquisition has been completed, Azumah Resources has disputed the legitimacy of the transaction. The company has warned that any unauthorized transfer of its assets would constitute expropriation, potentially exposing Ghana to international arbitration and financial liabilities exceeding US$1 billion.
Azumah Resources has indicated its intention to escalate the matter to the International Court of Arbitration if the dispute is not resolved.
 has rejected claims that its acquisition of Azumah Resources Ghana Ltd and Upwest Resources Ghana Ltd is politically motivated, citing the relationship between its CEO, Ibrahim Mahama, and his brother, President John Dramani Mahama.){kind=link}