Latest news with #GovernmentofGhana
Yahoo
10-07-2025
- Business
- Yahoo
Azumah Resources: Committed to Ghana's Future
ACCRA, Ghana, July 08, 2025--(BUSINESS WIRE)--Azumah Resources Ghana Limited ("Azumah") is grateful to the Government of Ghana for ensuring that the rule of law has been fairly applied for many years in Ghana. We are confident that this Government will continue in that stead ensuring investors have confidence when investing in Ghana and ensure that they are not subject to arbitrary and unfair treatment. Azumah is focused on moving forward with the development of the Black Volta Gold Mine in the Upper West. John Mason, Spokesperson for Azumah Resources, reinforced Azumah's commitment to Ghana commenting that: "Azumah Resources is committed to ensuring this project benefits Ghanaians, led by Ghanaians, with partners who are willing and able to build with us. We have a duty to protect Ghana's resources for the benefit of all. This is about doing right by Ghana and Ghanaians. The claims made by E&P in the press are not supported by law or by fact. When we sought to maximise the involvement of Ghana companies, E&P offered to provide more than $250 million in funding but to date has only managed to provide $4m. We are very fortunate to have secured the financial support of international investors that have already developed more than $10 billion of mines globally and they will support the construction of this mine. We are eager to now bring in more money from reputable and hardworking, law abiding Ghana companies and investors that wish to be part of Ghana's next major gold mine. We will not be distracted by noise. We remain focused on lawful development, on transparency, and on building Ghana's future in partnership with the Government of Ghana and in the best interests of our people. We are grateful for the leadership and support of the Government, the Ministry of Lands and Natural Resources, the Minerals Commission and all regulatory authorities, and we stand ready to continue working with them to develop this project in a way that serves Ghana's national interest for generations to come." Rob Cicchini, Project Director, Azumah, explained that "The future of this project should be in the hands of those who can deliver—not those who cannot. A sale to E&P, without a demonstrated ability to fund the full development of the Black Volta Gold Project would not be in Ghana's national interest. Even if E&P could raise the funds to acquire the project, it has already demonstrated - over several years - that it does not have sufficient resources to fund the development. Without that funding, Ghana would suffer. Local communities would suffer. Jobs would be lost. Growth would stall. Azumah Resources is proud to assist the Government of Ghana in delivering real value for all Ghanaians." E&P has not made an Offer to Fund or Invest E&P has yet to provide any formal offer to Azumah either to assist in funding the Black Volta Mine or investing into Azumah. E&P does not own any shares in Azumah. We are very disappointed that E&P has made and continues to make a number of misleading public statements. Their statements are visible to mining companies around the world and severely impact upon their international standing as a Ghanaian company. With their reported availability of funds from international banks, Azumah looks forward with great interest to receiving any offer of funding from E&P. However, Azumah takes note of the comments made by E&P in the press and will consider these when evaluating any future potential transaction with E&P. Azumah's Position Azumah urges all regulators, financial institutions, potential investors, and the Ghanaian public to disregard this week's staged event and any related claims. The dispute between Azumah and E&P should be resolved through international arbitration and not through media stunts. We invite all stakeholders who require clarification or further information to contact Azumah Ghana directly. We remain fully available to our partners, regulators, and the public to provide accurate information. Azumah will pursue all available remedies in the arbitration and reserves all rights to protect its interests and the Black Volta Gold Project. View source version on Contacts For Media Enquiries, Please Contact: Priyanka DuttAccount Director,
Yahoo
08-07-2025
- Business
- Yahoo
Azumah Resources: Committed to Ghana's Future
ACCRA, Ghana, July 08, 2025--(BUSINESS WIRE)--Azumah Resources Ghana Limited ("Azumah") is grateful to the Government of Ghana for ensuring that the rule of law has been fairly applied for many years in Ghana. We are confident that this Government will continue in that stead ensuring investors have confidence when investing in Ghana and ensure that they are not subject to arbitrary and unfair treatment. Azumah is focused on moving forward with the development of the Black Volta Gold Mine in the Upper West. John Mason, Spokesperson for Azumah Resources, reinforced Azumah's commitment to Ghana commenting that: "Azumah Resources is committed to ensuring this project benefits Ghanaians, led by Ghanaians, with partners who are willing and able to build with us. We have a duty to protect Ghana's resources for the benefit of all. This is about doing right by Ghana and