Cabinet approves setting up Songhor Salt Company
 
The quest to develop the large deposits of salt in the Ada enclave to produce raw materials for Ghana’s downstream petrochemical and related industries, has taken a major turn for the better.

This follows the preparation of a Cabinet memorandum, seeking to convert the Ada Songhor Salt project into a limited liability company.

President John Mahama announced this at the climax of the ‘Asafotufiami’ festival of the chiefs and people of the Ada traditional area.

He said the move would clear remaining obstacles for the full utilisation of the resource.

He said it would also ensure availability of finance, technology, efficient management and land tenure security for the project.

President Mahama stressed that the proposed Ada Songhor Salt Company Limited, if established, would be the starting point for the accelerated development of the Ada area and the nation’s salt industry in particular.

President Mahama said that the preparation and presentation of a Cabinet memo on the Songhor project came in the wake of consultations with the traditional authorities and other stakeholders on the best way forward.

He was, however, not happy with the current situation where most of the salt producers in the country operated in a small uncoordinated manner, which did not allow the country to take full advantage of the resource.

To optimize national production, he said there was the need to employ large scale salt production methods, using modern technology, which required appreciable capital investment to produce salt at globally competitive levels.

Ghanaian Times