A dispute between Esianfua Royal Estate, a leading real estate developer in Mankessim, and Australian mining company Atlantic Lithium has escalated, following the repossession of land by the estate developer over what it describes as “failed promises and a breach of payment obligations.”
The land, located within the Mfantseman Municipality of Ghana’s Central Region, was reportedly allocated to Atlantic Lithium for development purposes. However, Esianfua Royal Estate says the company failed to honour financial commitments agreed upon more than two years ago.
In a statement issued by B.B. Simpson, Esq., legal counsel for Esianfua Royal Estate, the company confirmed that it has officially withdrawn from the deal, citing prolonged delays and lack of fulfilment by Atlantic Lithium.“We cannot continue this deal with Atlantic Lithium. They have disappointed us, and we cannot waste our land for them any longer,” the developer stated.
The development has stirred significant concern within the local community, with residents and stakeholders questioning the reputational impact of the dispute on Mankessim, Mfantseman, and the Central Region at large. Many have described the situation as regrettable and a setback for the region’s investment climate.
To provide clarity and chart a path forward, Esianfua Royal Estate has scheduled an emergency meeting with clients and stakeholders. The meeting is set to take place on Monday, 11 May 2025, at 9:00 AM at the company’s office in New Nkusukum, near Romowil School in Mankessim.
The agenda for the meeting includes:
- Details and implications of the land repossession
- Future development plans for the reclaimed land
- Addressing concerns of existing investors and clients
Roseford Advocates, the law firm representing Esianfua Royal Estate, has extended invitations to clients and media houses, urging all affected parties to attend for transparency and to seek common ground.
Community members are now closely monitoring the situation, with hopes that the meeting will lead to a resolution and the restoration of investor confidence in the area.