“He Gave Me a Note”: Ibrahim Mahama Thanks Akufo-Addo for His Role in Securing Damang Mine Takeover
- Ibrahim Mahama, the founder of Engineers & Planners, thanked former President Akufo-Addo for facilitating the Damang Mine takeover
- Addressing the gathering at the official takeover of the mines concession, Ibrahim Mahama shared the role Akufo-Addo played in securing the mine
- President Mahama's brother also narrated how Engineers & Planners conducted thorough assessments before securing the mine concession
Ibrahim Mahama, the Chief Executive Officer of Engineers & Planners, expressed his profound gratitude to former President Nana Addo Dankwa Akufo-Addo for the role he played in the company's takeover of the Damang Mine in the Western Region.
President Mahama's brother was speaking during the official takeover ceremony of the mine concession held at Damang on Saturday, April 18, 2026.
Source: Facebook
Ibrahim Mahama spoke about the long process leading to the transition of the mine from Gold Fields Ghana Limited to Engineers & Planners.
He recounted that the transition started after Gold Fields stated its intention to end operations in 2022. They then started a structured handover process.
Ibrahim Mahama added that the government was helpful during the negotiations between him and Gold Fields. He stated that ex-President Akufo-Addo's decisive role in the process helped his course.
"I went there, and I must thank our former President. He gave me a document to sit with Gold Fields, negotiate, and keep the mine going."
He indicated that the outcome was not only a commercial arrangement but part of a broader effort to demonstrate Ghanaian capacity in large-scale mining operations.
"So I engaged the government and told them that mining is not just buying equipment and working in there. It is the key people that you need to put together."
He added that his company did a detailed technical and financial assessment before securing the concession, including a bankable study and financing arrangements with international and local banks.
“We did a bankable study. We looked at it and noticed that we could do it. We approached a few of the banks in here. One has given us 650 million, another 600 million,” he noted.
Watch the Facebook video below:
Reactions to Akufo-Addo's support to Ibrahim Mahama
YEN.com.gh collated some reactions to the video shared by Ebenezer Afanyi Dadzie on Facebook. Read them below:
Asare Kwarteng said:
"A thoroughbred businessman, very strategic. We could have leveraged his rich experience in mining to set up small mining firms to do proper and environmentally friendly small scale mining in order to stop."
Qwesi Brown wrote:
"So after hearing that Nana Addo gave him the document of credence, what will these people say again?"
Musah Ali Konne said:
"Does it mean that Nana Addo's party people didn't know about this support?"
Don Nell Erosion wrote:
"What I can say after watching this video is that this is very beautiful and I pray God help him to succeed and makes all his plans a reality. Ones again this is beautiful."
Rustum Senorgbe said:
"The big boys know the game and foot soldiers know..."
Source: UGC
Dr Cadman Atta-Mills questions acquisition of Damang Mine
Earlier, YEN.com.gh reported that Dr Cadman Atta Mills has raised concerns over Engineers and Planners’ (E&P) acquisition of the Damang Mine.
He argued that private companies operate globally and should not be defined by nationality.
The economist cautioned that Ghanaian ownership does not necessarily guarantee greater national benefits.
Source: YEN.com.gh
