Accra-headquartered mining and construction contractor Engineers & Planners Company has secured a US$205 million loan package from Stanbic Bank Ghana and Standard Bank of South Africa to fund expansion of its work for gold major Gold Fields in Ghana.
The funding will help EPC grow and modernise its equipment fleet. “It strengthens our capacity to deliver on large-scale mining contracts to the highest global standards while deepening local participation in the sector,” the company said in a statement.
“The financing strengthens the company’s capacity to execute large-scale hard-rock mining contract with Gold Fields Ghana [and] invest in and deepen operational efficiencies on the contract.”
Founded by Ibrahim Mahama in 1997, EPC operates in Ghana and Liberia and is said to employ more than 4000 people. Mahama is the brother of Ghana president, John Dramani Mahama.
“By structuring and mobilising the $205 million facility we are not only enabling Engineers & Planners to scale its operations but also reinforcing Stanbic Bank’s role as a long-term partner in advancing localisation, strengthening Ghana’s mining value chain and driving sustainable growth across the broader economy,” Stanbic Bank Ghana CEO Kwamina Asomaning said.
