Stanbic Bank Ghana leads USD 205 million financing deal for Engineers & Planners
Stanbic Bank Ghana Limited has successfully arranged a USD205 million senior secured term loan and revolving credit facilities for Engineers & Planners Company Limited (E&P), Ghana’s largest indigenous mining contractor.
The financing package, structured in collaboration with The Standard Bank of South Africa Limited, will support E&P’s long-term mining operations with Gold Fields Ghana Limited over a five-year period.
The facility is expected to strengthen local capacity within Ghana’s mining sector, a critical pillar of the country’s economic growth.
Ecobank Ghana PLC and Absa Bank Ghana LTD participated in the transaction as lending partners, reinforcing confidence in the deal and in E&P’s operational track record.
Stanbic Bank Ghana has maintained a longstanding relationship with Engineers & Planners spanning more than two decades. Over that period, the bank has arranged over USD450 million in financing facilities to support the company’s expansion and operational growth.
The latest transaction underscores Stanbic Bank’s continued commitment to supporting indigenous enterprises operating at international standards, while contributing to job creation, supply chain development, and sustainable national economic progress.
Source: Classfmonline.com/Cecil Mensah
Trending Business

SIC Insurance MD visits Aflao branch to strengthen regional operations
07:56
NPA dismisses LPG shortage claims, assures public of adequate supply
11:29
GFL welcomes Mahama’s assent to 24-Hour Economy Authority Bill
08:54
Power and water constraints threaten industrial expansion – Sam George calls for urgent intervention
17:02
TOR announces plans to boost output to 45,000 barrels per day
15:32
AGI warns water shortages threaten Ghana’s industrialisation drive
16:30
AGI warns Ghana's economy ‘not so robust’ despite stronger cedi
16:09
Stronger cedi not enough to force immediate price cuts: AGI President
16:03
TCDA eyes tree crops diversification for growth and job creation
01:23
Ghana retains global lead in GSMA 2025 Mobile Money Regulatory Index
13:59



