Ghana’s Media Coalition for Good Governance has backed Ibrahim Mahama and his company Engineers and Planners Limited over the takeover of the Damang Gold Mine, urging Ghanaians to resist what it described as politically motivated interference in a legitimate private sector success story.
The formal handover from Gold Fields Ghana took place on April 18, 2026, with Mahama committing to build an airport within six months, two hospitals and sports facilities across Damang and surrounding communities, while the parliamentary minority has petitioned CHRAJ alleging conflict of interest given that Mahama is the younger brother of President John Dramani Mahama, and questioned why E&P received the concession ahead of the other two shortlisted bidders.
The Minerals Commission has rejected the conflict-of-interest allegations, noting that E&P provided mining services for Gold Fields at Damang since 2004 and formally pursued the concession from September 2023, before President Mahama returned to office, while policy analyst Bright Simons has challenged the legality of gold sales before parliamentary ratification, and Ibrahim Mahama secured a $205 million syndicated loan from Stanbic Bank Ghana and Standard Bank of South Africa in February 2026 to support an asset that could produce up to 150,000 ounces of gold a year for nine more years with up to $600 million in capital investment.
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