By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The High Street Journal
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
The High Street JournalThe High Street Journal
Search
  • HOME
  • BUSINESS & ECONOMY
  • NEWS & UPDATES
  • WORK & CAREERS
    • THSJ Resources
  • LEGAL INSIGHTS
  • INNOVATION
  • OPINIONS
  • #STOPGALAMSEY
Follow US
© 2024 | The High Street Journal. All Rights Reserved.
Business & Economy

Electrochem Ghana to Produce 100 Million Tonnes of Salt, Surpassing Ghana’s Annual Consumption

Electrochem Ghana will produce 100 million tonnes of salt biannually, exceeding Ghana’s annual consumption, promoting responsible mining, and supporting local miners through its Outgrower Scheme.

Stanley Senya
Sep 29, 2024

Electrochem Ghana, operator of the Ada Songhor Salt Project, is set to produce 100 million tonnes of salt every six months, far exceeding Ghana’s annual salt consumption of 600,000 metric tonnes.

Abdul Razak Adam, CEO of Electrochem Ghana, announced that the company could produce 500,000 metric tonnes of salt from the 2,000 acres allocated for the project, generating $100 million every six months. With each metric tonne valued at $200, this would translate to significant revenue and a surplus of salt for both local consumption and export.

Electrochem aims to support the local community through its Outgrower Scheme, which was launched to resolve disputes with local miners. Under this scheme, Electrochem grants local miners concessions to mine salt, with a guaranteed purchase agreement from the company. This initiative also promotes responsible mining and environmental sustainability, as Electrochem seeks to restore the Ada lagoon and Ramsar sites that were damaged by illegal mining activities.

Mr. Adam emphasized that the project is not just an economic opportunity, but also a commitment to environmental stewardship. By introducing sustainable salt mining methods, Electrochem aims to protect the ecosystem while fostering long-term benefits for the community.

Despite the backing of traditional authorities, some residents remain concerned about the impact on their livelihoods. However, the Outgrower Scheme, launched on August 26, 2024, seeks to address these concerns by involving local miners in the project and ensuring fair economic participation.

READ ALSO

Digital Chamber of Ghana
West African Mining Firms Unite to Strengthen Emergency Response and Protect Industry Investments
Will the 9% & 10% Pay Rise for Public Workers Automatically Enhance Purchasing Power? Finance Expert’s View
Ghana’s Silent Economic Drain: While 2 Million Youth are Idle, Others are Leaving Agriculture in Droves

Electrochem’s efforts to balance economic growth, environmental sustainability, and community inclusion could transform Ada into a hub for responsible salt production while contributing to Ghana’s broader economic landscape.

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading…

Related

Subscribe to Our Newsletter
Subscribe to our newsletter to get our newest articles instantly!
[mc4wp_form]
Share This Article
Facebook Whatsapp Whatsapp LinkedIn Email
Previous Article While Ghanaians Pay More Levies, Energy Sector Sinks 86% of All 2024 Financial Irregularities Businesses To Contend with Tariff Increases Amidst Dumsor
Next Article 34% Adults Over 18 Years Are Diagnosed With High Blood Pressure, Alarming For Ghanaian Citizens with Adverse Effects on Productivity
- Sponsored Content -
Ad imageAd image

LATEST NEWS

EOCO Demands Nine Years of Financial Records from Baffour Awuah’s Law Firm
EOCO Demands Nine Years of Financial Records from Baffour Awuah’s Law Firm
Legal Insights News
COMAC Pushes ECOWAS Digital Fuel Passport to Improve Petroleum Trade
News
AI Investment Concentrates in Mega-Projects as Broader Greenfield Activity Slows
AI Investment Concentrated in Mega-Projects as Broader Greenfield Activity Slows
Global Perspectives & Leisure Innovation
Renewable Energy Project Financing Falls 33% in Developing Economies
Renewable Energy Project Financing Falls 33% in Developing Economies
Global Perspectives & Leisure News
Ashanti and Greater Accra Account for 60% of Ghana’s October Inflation
News

You May Also Like

Bank of Ghana Calls for Policy Reset to Achieve Ambitious 11.9% Inflation Target

Ghanaians Are Regaining Confidence in the Economy—But Can the Momentum Hold?

Traditional Banks Cut Back on Secured Loans

Combating MoMo & Digital Fraud: Dr. Atuahene Makes 6 Strategic Proposals to BoG & Other Regulators

Delayed Fraud Detection Puts Ghana’s Digital Finance Growth at Risk

After Overtaking Ghana in Cocoa, Ivory Coast Launches Strategy to Overtake Ghana Again in Gold

After Overtaking Ghana in Cocoa, Ivory Coast Launches Strategy to Overtake Ghana Again in Gold

Gov’t to Disburse GHC 8.2bn to SMEs in First Phase of SME GO Programme

GSE Market Update: Indices Decline as MTN Ghana and NewGold (GLD) Face Losses

GSE Market Update: Indices Decline as MTN Ghana and NewGold (GLD) Face Losses

Ahead of 2026 Mid-Year Review, CUTS Int'l Calls for Expedited Reintroduction of Modernised Road Tolls

2025 Mid-Year Review: Prof Quartey Calls for Clarity & Transparency on Ghana’s Fiscal Health

Ibrahim Mahama Outlines Major Infrastructure Push Following Damang Takeover

FROM CONTRACTOR TO CHIEF: Can E&P Maintain the “Gold Standard” at Damang?

The High Street Journal

About Us

Delivering focused and insightful business perspectives; impacting lives.

Email: [email protected]

Useful Links

  • About
  • AI Strategy & Policy
  • Advertise
  • User Policy
  • Be a Guest Author
  • Contact Us
  • Sitemap

Stay Connected

© 2026 | The High Street Journal. All Rights Reserved.

Loading Comments...
%d