A recent policy brief by IMANI predicts that Ghana’s salt industry could generate over $1 billion in annual revenue by 2028, with the Songor Salt Project playing a key role. The project, led by Electrochem Limited and backed by McDan Group, aims to boost salt production from the current 250,000 metric tonnes to 1.5 million metric tonnes annually over the next four years.
Ghana’s salt exports amounted to only $4.36 million in 2022, reflecting a significant underutilization of its potential. By increasing production, Ghana could rise to one of the top 25 salt producers globally, significantly contributing to foreign exchange earnings. Projections for 2025 show revenues reaching up to $400 million, with further investment expected to push earnings past $1 billion by 2028.
However, the transformation has sparked concerns among local artisanal miners who fear displacement. Electrochem has promised to create 5,000 direct jobs and support 12,000 more in related activities. The company also plans to develop 1,500 acres for community-operated salt pans, preserving local livelihoods while modernizing production.
IMANI recommends the creation of a regulatory body for the salt industry to oversee operations and ensure the fair distribution of resources. The report stresses that both government and private sectors must collaborate to unlock Ghana’s salt potential while protecting the interests of local communities.