Ghana’s salt reserves could transform economy, drive industrialisation — MIIF Chair

Ghana could transform its economy and create thousands of jobs by strategically developing its salt industry into a major chemical manufacturing hub,Professor Douglas Boateng, Chair of the Minerals Income Investment Fund (MIIF), has stated.

Prof.Boateng in a recent interview outlined how Ghana's abundant salt reserves could drive industrial growth and generate billions in revenue by 2040 through the production of essential chemicals such as chlorine, caustic soda, and soda ash - critical components for pharmaceuticals, plastics and detergents manufacturing.

"Salt is not just a mineral.It is a foundation for transformation and an opportunity to industrialise our economy," he said.

In addition, he noted,“With strategic development, salt can create jobs for our youth, empower women, and position Ghana as a leader in the global chemical industry.”

MIIF has already invested in Electrochem Ghana Ltd.to kickstart this transformation, but Prof. Boateng, who also chairs the Labadi Beach Hotel, emphasised that additional investments were
crucial for success.

India’s example 

He pointed to India's example, where the strategic development of salt reserves had created millions of jobs and substantial export revenue.

"This is a national opportunity.

The question is whether we will take ownership of our resources or allow external interests to dominate.

To secure long-term dividends for future generations, we must act decisively," he cautioned.

The development plan includes expanding production in the Central Region and establishing processing plants,improved transportation networks and storage facilities.

Training programmes will be essential to equip Ghanaians with the necessary skills, while public private partnerships will help attract capital and expertise.

Prof. Boateng highlighted the industry's potential to create opportunities for traditionally marginalised groups.

“Imagine women leading salt processing enterprises or young people gaining stable employment in industries powered by our salt reserves.

With the right leadership, investment, and governance, this vision can become a reality," Prof. Boateng noted.

"Salt is more than a resource; it is a symbol of what Ghana can achieve when we think beyond the immediate," he added.

“The future does not wait; it belongs to those who prepare for it.

Salt can be the cornerstone of Ghana's industrialisation journey, but only if we dare to act today,” he stated.