Ghana’s $100 Million Gold Mine Project Faces 7-Day Deadline to Resolve Ownership Dispute
Ghana’s Minister of Lands and Natural Resources has given two companies exactly 7 days to resolve their bitter dispute over the $100 million Black Volta Gold Project. Emmanuel Armah-Kofi Buah issued the ultimatum to Engineers & Planners and Azumah Resources, warning that the highly anticipated mining venture’s future depends on swift resolution.
The ownership battle threatens to derail one of Ghana’s most significant gold mining investments. Both companies claim rights to develop the Black Volta Gold Project, creating a legal deadlock that has stalled progress on the massive undertaking.
Minister Buah’s intervention signals government urgency to protect the project’s economic potential. The $100 million investment represents substantial foreign capital and job creation opportunities for Ghana’s mining sector. The dispute has already delayed development timelines and raised concerns among international investors monitoring the situation.
The 7-day deadline forces both Engineers & Planners and Azumah Resources to negotiate or face potential government intervention. Industry experts warn that prolonged legal battles could damage Ghana’s reputation as a stable mining destination. The Black Volta Gold Project’s resolution will likely set precedent for handling similar ownership disputes in Ghana’s lucrative gold sector.
The minister’s ultimatum underscores Ghana’s commitment to maintaining investor confidence while ensuring proper legal frameworks govern major mining acquisitions.
