Ghana, 11 July, 2025— ECOWAS Bank for Investment and Development (EBID) has greenlit a $120 million financing facility for Engineers & Planners Limited (E&P), a prominent Ghanaian mining and construction company, to acquire the Black Volta Gold Mine. This landmark deal, finalized after 18 months of negotiations, positions E&P to establish Ghana’s first fully indigenous, wholly owned mining company.
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The agreement was sealed at a signing ceremony attended by senior government officials, regulatory authorities, and key industry stakeholders. Gold mining, a vital sector in Ghana, accounted for 57% of the country’s export earnings in 2024.
Dr. George Agyekum Donkor, EBID’s President and Chairman, stated, “This support for the Black Volta Gold Project underscores our commitment to transformative sectors that drive Africa’s socio-economic progress, ensuring mineral wealth benefits local communities.”Ibrahim Mahama, CEO of E&P, described the acquisition as “a historic milestone for Ghana’s mining industry,” emphasizing the company’s focus on environmental sustainability and long-term value creation.
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