NPP approved Ibrahim Mahama’s company for Damang mine takeover before election 2024

Ibrahim Mahama’s company, Engineers & Planners, secured official approval from the previous New Patriotic Party (NPP) government to pursue the takeover of the Damang Mine before the 2024 general elections, industry sources have revealed.

Documents reviewed by the sector show that in March 2024, the then Minister for Lands and Natural Resources, Samuel Abu Jinapor, issued a No Objection Letter to Engineers & Planners. The clearance allowed the company to formally engage Gold Fields Ghana on the acquisition of the Damang concession.

The move followed Gold Fields’ announcement of its intention to exit the mine, prompting regulators and potential operators to coordinate a transition aimed at maintaining uninterrupted operations.

Industry analysts emphasise that the approval timeline is critical. A mining governance expert noted that since the clearance was granted under the previous administration, it reflects a commercial and operational decision rather than political interference.

Sources further indicate that Engineers & Planners began consultations with key stakeholders as early as 2023. This underscores that the process has been driven by business and operational considerations over time.

Legal experts point out that mining lease transitions in Ghana are regulated to protect jobs, revenue, and sector stability. A legal practitioner familiar with mining agreements explained that allowing a major mine to close without a planned takeover would have serious economic repercussions, making government intervention necessary.

Checks within the sector suggest that employees, contractors, and suppliers connected to the Damang Mine have long been aware of the planned transition. Preparations are underway to ensure that operations continue smoothly beyond April 2026.

The development has also reignited discussions about empowering indigenous companies in Ghana’s mining sector. Advocates argue that enabling local firms like Engineers & Planners to operate major mines is a step toward increasing Ghanaian participation in natural resource ownership.

Industry observers add that the issue extends beyond Damang, raising broader questions about whether Ghana is prepared to support local companies to manage large-scale mining operations.

With the approval dating back to the NPP government, focus is gradually shifting from political narratives to policy consistency and the long-term national interest.