Source: Ben LARYEA
Electrochem Ghana Limited an indigenous Ghanaian Company and a subsidiary of the Mc Dan Group of Companies as well as the managers of the Songor Salt Project in Ada of the Greater Accra Region is set to create 2000 direct jobs for Ghanaians particularly the youth in the catchment area.
The operations of the project will in addition earn the state an average of $15 million dollars in corporate taxes per annum and more than $150 million dollars in the next 10 years thereby reducing the imports of salts and chlor-alkali products which will significantly save the country’s foreign exchange.
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.
The Executive Chairman of Mc Dan Group of Companies Dr. Daniel McKorley the sole Ghanaian investor of the Songor Salt Project under the auspices of the Ada Paramount Stool in collaboration with the 4 Okoh clans and 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 which gives authority and the mandate to the company on the 7th of January 2021 to officially start operations.
Electrochem in this regard successfully turns the fortunes of the company around by recruiting and restructuring a new set of management and staff and alongside maintained the previous workforce.
On Corporate Social Responsibility (CSR) the company have embarked on the rehabilitation on infrastructure projects in the respective communities, and includes 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.
