Revealed – Ibrahim Mahama’s acquisition of Damang Mine was approved in March 2024

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Makay
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Ibrahim Mahama

The information gathered suggests Ibrahim Mahama’s  Engineers and Planners’ acquisition of the Damang Mine was approved in March 2024.

According to reports, approval for the acquisition of Damang Mine by Engineers and Planners was granted by former Lands Minister, Samuel Abu Jinapor, in March 2024.

 Rafik Mahama, special aide to Ibrahim Mahama, Engineers & Planners (E&P), has also disclosed that the company, which has served as the sole mining contractor at the Damang Mine since 2017, expressed interest in acquiring the mine after Gold Fields decided to exit in 2023.

He disclosed that Engineers & Planners (E&P) subsequently secured a No Objection in March 2024, approved by Samuel Abu Jinapor.

A letter shared on social media from the Ministry of Lands and Natural Resources dated March 12, 2024, reads, “Your letter dated 8th March, 2024, on the above-subject matter refers.

Subsequent to your letter, the Hon. Ministe requested for the advice and commendation of the Minerals Commission, pursuant to section 100(2) of the Minerals and Mining Act, 2006 (Act 703), which was recelved on 12% March, 2024 The Commission indicates that your company has gained considerable experience in mining, and is currently engaged in contract mining for Abosso Goldificlds Limited’s Damang Gold Mine.

Based on the representations in your letter and on the recommendation of the Minerals Commission, the Hon. Minister for Lands and Natural Resources has no objection to Engineers and Planners Co. Ltd. entering into negotiations with Abosso Goldfields Limited for the purposes of acquiring the Damang Gold Mine.

This no objection, however, does not affect the right of the Government of Ghana to approve or reject any transaction and/or agreement concluded between the parties. Accordingly, any agreement concluded between you on one hand, and Abosso Goldfields Limited, on the other hand, shall be subject to the express approval or otherwise of the Government of Ghana. For the avoidance of doubt, any such agreement shall not be valid, and no rights shall pass under such an agreement without the consent of the Government of Ghana. This no objection is granted subject to the above reservations”.

Meanwhile, the minority in parliament has alleged that Ghana is dangerously drifting towards state capture in the mining sector, just one year into President John Dramani Mahama’s administration.

According to the NPP minority, Ibrahim Mahama, brother of President John Mahama, is wielding undue influence in Ghana’s mining sector.

They alleged that since the President’s return to office, companies linked to Ibrahim Mahama have gained unprecedented and unfair advantages.

Speaking to journalists in Parliament, the Minority Spokesperson on Lands and Natural Resources, Kwaku Ampratwum-Sarpong, stated, “Now Ghana stands today at a defining moment in our natural resource governance. Barely one year into the administration of President John Dramani Mahama, we are witnessing what can only be described as a dangerous drift towards state capture in the mining sector,” Mr Ampratwum-Sarpong stated.

“This is not an abstract concern. This is not rhetorical or alarmist. This is unfolding in real time through decisions, patterns, and actions that threaten our institutional integrity, economic stability, and democratic accountability.”

Mr Ampratwum-Sarpong pointed to Ibrahim Mahama’s upcoming transition of the Damang gold mine from Goldfields Ghana as an example of the lack of transparency.

According to the minority, Parliament and the Ghanaian public have been kept in the dark about who will operate the asset.

The Minority further alleged that there was a systematic placement of individuals with close ties to Ibrahim Mahama in Ghana’s mining sector’s regulatory landscape.

Mr Ampratwum-Sarpong fingered the appointment, the CEO of GIADEC was the personal lawyer of Ibrahim Mahama, and that a member of the GIADEC board, Mr Augustus Agbeli-Amegashi as close associate of Ibrahim Mahama’s Exton Cubic Group and Engineers & Planners.

Also, pointing to the Deputy CEO of the Minerals Commission in charge of Local Content and Mineral Titles, Victoria Awuni, who worked as a group manager for compliance at Ibrahim Mahama’s Engineers & Planners.

Mr Ampratwum-Sarpong further stressed that the CEO of the Ghana Gold Board, GoldBod, Sammy Gyamfi, was also the public relations officer for Ibrahim Mahama’s Exton Cubic.

The minority added, “Taken individually, each of these may be explained, but taken together, they point to something far more serious and dangerous, a growing convergence between public institutions and a single private corporate orbit”.

“Every major agency that should report to the Minister now answers to Ibrahim Mahama’s orbit, not to the Minister or Parliament,” Mr Ampratwum-Sarpong claimed.

“While they use that particular parameter to actually assess us and judge us, it is only proper that whilst in office in the last year we also try and turn the skills on them and see how they have performed under that particular parameter,” he said.

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