Ibrahim Mahama: Engineers & Planners Now Controls 45% of Ghana’s Mining Operations

Founder and Chief Executive Officer of Engineers & Planners (E&P), Ibrahim Mahama, has revealed that the indigenous mining services company now controls about 45 per cent of mining operations in Ghana, positioning itself for an even greater role in the country’s economic transformation.

He made the remarks during a partnership signing ceremony between E&P and Stanbic Bank Ghana in Accra, where he reflected on the company’s growth trajectory and future ambitions.

From Local Contractor to Industry Leader

Mr Mahama explained that E&P’s expansion has been driven by resilience, strategic partnerships, and a deliberate commitment to building local capacity within Ghana’s mining sector.

“Today, we can confidently say we hold about 45% 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.

What began as a small local contractor has evolved into one of Ghana’s dominant mining services firms, delivering major projects while investing in both Ghanaian and foreign technical expertise.

Shifting From Contracting to Ownership

According to Mr Mahama, the company’s vision now extends beyond contract mining services to the ownership of mining assets, a move aimed at strengthening local participation in the extraction and management of Ghana’s mineral resources.

“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.

He expressed optimism that increased local ownership in mining would:

• Stabilise the national economy

• Create more jobs

• Retain a greater share of mineral revenues within Ghana

• Deepen indigenous participation in the sector

Mr Mahama emphasised that Ghana’s mineral endowment presents a unique opportunity for sustainable national development if managed strategically and inclusively.

Long-Term Banking Partnerships

Highlighting the importance of institutional partnerships, the E&P CEO noted that the company’s relationship with Stanbic Bank has spanned more than two decades.

He disclosed that E&P structured its financial arrangements to minimise risk for its banking partners, ensuring lenders were repaid before profits were distributed.

“That structure has built trust and allowed us to scale up confidently,” he explained.

Chief Executive Officer of Stanbic Bank Ghana, Kwamina Asomaning, commended E&P’s determination and steady rise in the mining industry.

“It is easy to focus only on success, but behind it is a story of perseverance and staying the course through difficult times,” Mr Asomaning remarked.

He reaffirmed the bank’s commitment to supporting initiatives that strengthen local enterprise and expand Ghanaian participation in key sectors.

Mining as a Vehicle for National Development

Both leaders underscored the importance of deepening collaboration between financial institutions and indigenous firms to unlock Ghana’s full natural resource potential.

As E&P seeks to expand beyond its current 45 per cent operational footprint, Mr Mahama reiterated the company’s broader objective:

“We believe Ghanaian companies can lead, compete and own. That is the future we are building.”

With a strategic pivot toward ownership and sustained institutional backing, Engineers & Planners is positioning itself not only as a mining services leader but as a central player in Ghana’s economic development agenda.

Source: Accra Business News