The Deputy Chief Executive Officer of the Ghana Investment Promotion Authority (GIPA), Abdul Razak Baba, has commended Azumah Resources Ghana Limited for progress on the Black Volta Gold Project in the Upper West Region, highlighting its potential to drive economic growth and create jobs.

Baba made the remarks during a site visit as part of GIPA’s Upper West Regional Investment Roadshow, where he received an update on the project’s development and ongoing construction activities.

He highlighted the importance of local employment, skills development and responsible mining, urging the company to ensure that communities hosting the project benefit from its development.

He also stressed the need for residents to participate in the economic opportunities expected to arise from the investment as the project progresses.

Ghanaian mining firm secures full ownership of Black Volta, Sankofa mining projects

The Black Volta Gold Project is expected to become a significant contributor to Ghana’s gold production when operational. It is projected to produce an average of 163,000 ounces of gold annually during its first five years, equivalent to about five tonnes a year.

The projected output would represent approximately 3% of Ghana’s national gold production, which reached 4.8 million ounces, or about 150 tonnes, in 2024.

The project’s development follows the acquisition of Azumah Resources Ghana Limited and Upwest Resources Limited by Ghanaian mining firm Engineers & Planners Company Limited (E&P), paving the way for the development of the Black Volta and Sankofa mining projects in the Upper West Region.

In a joint statement sighted by GhanaWeb Business on September 7, 2025, the companies said the share transfers had received prior approval from the Minerals Commission and were formally registered with the Registrar of Companies, giving E&P full ownership and management control of the concessions.

E&P also indicated that it had secured the funding required to begin mine development.

As part of its plans, the company outlined arrangements to work with the Ghana Revenue Authority (GRA) to audit and validate previous loans recorded as investments, repay legitimate loans with applicable taxes, and channel secured funds into construction and operations.

GIPA’s engagement with the project forms part of its broader efforts to monitor investment developments, support investors and promote economic opportunities across Ghana’s regions.

Through its regional investment roadshows, the authority engages businesses and project developers to assess progress and encourage investments that can generate employment, strengthen local skills and deliver wider economic benefits to host communities.



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