Ghanaians. The claims made by E&P in the press are not supported by law or by fact. When we sought to maximise the involvement of Ghana companies, E&P offered to provide more than $250 million in funding but to date has only managed to provide $4m. We are very fortunate to have secured the financial support of international investors that have already developed more than $10 billion of mines globally and they will support the construction of this mine. We are eager to now bring in more money from reputable and hardworking, law abiding Ghana companies and investors that wish to be part of Ghana's next major gold mine. We will not be distracted by noise. We remain focused on lawful development, on transparency, and on building Ghana's future in partnership with the Government of Ghana and in the best interests of our people. We are grateful for the leadership and support of the Government, the Ministry of Lands and Natural Resources, the Minerals Commission and all regulatory authorities, and we stand ready to continue working with them to develop this project in a way that serves Ghana's national interest for generations to come." Rob Cicchini, Project Director, Azumah, explained that "The future of this project should be in the hands of those who can deliver—not those who cannot. A sale to E&P, without a demonstrated ability to fund the full development of the Black Volta Gold Project would not be in Ghana's national interest. Even if E&P could raise the funds to acquire the project, it has already demonstrated - over several years - that it does not have sufficient resources to fund the development. Without that funding, Ghana would suffer. Local communities would suffer. Jobs would be lost. Growth would stall. Azumah Resources is proud to assist the Government of Ghana in delivering real value for all Ghanaians." E&P has not made an Offer to Fund or Invest E&P has yet to provide any formal offer to Azumah either to assist in funding the Black Volta Mine or investing into Azumah. E&P does not own any shares in Azumah. We are very disappointed that E&P has made and continues to make a number of misleading public statements. Their statements are visible to mining companies around the world and severely impact upon their international standing as a Ghanaian company. With their reported availability of funds from international banks, Azumah looks forward with great interest to receiving any offer of funding from E&P. However, Azumah takes note of the comments made by E&P in the press and will consider these when evaluating any future potential transaction with E&P. Azumah's Position Azumah urges all regulators, financial institutions, potential investors, and the Ghanaian public to disregard this week's staged event and any related claims. The dispute between Azumah and E&P should be resolved through international arbitration and not through media stunts. We invite all stakeholders who require clarification or further information to contact Azumah Ghana directly. We remain fully available to our partners, regulators, and the public to provide accurate information. Azumah will pursue all available remedies in the arbitration and reserves all rights to protect its interests and the Black Volta Gold Project. View source version on Contacts For Media Enquiries, Please Contact: Priyanka DuttAccount Director, Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-07-2025
- Business
- Business Wire
Azumah Resources: Committed to Ghana's Future
BUSINESS WIRE)--Azumah Resources Ghana Limited (' Azumah ') is grateful to the Government of Ghana for ensuring that the rule of law has been fairly applied for many years in Ghana. We are confident that this Government will continue in that stead ensuring investors have confidence when investing in Ghana and ensure that they are not subject to arbitrary and unfair treatment. Azumah is focused on moving forward with the development of the Black Volta Gold Mine in the Upper West. John Mason, Spokesperson for Azumah Resources, reinforced Azumah's commitment to Ghana commenting that: ' Azumah Resources is committed to ensuring this project benefits Ghanaians, led by Ghanaians, with partners who are willing and able to build with us. We have a duty to protect Ghana's resources for the benefit of all. This is about doing right by Ghana and Ghanaians. The claims made by E&P in the press are not supported by law or by fact. When we sought to maximise the involvement of Ghana companies, E&P offered to provide more than $250 million in funding but to date has only managed to provide $4m. We are very fortunate to have secured the financial support of international investors that have already developed more than $10 billion of mines globally and they will support the construction of this mine. We are eager to now bring in more money from reputable and hardworking, law abiding Ghana companies and investors that wish to be part of Ghana's next major gold mine. We will not be distracted by noise. We remain focused on lawful development, on transparency, and on building Ghana's future in partnership with the Government of Ghana and in the best interests of our people. We are grateful for the leadership and support of the Government, the Ministry of Lands and Natural Resources, the Minerals Commission and all