The long-running dispute between Azumah Resources Limited and E&P Limited over the Black Volta Gold Project has taken a new turn, a turn towards an amicable resolution of the long-standing impasse.
A high-level source has revealed to The High Street Journal that President John Mahama has personally stepped in to resolve the issues between the two companies.
According to a number of sources, significant progress has already been made through behind-the-scenes engagements, raising hopes that the stalemate would be resolved.
This further gives hope that the feud, which has sparked legal battles and sharp exchanges between the two companies, may finally be nearing resolution.
Experts have indicated that the Black Volta Gold Project is considered a strategic national asset with the potential to generate jobs, foreign exchange, and investor confidence in Ghana’s mining sector.
The impasse, left unresolved, risks stalling development, eroding trust in regulatory processes, and scaring away potential investors.
By stepping in, the President signals the government’s commitment to protecting both Ghanaian and foreign investment interests while safeguarding the stability of the mining industry.
It is anticipated that the President’s intervention will fast-track a resolution and avoid protracted litigation in local and international courts.
This will also stabilize investor confidence in Ghana’s mining sector while protecting jobs and preventing the disruptions at the Black Volta Project site.
For now, the sources say the details of the ongoing negotiations remain under wraps; however, the dialogue is constructive.
Both Azumah Resources and E&P Limited are said to be showing good cooperation after a series of media banters.
