The Deputy Minister for Lands and Natural Resources responsible for Mining, Mr George Mireku Duker, has disclosed that Electrochem Ghana Limited is set to be listed on the Ghana Stock Exchange (GSE).
The move will provide an opportunity for Ghanaians to invest in the company.
Speaking to the media during a working visit to Electrochem’s mining site at Nakomkope in Ada, he stated that the listing was a testament to the company’s commitment to accountability and transparency.
“The listing of Electrochem on the Ghana Stock Exchange is a significant milestone that will allow Ghanaians to invest in the company. This is a testament to the accountability and transparent credentials of Electrochem and it underscores the government’s dedication to supporting its operations,” he said.
According to Mr Mireku Duker, this was a significant development that would not only benefit Electrochem but also the people of Ghana.
He reassured the management of the government’s commitment to supporting the company’s growth and ensuring that the local community and the nation as a whole reap the rewards of the project.
He called for an all-hands-on-deck approach as the company was expected to grow exponentially in the coming years with its listing on the GSE.
The Deputy Minister’s visit allowed him to access first-hand information about the company and its operations in the area, furthering the government’s resolve to ensure a mutually beneficial relationship between Electrochem and the residents.
The tour included a comprehensive visit to the mining site, where the delegation received a detailed briefing on the salt mining process and witnessed the meticulous steps involved in extracting salt from the Songhor Lagoon.
Electrochem Ghana Limited, a subsidiary of the McDan Group of Companies, has been operating in the Songhor Lagoon, where it is engaged in salt harvesting. The company has already invested $80 million and created over 1,800 direct jobs in the area.
The upcoming listing of Electrochem Ghana Limited on the Ghana Stock Exchange is expected to create new investment opportunities for Ghanaians and further solidify the company’s position as a key player in the country’s salt production and mining industry.
Irene Wirekoaa Osei, ISD
