Electrochem Ghana Limited – an indigenous Ghanaian Company and subsidiary of McDan Group of Companies, and the managers of the Songor Salt Project in Ada in the Greater Accra Region is set to create about 2000 direct jobs to the youth in the area.
The state also stands to earn an average of $15 million in corporate taxes per annum and more than $150 million in the next 10 years thereby. It is also expected to reduce the imports of salts and chlor-alkali and significantly boost the country’s foreign exchange earnings.
The salt production will consequently lead to the payment of over $3 million as royalties annually to stakeholders of the salt project and will also place Ghana at a competitive edge at the global market level in the salt value chain at a total production value of 1,000,000 amount per annum.
Executive Chairman of McDan Group, Dr. Daniel McKorley – the sole Ghanaian investor of the Songor Salt Project under the auspices of the Ada Paramount Stool, and in collaboration with the 4 Okoh clans and the government have engaged the management of the company to begin official operations of the salt project which has a total coverage area of concessions, of over 41,000 acres.
The divestiture of the Songor salt project was ratified by Parliament in the year 2020 to authorize the mandate to the company on January 7, 2021 to officially start operations.
Electrochem in this regard successfully turned the fortunes of the company around by recruiting and restructuring a new set of management and staff.
On Corporate Social Responsibility (CSR) the company has embarked on the rehabilitation of infrastructure projects in the respective communities. It also include schools, hospitals, roads, introduction of scholarship schemes for brilliant but needy children, support fund for the youth to acquire technical and vocational skills, promotion of cultural and heritage of the people of Ga-Adangbe, among others.
By Ben Laryea