By Benson Afful
Azumah Resources Ghana Ltd has announced a change in ownership and management, with Engineers & Planners Company Limited (E&P) acquiring all rights and interests in the Black Volta and Sankofa Gold Projects for $100 million.
The transaction marks the final phase of the equity transfer process, transitioning Azumah Resources Ghana Ltd into wholly Ghanaian ownership and control. A new Ghanaian management team has taken over the company’s operations and strategic direction.
The Board of Directors has been reconstituted to reflect the new ownership structure, with all former foreign directors resigning. The new management has pledged to prioritize local employment, community infrastructure, and environmental stewardship.
“We are confident that the new management and shareholders have the capacity, integrity, and commitment to advance the Black Volta and Sankofa projects in line with Ghana’s highest standards of governance and sustainability,” said Noel Nii Addo, Chief Executive Officer.
The company aims to deliver measurable value for the people of the Upper West Region, the Government, and its shareholder, Engineers & Planners Company Limited.
