Business
Ibrahim Mahama’s Engineers & Planners Secures Largest Financings For An Indigenous Contractor From Stanbic
ACCRA — In one of the largest structured financings ever arranged for an indigenous mining contractor in Ghana, Stanbic Bank Ghana has led a syndicate of lenders to secure a $205 million senior secured facility for Engineers & Planners Company Limited, a wholly Ghanaian-owned mining services firm.
The five-year facility, structured as a combination of term loan and revolving credit, strengthens the company’s capital base at a critical moment when scale, operational depth, and balance sheet strength are defining competitiveness in Ghana’s mining services sector, according to a statement from Africa Reporters Network.
Multi-Bank Syndicate Structure
The transaction was arranged together with Standard Bank of South Africa, with Ecobank Ghana PLC and Absa Bank Ghana LTD participating as lending partners. The syndicated approach reflects a sophisticated risk-sharing model that combines local market knowledge with cross-border balance sheet strength.
This structure allows participating banks to underwrite a facility of significant size while leveraging the respective strengths of each institution—Stanbic’s deep local relationships, Standard Bank’s regional expertise, and the combined commercial banking power of Ecobank and Absa in the Ghanaian market.
Backing Indigenous Mining Capacity
Engineers & Planners is widely regarded as Ghana’s largest indigenous mining contractor. The scale of the facility signals strong lender confidence in the company’s operational track record, asset base, and revenue visibility within Ghana’s gold ecosystem.
The financing will support Engineers & Planners’ long-term mining operations with Gold Fields Ghana Limited, reinforcing domestic participation in one of Ghana’s most strategic export sectors. Mining remains central to foreign exchange generation and fiscal stability, contributing significantly to government revenues and economic activity.
For an indigenous firm to secure financing of this magnitude alongside partnerships with multinational mining operators represents a significant milestone in the evolution of local participation in Ghana’s extractives industry.
Signal to Ghana’s Banking Sector
Beyond the headline figure, the deal demonstrates increasing capacity within Ghana’s banking system to underwrite large industrial facilities tied to established offtake and performance contracts. It also reflects deeper confidence in structured finance instruments within capital-intensive sectors.
The transaction suggests that Ghanaian banks are developing the technical expertise and risk appetite necessary to finance large-scale industrial operations—capabilities that were historically the preserve of international lenders and development finance institutions.
This growing sophistication within the domestic banking sector has implications beyond mining. It signals that Ghanaian financial institutions are increasingly capable of supporting the country’s broader industrialization agenda.
A Broader Industrial Implication
The $205 million facility raises a larger strategic question for Ghana’s economy. As indigenous contractors gain access to larger pools of structured capital, the potential grows for stronger local value retention and reduced dependence on foreign-dominated service providers in extractives.
Historically, the capital-intensive nature of mining services has favored well-capitalized international firms with access to cheaper and larger financing. By enabling local firms to compete on a more level playing field, facilities like this one support the development of domestic industrial capacity that can retain more value within the Ghanaian economy.
This aligns with broader policy objectives around local content and local participation in the extractives sector—goals that have been articulated across successive governments but have often struggled with implementation challenges.
Engineers & Planners: A Homegrown Success Story
Engineers & Planners has established itself over decades as a reliable partner to major mining operators in Ghana. The company’s track record of performance, safety, and operational excellence has earned it the trust of both international mining companies and the domestic financial community.
The firm’s ability to secure financing of this scale reflects not only its own institutional strength but also the maturation of Ghana’s mining services sector. Indigenous firms are no longer confined to peripheral roles but are increasingly capable of competing for and executing core mining contracts alongside international operators.
Implications for the Mining Sector
Gold remains Ghana’s most valuable mineral export, contributing billions of dollars annually to foreign exchange earnings and supporting hundreds of thousands of direct and indirect jobs. The sector’s importance to macroeconomic stability cannot be overstated.
By strengthening the capital base of a key indigenous contractor, this facility supports the operational resilience of the broader mining ecosystem. Well-capitalized local contractors can invest in better equipment, more training, and stronger safety systems—benefits that ultimately accrue to the entire sector.
For Gold Fields Ghana Limited, the partnership with a financially robust Engineers & Planners provides confidence in the continuity and quality of mining services at their operations.
Looking Forward
The successful arrangement of this facility may serve as a template for future financings in Ghana’s extractives sector. If local banks can consistently underwrite large-scale industrial facilities, the pathway to greater local participation in mining, oil, and gas becomes clearer.
It also sends a signal to international observers about the maturation of Ghana’s financial markets. The ability to structure and execute complex, multi-bank syndications demonstrates institutional capacity that enhances the country’s attractiveness to foreign investors across sectors.
For Engineers & Planners, the transaction provides the financial firepower to pursue growth, invest in new equipment, and potentially expand into additional mining operations. For the lending syndicate, it represents a calculated bet on the continued strength of Ghana’s gold sector and the capability of indigenous firms to deliver at scale.
