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Ghana president's brother maneuvers to seize big gold project
By Jonathan Clayton
MiningMX, Rivonia, South Africa
Wednesday, July 15, 2026
A company owned by the billionaire brother of Ghana's president is accused of waging a campaign of "industrial espionage" to seize a major gold project from international investors, according to allegations supported by leaked emails seen by Miningmx.
The emails, which have been reviewed by this publication, appear to show regular communication between Ghanaian directors of Azumah Resources, the company's legal adviser, executives of Engineers and Planners Ltd. (E&P), and a director of South African mining giant Gold Fields during a battle for control of the Black Volta gold project, widely regarded as one of the most significant undeveloped gold projects in West Africa.
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James Wallbank, managing partner of Ibaera Capital, the international private equity firm behind the investment, alleged that the correspondence revealed a concerted effort to undermine existing shareholders and paved the way for E&P, the mining firm owned by Ibrahim Mahama, the brother of President John Mahama, to take control of an investment he values at approximately $250 million. ...
... For the remainder of the report:
https://www.miningmx.com/top-story/65902-ghana-presidents-brother-accused-in-250m-gold-row/
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