Stanbic Bank Ghana has led a major USD 205 million financing deal for Engineers & Planners Company Limited (E&P), Ghana’s largest indigenous mining contractor. This was announced around late February 2026 (with official releases dated February 26–27, 2026).
This is a secured term loan combined with revolving credit facilities, totaling USD 205 million.
Tranches: Split into two parts — USD 110 million and USD 95 million.
Details:
Tenure: Five years.
Lead Arrangers: Stanbic Bank Ghana LTD (primary lead) in collaboration with The Standard Bank of South Africa Limited.
Other Participants: Ecobank Ghana PLC and Absa Bank Ghana LTD joined as additional lending partners.
Purpose: To support E&P’s ongoing contract mining operations, especially its long-term hard-rock mining contract with Gold Fields Ghana Limited (at sites like Tarkwa). It will help scale operations, invest in equipment/efficiencies, deepen local capacity, create jobs, strengthen supply chains, and boost Ghana’s mining value chain and economy.
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Background: Stanbic has partnered with E&P for over two decades, having arranged more than USD 450 million in facilities to date. E&P, with over 25 years of experience and more than 4,000 employees, is owned by businessman Ibrahim Mahama and is a key player in Ghana’s mining sector.
This financing is seen as a boost for localization in Ghana’s mining industry (a major economic driver) and sustainable growth. Quotes from Stanbic highlight it as enabling E&P to scale while reinforcing the bank’s role in advancing indigenous businesses.