As Ghana seeks to transform its resource wealth into broader industrial development, transactions like this one offer a glimpse of what’s possible when local capital, local expertise, and local enterprise align.
Business
Why Saudi Arabia Has Imposed Poultry Import Ban on Ghana and 39 Other Countries
The Kingdom of Saudi Arabia has banned imports of poultry meat and table eggs from Ghana and 39 other countries as part of a major update to its food safety regulations, the Saudi Food and Drug Authority (SFDA) announced in late February 2026, with the measures taking effect in early March.
The decision, described as one of the most extensive in recent years, prohibits raw poultry products and table eggs from the listed nations to prevent the spread of animal diseases, particularly highly pathogenic avian influenza (HPAI), commonly known as bird flu. Saudi authorities explained that the ban is precautionary, aimed at protecting public health, reinforcing food safety in the domestic market, and ensuring the kingdom’s food security amid ongoing global epidemiological monitoring.
According to SFDA updates reviewed by local and international media, some restrictions date back to 2004, while others were added progressively based on risk assessments, international reports from bodies like the World Organisation for Animal Health (WOAH, formerly OIE), and confirmed outbreaks of HPAI and related viruses such as Newcastle disease. The authority conducts periodic reviews of the restricted list in line with evolving global health developments.
Full Ban on 40 Countries
The complete import prohibition applies to raw poultry and table eggs from the following 40 countries, including Ghana: Afghanistan, Azerbaijan, Germany, Indonesia, Iran, Bosnia and Herzegovina, Bulgaria, Bangladesh, Taiwan, Djibouti, South Africa, China, Iraq, Palestine, Vietnam, Cambodia, Kazakhstan, Cameroon, South Korea, North Korea, Laos, Libya, Myanmar, the United Kingdom, Egypt, Mexico, Mongolia, Nepal, Niger, Nigeria, India, Hong Kong, Japan, Burkina Faso, Sudan, Serbia, Slovenia, Ivory Coast (Côte d’Ivoire), and Montenegro.
Partial Restrictions on 16 Others
In addition, partial bans target specific provinces, states, or cities in 16 countries (including Australia, the United States, Italy, Belgium, Bhutan, Poland, Togo, Denmark, Romania, Zimbabwe, France, the Philippines, Canada, Malaysia, Austria, and the Democratic Republic of Congo), rather than nationwide prohibitions.
Exemptions and Compliance
The SFDA clarified that the ban does not apply to poultry meat and products that undergo sufficient heat treatment or other processing methods proven to eliminate avian influenza and Newcastle disease viruses. Such processed items may still be imported if they meet approved health requirements, certification standards, and specifications.
Impact on Ghana
Ghana’s inclusion on the list—alongside major economies like Germany, Japan, the UK, China, and India—highlights the non-discriminatory, risk-based nature of the SFDA’s approach. The Chamber of Agribusiness Ghana (CAG) responded by urging urgent action from government agencies, including the Food and Drugs Authority (FDA), Ghana Standards Authority (GSA), Veterinary Council, and Ministry of Food and Agriculture (MoFA), to strengthen regulatory infrastructure for animal health and food safety. CAG CEO Anthony Morrison noted that the ban underscores the need for world-class systems to maintain international market access and protect populations from preventable diseases.
This move aligns with Saudi Arabia’s broader strategy of continuous surveillance and adjustment to safeguard consumers, with no indication of targeted discrimination against any single nation.
Business
President Mahama Commissions New LPG Vessel MT Asharami Ghana to Enhance Ghana’s LPG Imports and Supply Reliability
President John Dramani Mahama has officially commissioned the MT Asharami Ghana, a new liquefied petroleum gas (LPG) carrier, expressing strong optimism that the vessel will enhance the safe and efficient transportation of LPG to Ghana and support the growing needs of businesses, households and industries across the country and West Africa.
Speaking at the commissioning ceremony—where a commemorative plaque was unveiled honouring his leadership and dedication to nation-building and international cooperation, including with the Republic of Korea—President Mahama highlighted LPG’s expanding role in Ghana’s energy mix. Ghana currently imports about half of its LPG requirements to meet domestic demand.
“Ghana imports 50 percent of our LPG requirements and so this vessel, MT Asharami Ghana, will strengthen our collective ability to transport LPG safely, efficiently and at scale. In doing so, it will help ensure that businesses, industries and households can depend on modern energy services that support economic growth and improve the quality of life of our citizens,” he said.

The President added that beyond Ghana’s borders, the vessel will contribute to improving access to cleaner and more reliable energy across the West African sub-region, supporting economic activity and enhancing quality of life for millions.
Vessel Capabilities and Expected Operations
The MT Asharami Ghana is a modern LPG carrier specifically designed to transport large volumes of liquefied petroleum gas safely across regional and international routes. Industry sources confirm the vessel features a storage capacity of several thousand cubic metres and is equipped with advanced safety systems and sophisticated cargo-handling technology.
These features will allow it to deliver LPG efficiently to coastal terminals throughout West Africa.
