Salt mining company, Electrochem Ghana Limited (EGL), a subsidiary of McDan Group Limited, is set to go public by listing on the stock market.
CEO of McDan Group, Kwaku Ampromfi, disclosed this during a ceremony on Monday, August 26, at the Ada Songhor Enclave, where EGL launched an out-growers scheme and land allocation initiative.
He announced the company’s plans to open up ownership to the public.
“We’re going on the stock market. We’ll be listing very soon, hopefully this year, if not early next year,” Ampromfi disclosed.
This strategic move aims to democratize ownership of Electrochem, making it a company for everyone, not just its current shareholders.
Since acquiring its concession in January 2021, Electrochem has focused on three core areas: community engagement, environmental sustainability, and producing high-quality salt.
Ampromfi stressed the company’s commitment to inclusivity and environmental responsibility, countering any doubts about its operations.
“Our mining is sustainable and environmentally friendly. We also strive to produce the highest quality salt available on the market,” he said, noting that Electrochem’s products meet and exceed global standards.
Ampromfi indicated that the company is experiencing significant growth and has promising developments ahead.
He stressed the role of EGL CEO Abdul Razak Adam in the company’s success and expressed gratitude for the support from stakeholders and the media.
“We want this to be a success story for everyone—Ghanaians and all Africans,” he explained inviting the public to participate in Electrochem’s journey as it continues to expand.
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