The founder and CEO of Engineers & Planners (E&P), Mr. Ibrahim Mahama, estimates that the local mining services company currently controls roughly 45% of Ghana’s mining operations.
According to him, it is setting itself up to play an even greater part in the nation’s economic development.
At a partnership signing ceremony between E&P and Stanbic Bank Ghana in Accra, he shared his thoughts on the company’s development and future goals.
According to Mr. Mahama, E&P’s perseverance, strategic alliances, and a concerted effort to develop indigenous capability within Ghana’s mining industry have all contributed to the company’s growth over the years.
“Today, we can confidently say we hold about 45 per cent of mining operations in Ghana. But we are not stopping there. We are looking forward to acquiring more and deepening our contribution to economic development,” he said.
He pointed out that by continuously completing large projects and investing in both Ghanaian and foreign talent, the company—which started out as a modest local contractor—had developed into a dominant player in the sector.
He asserts that in order to guarantee increased local involvement in the exploitation and management of Ghana’s mineral resources, the goal has expanded beyond contract mining services to include ownership of mining assets.
“We are moving progressively from contracting into ownership. Ghana has so much gold and potential, and we believe local companies must play a leading role in harnessing that wealth,” he stated.
Mr. Mahama expressed hope that increased local involvement in mining will contribute to economic stabilisation, job creation, and the retention of a larger portion of the nation’s mineral earnings.
He emphasised that if handled wisely and inclusively, Ghana’s mineral endowment offered a special chance for national growth.
The CEO of E&P also emphasised the value of long-term institutional relationships in maintaining growth, pointing out that the company’s standing with Stanbic Bank has changed over the course of more than 20 years.
He clarified that in order to reduce risk for its banking partners and guarantee that lenders were paid back before profits were made, the company had set up its financial arrangements.
“That structure has built trust and allowed us to scale up confidently,” he added.
The CEO of Stanbic Bank Ghana, Mr. Kwamina Asomaning, praised E&P for its perseverance and consistent growth in the mining sector.
According to him, the company’s path showed that consistent work, teamwork, and faith in long-term objectives may produce noteworthy outcomes.
According to Mr. Asomaning, “it is easy to focus only on success, but behind it is a story of perseverance and staying the course through difficult times.”
He went on to say that the bank was still dedicated to helping projects that boosted local businesses and increased Ghanaians’ involvement in important economic areas.
Both leaders agreed that strengthening cooperation between financial institutions and indigenous businesses was crucial to realising Ghana’s full natural resource potential.
As E&P looks to grow its footprint beyond its existing 45 percent share, Mr Mahama said the company’s overarching goal remained unchanged: to use mining as a vehicle for national development.
“We believe that Ghanaian companies can lead, compete, and own. That is the future we are building,” he stated.
Source: newsthemegh.com