• About Us
  • Privacy Policy
  • Contact Us
Saturday, June 14, 2025
MyPublisher24
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions
No Result
View All Result
Morning News
No Result
View All Result
Home Business

Electrochem Ghana Limited invests over USD$88 million in Songor Lagoon

Osumanu Al-Hassan by Osumanu Al-Hassan
March 21, 2024
in Business
0
Electrochem Ghana
0
SHARES
68
VIEWS
Share on FacebookShare on TwitterWhatsapp

 

Electrochem Ghana Limited (EGL), a subsidiary of McDan Group, says it has over the past three years invested more than US$88 million in the Songor Lagoon Salt Project.

READ ALSO

BoG’s cocoa reserve use dangerous precedent — Banking expert

CPI eases to 18.4% in May as Cedi gains, fiscal measures drive stability

The investment was towards the establishment of a commercial salt production complex in Ada to create job opportunities for residents.

Mr. Razak Adams, the Chief Executive Officer of EGL, disclosed this at a meeting with the Ada Traditional Council, and said the company had so far created over 70 community pans to be tripled over the years, to ensure that salt mining was done at least three times a year in the area.

He said less than five percent of the potential of the lagoon had been met, adding the company has the capacity and capability to make it a financial hub for Ghana and Africa at large.

He debunked assertions that Electrochem wants to monopolise salt mining operations in Ada, stating that they were aware that salt mining was a traditional work of the people of Ada for many generations, hence their resolve to include them in the project to sustain their source of livelihood.

The CEO gave the assurance that it would continue with its plans to revamp the lagoon to a standard that would provide wealth for Ada.

Mr Adams said the company could produce two million metric tonnes of salt annually, adding that it is upgrading its crystallizers and expanding its operation from Ada West to Ada East.

He stated, however, that even though the company had all the required documents to operate in the lagoon, it still needed the support and blessings of the traditional council and the people of Ada to operate in a peaceful atmosphere, hence the need to keep the traditional authorities updated. 

“We realised that the community is sitting on wealth, but the wealth is not being properly harnessed, so EGL needs your blessings to make sure Songor becomes the number one salt mining area in Africa,” he emphasised. 

The Electrochem CEO also revealed that the company had acquired additional space for the construction of a harbour in Ada for easy transportation of the salt.

Mr. Adams said the GHs3 million grant the company provided for businesswomen in Ada would be expanded to GHs10 million and encouraged beneficiaries of the first tranche to invest in their businesses and payback for it to keep rolling.

He appealed to the Ada Traditional Council to help fight poverty among the people by collaborating with the company through advice and support to help them create meaningful and respectful job opportunities for the youth while achieving its goal of making Ghana the largest producer and exporter of salt in Africa and beyond.

He complained that “Atsiakpo (illegal salt mining) practitioners are still endangering the development of the lagoon with their practice.

“Our staff has been attacked, brutalised, and injured; our machines have been burned and some vandalised, and we know you as chiefs are not in support of that, so we want you to intervene. Identify them and isolate them,” he appealed.

Nene Agudey Obitchere III, sitting in for Nene Abram Kabu Akuaku III, the Paramount Chief of Ada, thanked the company for the tremendous transformation of the Songor Lagoon.

He gave an assurance that the company’s message would duly be laid before the Paramount Chief for advice on how to collaborate to make the project successful.

GNA

Tags: Electrochem Ghana

Related Posts

Cocoa,Dr. Richmond Atuahene,BoG,
Business

BoG’s cocoa reserve use dangerous precedent — Banking expert

June 10, 2025
Business

CPI eases to 18.4% in May as Cedi gains, fiscal measures drive stability

June 8, 2025
Rektron Group
Business

Canada’s Rektron Group to acquire 60% Stake in AT Ghana

June 5, 2025
remittance, end-year cedi , $370m IMF disbursement, Effia MP, major currencies
Business

BoG moves to block leakages in remittance inflows as part of measures to stabilise cedi

June 5, 2025
remittance, end-year cedi , $370m IMF disbursement, Effia MP, major currencies
Business

Fitch revises end-year cedi projection to GH₵13 per dollar

June 2, 2025
gold output
Business

Ghana gold output could rise 6.25% to 5.1 million ounces in 2025

June 2, 2025
Next Post
beneficiary communities

Support contractors to deliver quality work - Roads Minister to beneficiary communities

POPULAR NEWS

Lighthouse chapel

Lighthouse Chapel Case: 6 Ex-Pastors Demand $12 Million Settlement

April 30, 2023
aircraft

Light House Brouhaha: Kofi Bentil Exposed Over $12M Settlement Deal

April 24, 2023
SSNIT Exonerates Lighthouse; Six Renegade EX-Pastors Shamed

SSNIT Exonerates Lighthouse; Six Renegade EX-Pastors Shamed

April 24, 2023
Kwaku Azar writes: Until a prima facie case is established

Akufo-Addo Nominates Gertrude Torkornoo As New Chief Justice

June 12, 2025
Lighthouse Brouhaha: Larry Odonkor charged with Stealing

Lighthouse Brouhaha: Larry Odonkor charged with Stealing

April 24, 2023

EDITOR'S PICK

NPP Begs Akufo-Addo…Retire  Hackman,Bartels ,K.K.Sarpong & CO

NPP Begs Akufo-Addo…Retire Hackman,Bartels ,K.K.Sarpong & CO

March 29, 2021
Weather update: Rainstorm over eastern gulf heading for Accra, others

2 rainstorms to hit Greater Accra, Volta, Western and Northern regions today

June 10, 2022
Attorney General, Human Rights, has reduced, Former head, state has

High Court sets former NSB Boss’ bail to GHS80m

March 28, 2025
Election 2024

Former President Mahama donates building materials to Derma Community School  

November 8, 2024

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Important Links

  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions

Recent Posts

  • Mustapha Ussif denies wrongdoing in NSS scandal
  • Saturday June 14 2025 Newspaper Headlines
  • CLOGSAG gives gov’t two-week ultimatum over salary structure implementation
  • Nurses and Midwives call off nationwide strike

Archives

  • About
  • Privacy Policy
  • Terms of Use

© 2025 mypublisher24 - All rights reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Sports
  • Crime
  • Health
  • World News
  • Features & Opinions

© 2025 mypublisher24 - All rights reserved.