Electrochem Ghana Limited (EGL), a subsidiary of McDan Group Limited, is preparing to go public by listing on the Ghana stock market, according to McDan Group CEO, Kwaku Ampromfi.
Speaking on Monday, August 26, during the launch of an out-growers scheme and land allocation ceremony at the Ada Songhor Enclave, Ampromfi revealed that the company aims to open up ownership to the public as part of its expansion strategy.
“We’re going on the stock market. We’ll be listing very soon, hopefully this year, if not early next year,” Ampromfi told members of the Parliamentary Press Corps (PPC).
He explained that the move is intended to make Electrochem a company that belongs to everyone, not just its current shareholders.
Since taking over its concession in January 2021, Electrochem has operated on three key pillars: community engagement, environmental sustainability, and producing world-class salt.
Ampromfi emphasized that the company has prioritized inclusivity with the local community, challenging any misconceptions to the contrary.
“Our mining is sustainable and environmentally friendly. We also strive to produce the highest quality salt available on the market,” he said. Ampromfi assured that Electrochem’s products not only meet but exceed global standards.
The company is on a strong growth trajectory, with significant developments on the horizon.
Ampromfi underscored the company’s commitment to transparency and openness, praising the role of EGL CEO Abdul Razak in driving success.
He expressed gratitude for the ongoing support from stakeholders, including the media.
“We want this to be a success story, not just for a few people, but for everybody—Ghanaians and all Africans,” Ampromfi stated, encouraging public participation in Electrochem’s growth story as the company expands its operations.