regulatory authorities, and we stand ready to continue working with them to develop this project in a way that serves Ghana's national interest for generations to come.' Rob Cicchini, Project Director, Azumah, explained that ' The future of this project should be in the hands of those who can deliver—not those who cannot. A sale to E&P, without a demonstrated ability to fund the full development of the Black Volta Gold Project would not be in Ghana's national interest. Even if E&P could raise the funds to acquire the project, it has already demonstrated - over several years - that it does not have sufficient resources to fund the development. Without that funding, Ghana would suffer. Local communities would suffer. Jobs would be lost. Growth would stall. Azumah Resources is proud to assist the Government of Ghana in delivering real value for all Ghanaians. ' E&P has not made an Offer to Fund or Invest E&P has yet to provide any formal offer to Azumah either to assist in funding the Black Volta Mine or investing into Azumah. E&P does not own any shares in Azumah. We are very disappointed that E&P has made and continues to make a number of misleading public statements. Their statements are visible to mining companies around the world and severely impact upon their international standing as a Ghanaian company. With their reported availability of funds from international banks, Azumah looks forward with great interest to receiving any offer of funding from E&P. However, Azumah takes note of the comments made by E&P in the press and will consider these when evaluating any future potential transaction with E&P. Azumah's Position Azumah urges all regulators, financial institutions, potential investors, and the Ghanaian public to disregard this week's staged event and any related claims. The dispute between Azumah and E&P should be resolved through international arbitration and not through media stunts. We invite all stakeholders who require clarification or further information to contact Azumah Ghana directly. We remain fully available to our partners, regulators, and the public to provide accurate information. Azumah will pursue all available remedies in the arbitration and reserves all rights to protect its interests and the Black Volta Gold Project.
India Gazette
03-07-2025
- Politics
- India Gazette
"Matter of immense pride":PM Modi conferred with Ghana's highest
Accra (Ghana), July 3 (ANI): Prime Minister Narendra Modi was conferred with The Officer of the Order of the Star of Ghana, the country's highest civilian honour, by President John Mahama on Wednesday (local time). PM Modi thanked the Ghanaian President for the honour and called it a 'matter of immense pride'. 'It is a matter of immense pride and honour for me to be conferred with Ghana's highest honour... I express my deep gratitude to President Mahama, the Government of Ghana and the people of Ghana. I humbly accept this honour on behalf of 1.4 billion Indians,' PM Modi said. He said he dedicated the award to the youth of both countries. 'I dedicate this award to the aspirations of our youth, their bright future, our rich cultural diversity and traditions and the historic ties between India and Ghana,' he said. The award was presented during PM Modi's visit to Ghana, the first by an Indian Prime Minister in more than 30 years. Earlier in the day, PM Modi held talks with President Mahama, during which the two leaders agreed to elevate their relationship to a 'Comprehensive Partnership'. As part of this decision, both countries will increase cooperation in defence and security under the principle of 'Security through Solidarity'. PM Modi described India as a 'co-traveller' in Ghana's journey toward 'nation-building'. 'The President and I have agreed to elevate our bilateral relationship to the level of a 'Comprehensive Partnership.' India is more than just a partner; it stands as a co-traveller in Ghana's journey toward nation-building,' he said. 'In the defence and security sector, we will progress with the guiding principle of 'Security through Solidarity.' Collaboration will be strengthened in key areas such as armed forces training, maritime security, defence supply chains, and cybersecurity,' he added during the joint press briefing. As part of the new partnership, PM Modi announced that India will set up a Skill Development Centre for vocational education and support Ghana's 'Feed Ghana' programme. 'Today, we have decided to double the ITEC and ICCR scholarships for Ghana. Work will be done to establish a Skill Development Centre for vocational education of youth,' PM Modi said. 'In the agricultural sector, we would be happy to cooperate with President Mahama's 'Feed Ghana' program. Through Jan Aushadhi Kendra, India proposes to provide 'affordable healthcare, reliable care' to the citizens of Ghana. We discussed cooperation in vaccine production,' he added. PM Modi said India also plans to double trade with Ghana over the next five years and share its digital payments platform, Bharat UPI. 'We have decided to double our trade within the next 5 years. In the area of FinTech, Bharat UPI will share the digital payment experience with Ghana,' he said. He also stressed the need for closer cooperation in counter-terrorism efforts. 