Stanbic Bank Ghana arranges USD205m facility to boost local mining giant, Engineers and planners

In a significant move for Ghana’s financial and mining sectors, Stanbic Bank Ghana Ltd has successfully arranged a landmark USD205 million financing package for Engineers & Planners Company Limited (E&P), the nation’s largest indigenous mining contractor.

The transaction, a five-year senior secured term loan and revolving credit facilities, was arranged in collaboration with The Standard Bank of South Africa Limited. Ecobank Ghana PLC and Absa Bank Ghana LTD also joined the syndicate as key lending partners. The funds are designated to underpin E&P’s long-term mining services contract with Gold Fields Ghana Limited, reinforcing the contractor’s operational capacity and stability.

This strategic injection of capital is poised to strengthen local content within Ghana’s mining sector, an industry vital to the country’s economic trajectory. By bolstering E&P’s ability to operate at a global scale, the deal is expected to have positive ripple effects across the local supply chain and contribute to sustained job creation.

“We have partnered with Engineers & Planners on their growth journey for over two decades, having arranged in excess of USD450 million in facilities for them to date,” said a representative from Stanbic Bank Ghana. “This latest transaction underscores our unwavering commitment to backing indigenous Ghanaian enterprises that operate at international standards. Supporting sustainable economic progress remains at the core of our mandate.”

The deal highlights the growing confidence of international and local financial institutions in Ghanaian-owned companies capable of delivering world-class services in capital-intensive industries.