Azumah Resources Ghana Limited has confirmed that it is currently in confidential negotiations with Engineers & Planners (E&P) to resolve an ongoing commercial dispute, describing the process as constructive and grounded in good faith.
In a statement issued on Sunday, July 13, the Board of Directors clarified that discussions between the two companies are being conducted within the framework of Ghana’s legal and regulatory systems, and with guidance from relevant ministerial bodies.
“Azumah Resources is currently engaged in confidential, good-faith negotiations with Engineers & Planners (E&P), with the shared objective of achieving a constructive and mutually acceptable resolution to the present impasse,” the statement read.
The announcement comes amid heightened public commentary and media reports, particularly concerning statements made by Bright Simons, a prominent Ghanaian policy analyst.
Azumah Resources made it clear that Simons does not represent the company in any capacity, and his public commentary should not be interpreted as the official position of the firm.
“Mr. Bright Simons does not represent, act on behalf of, or speak for the Shareholders or Directors of Azumah Resources Ghana in any capacity,” the Board stated, calling his remarks “personal opinions.”
The company cautioned the media and public to refrain from speculative or misleading reports, which it fears could jeopardize the integrity of the negotiation process. Instead, it urged stakeholders to rely on official spokespersons for verified information.
Azumah Resources also addressed the inclusion of the ECOWAS Bank for Investment and Development (EBID) in some public narratives.
The company clarified that while discussions had taken place in Lomé in 2023 regarding potential financing, EBID’s interest was purely indicative and contingent on internal credit assessments and Board approval.
“Any extrapolations beyond this context are both inappropriate and unauthorized,” the company added.
Reaffirming its commitment to professionalism and transparency, Azumah Resources emphasised its intent to act in the best interest of all stakeholders, including the Republic of Ghana.
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