'We stand united in recognising terrorism as a grave threat to humanity. We extend our heartfelt gratitude to Ghana for its valuable cooperation in the fight against terrorism. In this regard, we have resolved to further enhance our mutual collaboration in counter-terrorism efforts,' he said. President Mahama welcomed PM Modi to Ghana and said the visit reflected the strong historical relationship between the two countries. 'This visit is a testament to the deep rooted historical ties between Ghana and India founded on the visionary leadership of Ghana's first President Kwame Nkrumah and India's former Prime Minister Pandit Jawaharlal Nehru, as well as the ever-growing bonds of friendship and cooperation that exist between our two sisterly countries for the mutual benefit of our people,' he said. He said the discussions covered key sectors including agriculture, energy, manufacturing, infrastructure, healthcare, and human resources. This is the first visit by an Indian Prime Minister to Ghana in over three decades. The trip is expected to deepen the India-Ghana partnership and reflects New Delhi's continued commitment to Africa and the Global South. (ANI)
India Gazette
03-07-2025
- Politics
- India Gazette
"Matter of immense pride", PM Modi conferred with Ghana's highest
Accra (Ghana), July 3 (ANI): Prime Minister Narendra Modi was conferred with The Officer of the Order of the Star of Ghana, the country's highest civilian honour, by President John Mahama on Wednesday (local time). PM Modi thanked the Ghanaian President for the honour and called it a 'matter of immense pride'. 'It is a matter of immense pride and honour for me to be conferred with Ghana's highest order... I express my deep gratitude to President Mahama, the Government of Ghana and the people of Ghana. I humbly accept this honour on behalf of 1.4 billion Indians,' PM Modi said. He said he dedicated the award to the youth of both countries. 'I dedicate this award to the aspirations of our youth, their bright future, our rich cultural diversity and traditions and the historic ties between India and Ghana,' he said. The award was presented during PM Modi's visit to Ghana, the first by an Indian Prime Minister in more than 30 years. Earlier in the day, PM Modi held talks with President Mahama, during which the two leaders agreed to elevate their relationship to a 'Comprehensive Partnership'. As part of this decision, both countries will increase cooperation in defence and security under the principle of 'Security through Solidarity'. PM Modi described India as a 'co-traveller' in Ghana's journey toward 'nation-building'. 'The President and I have agreed to elevate our bilateral relationship to the level of a 'Comprehensive Partnership.' India is more than just a partner; it stands as a co-traveller in Ghana's journey toward nation-building,' he said. 'In the defence and security sector, we will progress with the guiding principle of 'Security through Solidarity.' Collaboration will be strengthened in key areas such as armed forces training, maritime security, defence supply chains, and cybersecurity,' he added during the joint press briefing. As part of the new partnership, PM Modi announced that India will set up a Skill Development Centre for vocational education and support Ghana's 'Feed Ghana' programme. 'Today, we have decided to double the ITEC and ICCR scholarships for Ghana. Work will be done to establish a Skill Development Centre for vocational education of youth,' PM Modi said. 'In the agricultural sector, we would be happy to cooperate with President Mahama's 'Feed Ghana' program. Through Jan Aushadhi Kendra, India proposes to provide 'affordable healthcare, reliable care' to the citizens of Ghana. We discussed cooperation in vaccine production,' he added. PM Modi said India also plans to double trade with Ghana over the next five years and share its digital payments platform, Bharat UPI. 'We have decided to double our trade within the next 5 years. In the area of FinTech, Bharat UPI will share the digital payment experience with Ghana,' he said. He also stressed the need for closer cooperation in counter-terrorism efforts. 'We stand united in recognising terrorism as a grave threat to humanity. We extend our heartfelt gratitude to Ghana for its valuable cooperation in the fight against terrorism. In this regard, we have resolved to further enhance our mutual collaboration in counter-terrorism efforts,' he said. President Mahama welcomed PM Modi to Ghana and said the visit reflected the strong historical relationship between the two countries. 'This visit is a testament to the deep rooted historical ties between Ghana and India founded on the visionary leadership of Ghana's first President Kwame Nkrumah and India's former Prime Minister Pandit Jawaharlal Nehru, as well as the ever-growing bonds of friendship and cooperation that exist between our two sisterly countries for the mutual benefit of our people,' he said. He said the discussions covered key sectors including agriculture, energy, manufacturing, infrastructure, healthcare, and human resources. This is the first visit by an Indian Prime Minister to Ghana in over three decades. The trip is expected to deepen the India-Ghana partnership and reflects New Delhi's continued commitment to Africa and the Global South. (ANI)
