{"id":117410,"date":"2026-03-01T10:34:39","date_gmt":"2026-03-01T10:34:39","guid":{"rendered":"https:\/\/sotnews.agency\/?p=117410"},"modified":"2026-03-01T10:34:39","modified_gmt":"2026-03-01T10:34:39","slug":"stanbic-bank-ghana-leads-205m-financing-for-engineers-planners","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=117410","title":{"rendered":"
Stanbic Bank Ghana leads $205m financing for Engineers & Planners<\/div>"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 59 Second <\/div>\n\n <\/div>
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Stanbic Bank Ghana Ltd and The Standard Bank of South Africa Limited have successfully arranged a $205 million senior secured term loan and revolving credit facilities for Engineers & Planners Company Limited (E&P), Ghana\u2019s largest indigenous mining contractor.<\/p>\n

The five-year facilities, structured in two tranches ($110 million and $95 million), will support E&P\u2019s ongoing contract mining operations, particularly its long-term engagement with Gold Fields Ghana Limited (Gold Fields Ghana). <\/p>\n

Ecobank Ghana PLC and Absa Bank Ghana LTD participated as key lending partners, underscoring strong collaboration within Ghana\u2019s banking sector to mobilise capital at scale.<\/p>\n

\"Stanbic<\/figure>\n

With over 25 years of operational excellence and more than 4,000 employees, E&P has established itself as a critical player in Ghana\u2019s mining value chain. <\/p>\n

The financing strengthens the company\u2019s capacity to execute large-scale hard-rock mining contracts with Gold Fields Ghana and to invest in and deepen operational efficiencies on the contract.<\/p>\n

At a brief signing ceremony in Accra, Kwamina Asomaning, Chief Executive of Stanbic Bank Ghana, stated: \u201cOur relationship with E&P spans more than two decades, built on trust and shared ambition. <\/p>\n

\u201cThis transaction is a strong statement of our continued commitment to supporting indigenous Ghanaian enterprises that operate at global standards.<\/p>\n

\"Stanbic<\/figure>\n

\u201cBy structuring and mobilising the $205 million facility, we are not only enabling Engineers & Planners to scale its operations but also reinforcing Stanbic Bank\u2019s role as a long-term partner in advancing localisation, strengthening Ghana\u2019s mining value chain, and driving sustainable growth across the broader economy.\u201d<\/p>\n

Ibrahim Mahama, Chief Executive Officer of E&P, said: \u201cThe partnership between E&P and Stanbic Bank has been a longstanding, fruitful relationship, and this facility marks an important milestone in our growth journey as a proudly Ghanaian company. <\/p>\n

\u201cIt strengthens our capacity to deliver on large-scale mining contracts to the highest global standards, while deepening local participation in the sector. <\/p>\n

\"Stanbic<\/figure>\n

\u201cWe are grateful to Stanbic Bank, Standard Bank, and our lending partners for their confidence in our vision and for supporting indigenous excellence.\u201d<\/p>\n

Beyond industry growth, the facility is expected to drive broader economic impact through sustained job creation, enhanced local participation in mining, increased supply chain activity, and strengthened foreign exchange inflows.<\/p>\n

To date, Stanbic Bank Ghana and Standard Bank South Africa Limited have successfully arranged facilities for Engineers & Planners in excess of $450 million.<\/p>\n<\/div>\n

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Stanbic Bank Ghana Ltd and The Standard Bank of South Africa Limited have successfully arranged a $205 million senior secured term loan and revolving credit facilities for Engineers & Planners Company Limited (E&P), Ghana\u2019s largest indigenous mining contractor.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1904,2231,1883,10,9,4574],"tags":[],"class_list":["post-117410","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-engineers-planners","category-national","category-politics","category-popular","category-stanbic-bank-ghana"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/117410","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117410"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/117410\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117410"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117410"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117410"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}