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Ted News Ghana Blog of Sunday, 23 March 2025
Source: TEDDY VAVA GAWUGA
Electrochem Ghana Limited is making significant progress on its $500 million integrated salt project in Ada, aiming to boost Ghana’s salt production to between three and five million tonnes annually by 2027.
Despite setbacks, including a $20 million loss from a recent attack, the company remains committed to completing the ambitious project.
So far, $120 million has been invested in salt works, laying the foundation for raw salt production. Additionally, construction is underway on:
A $40 million salt refinery with a 100-metric-tonne daily processing capacity.
$85 million worth of chemical plants for caustic soda and bromine production.
Beyond production, Electrochem plans to establish an industrial park to attract manufacturers that rely on salt-based raw materials, such as a P.O.P cement plant. The company is also considering a university dedicated to industry research and workforce training.
Plans for a Port to Improve Logistics
Given the high production targets, CEO of McDan Group, Kwaku Ampromfi, emphasized that road transport alone is not sustainable for moving such large volumes. To address this, Electrochem will invest $100 million in building a port to facilitate efficient transportation.
“Transporting three to five million tonnes of salt by road is neither safe nor economical. We plan to build a port at a cost of about $100 million to handle this volume,” Ampromfi stated.
MIIF’s Investment and Listing Plans
The Minerals Income Investment Fund (MIIF) has reinforced its support for Electrochem by making a GH¢365 million equity investment in the company. A key condition of this investment requires Electrochem to be listed on the Ghana Stock Exchange within three years.
However, this process has faced delays due to the lack of a Securities and Exchange Commission (SEC) board since August 2024.
With multiple projects already underway, Electrochem remains confident that its full investment plan will materialize within the next two years.