Benefits for Ghana
The commissioning arrives as LPG consumption in Ghana continues to climb, with national data showing annual usage between 350,000 and 400,000 tonnes.
Demand is rising steadily due to population growth, expanding industrial applications and government policies promoting LPG as a cleaner alternative to charcoal and firewood under the country’s energy transition and clean-cooking initiatives.
The new vessel is expected to deliver tangible gains including:
- Greater reliability and efficiency in LPG supply chains
- Reduced logistical bottlenecks in imports and distribution
- Strengthened national energy security
- Improved support for businesses, households and industries that rely on the fuel
- Positioning Ghana as a strategic hub for LPG supply within the West African energy market
President Mahama commended the leadership of Sahara Group, West African Gas Limited and their partners for this forward-looking investment.
He described the project as a powerful example of how innovation, investment and collaboration can bridge infrastructure gaps and unlock sustainable economic opportunities across Africa.
Overview of MT Asharami Ghana
This modern LPG carrier has a capacity of several thousand cubic meters and is equipped with advanced safety and cargo-handling systems for efficient delivery to coastal terminals in West Africa.
The vessel is expected to enhance Ghana’s LPG supply chains, reduce import bottlenecks, and support the country’s growing demand (over 350,000–400,000 tonnes annually) as part of its clean energy transition policies.
Other LPG Carriers Serving Ghana and the Region
Ghana does not own LPG carriers directly through government entities like Ghana National Gas Company, which focuses on onshore infrastructure such as pipelines and processing plants.
Instead, LPG transportation relies on private fleets, with the Sahara Group’s WAGL fleet being prominent. This fleet has been expanding to meet West African demand, including Ghana’s imports (which cover about 50% of domestic needs).
The Sahara Group/WAGL LPG fleet includes at least the following vessels (built progressively since 2017, with capacities ranging from 23,000 to 40,000 cubic meters):
- MT Africa Gas (commissioned 2017, serves West Africa, including deliveries to ports in the region).
- MT Sahara Gas (commissioned 2017, similar regional operations).
- MT BaruMK (or Barumk, commissioned around 2022, 23,000 cbm capacity, focused on West Africa).
- MT Sapet (commissioned around 2022, named after Sahara and Petroci, serves Cote d’Ivoire and broader West Africa).
- MT Iyaloja (Lagos) (commissioned August 2025, 40,000 cbm, expands capacity for West African deliveries).
MT Asharami Ghana is the latest addition (sixth in the fleet), specifically aimed at strengthening Ghana’s supply.
The entire fleet has delivered millions of tonnes of LPG across West Africa over the years, helping position Ghana as a regional hub.
Business
President Mahama’s Philadelphia Visit: Honorary Degree, Investment Talks, Ghana Goods Launch, and World Cup Warm-Up on the Horizon
Ghana’s President John Dramani Mahama is set to make a high-profile four-stop visit to Philadelphia starting March 27, blending academic honours, diplomatic engagement, business promotion, and community outreach in what officials describe as a mission with “real stakes” for Ghana-US economic and cultural ties.
The visit kicks off with President Mahama receiving an honorary doctorate from Lincoln University — the historic HBCU where Ghana’s founding father, Osagyefo Dr. Kwame Nkrumah, studied in 1939. The ceremony underscores the deep historical connections between Ghana and African-American educational institutions that shaped Pan-African leaders.
Later that day, the President will be presented with the International Statesperson Award by the World Affairs Council of Philadelphia during an event at the Ritz-Carlton, recognizing his leadership in advancing democratic governance, regional stability, and sustainable development across West Africa.
A key business-focused highlight will be a community investment dialogue hosted at Temple University’s Mazur Hall. The open forum will allow Philadelphia-based investors, entrepreneurs, and diaspora members to engage directly with Ghanaian officials on opportunities through the Ghana Investment Promotion Centre (GIPC).
Topics are expected to include incentives in agriculture, renewable energy, digital infrastructure, manufacturing, and the creative economy — sectors the Mahama administration has prioritized for foreign direct investment.
The day culminates in Southwest Philadelphia with the grand opening of a Ghana pop-up store at Brown’s ShopRite on Island Avenue. The initiative will place Made-in-Ghana products — ranging from cocoa-based goods and shea butter cosmetics to fashion accessories and packaged foods — directly on American supermarket shelves, aiming to boost exports, create visibility for Ghanaian brands, and strengthen diaspora consumer links.
Adding a cultural and sporting dimension to the visit’s legacy, Ghana’s national football team, the Black Stars, is scheduled to face Croatia in an international friendly at Lincoln Financial Field on June 27, 2026 — three months after the presidential trip. The match is already generating excitement among Philadelphia’s large Ghanaian community and football fans across the region.
Ghanaian officials say the multi-faceted Philadelphia program is designed to deepen people-to-people, academic, economic, and sporting ties between the two nations at a time when Ghana is aggressively courting diaspora and foreign investment to support its post-pandemic recovery and industrialisation agenda.
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