Omanghana
Engineers & Planners (E&P), the Ghanaian mining services company led by businessman Ibrahim Mahama, has secured a US$205 million financing facility to support the expansion of its long-term mining operations with Gold Fields Ghana. The financing agreement was finalized in late February 2026 and represents one of the largest funding packages ever secured by an indigenous mining services firm in Ghana.
The facility totals US$205 million and is structured as a five-year senior secured term loan combined with a revolving credit facility. The financing is divided into two tranches, consisting of US$110 million and US$95 million, respectively.
The deal was arranged by Stanbic Bank Ghana and Standard Bank Group, with additional participation from Ecobank Ghana and Absa Bank Ghana. The involvement of multiple financial institutions highlights growing investor confidence in the operational capacity of local mining service providers.
According to company officials, the funding will be used primarily to acquire new heavy-duty mining equipment and upgrade existing machinery to improve efficiency in hard-rock mining operations. The investment is expected to significantly strengthen E&P’s capacity to support large-scale extraction projects.
The expansion will focus on E&P’s contract mining operations at the Tarkwa and Damang mines, both operated by Gold Fields in Ghana’s Western Region. These mines are among the largest gold-producing sites in the country and play a major role in Ghana’s mining sector.
Industry observers say the financing marks a milestone for indigenous participation in Ghana’s mining value chain. By securing a facility of this size, Engineers & Planners is expected to further scale its operations and increase the role of local firms in large mining projects traditionally dominated by multinational contractors.
The expansion is also expected to drive workforce growth, with the company planning to recruit additional skilled workers and technical staff to meet rising production demands at the Tarkwa and Damang operations.
Source: Omanghana
