Azumah Resources Ghana Limited has called on regulators, financial institutions, potential investors, and the Ghanaian public to disregard what it describes as a "staged" signing ceremony between Engineers & Planners (E&P) and the ECOWAS Bank for Investment and Development (EBID), held on Monday July 7 to publicise a $100 million facility for the Black Volta Gold Project.
This follows the controversy surrounding the acquisition of the Black Volta Gold Project.
In a statement released on Tuesday, July 8, Azumah said the dispute between it and E&P is subject to international arbitration and should not be influenced by public relations campaigns or media events. "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.
