The Ghana Revenue Authority (GRA) has sealed the administrative block of ElectroChem Ghana Limited over an outstanding tax liability of GH¢8.6 million. …
The Ghana Revenue Authority (GRA) has given Electrochem Ghana Limited, a subsidiary of the McDan Group of Companies, a seven-day ultimatum to settle an outstanding tax liability of GH¢8.6 million or face further enforcement action. …
… e Investment Fund (MIIF) has been drawn to a publication titled “CSOs Laud MIIF’s Investment in Electrochem” published in The Chronicle newspaper of June 24, 2026, which created the erroneous impression that MIIF has increased its equity investment in Electrochemist Ghana Limited …
…to position Ada as West Africa’s salt export hub, boost forex earnings By Christabel DANSO ABEAM (Christabel.danso@thebftonline.com) ElectroChem Ghana Limited is seeking to mobilise up to US$500 million to accelerate the development of its Ada Songor salt concession. …
Civil Society Organisations (CSOs) have thrown their weight behind increased equity investment in Electrochem Ghana Limited (EGL) especially by Minerals Income Investment Fund (MIIF) describing the company’s operations at Ada as a strategic national asset capable of transforming …
… In an era where nations compete aggressively for investment and industrial relevance, Electrochem Ghana Limited has quietly built a compelling case for why strategic capital allocation can unlock extraordinary economic value. …
… Dr Daniel McKorley, renowned entrepreneur, philanthropist, Executive Chairman of the McDan Group and founder of Electrochem Ghana Limited, has been honoured at the 10th Ghana CEO Summit in recognition of his outstanding contribution to Ghana’s industrial and economic development. …
… This article interrogates the economic, institutional, and developmental implications of the rise of Electrochem Ghana Limited and argues that sustained and strategic backing from the Minerals Income Investment Fund (MIIF) is indispensable for unlocking the full potential of the …
The Ghana Stock Exchange Composite Index rose 1.33 per cent to 14,071.44 points last week, but total share trading value fell 28.25 per cent to GH¢104.63 million, with MTN Ghana accounting for approximately 90 per cent of traded value.
The Ghana Stock Exchange Composite Index rose 1.33 per cent to 14,071.44 points last week, but total share trading value fell 28.25 per cent to GH¢104.63 million, with MTN Ghana accounting for approximately 90 per cent of traded value.
Trading activity on the Ghana Stock Exchange declined significantly for the week ended August 28, 2026, with total volume traded falling 53.60 per cent to 8.29 million shares and value dropping 49.11 per cent to GH¢39.13 million, though selected stocks including Das Pharma recorded strong price gains.
The Ghana Revenue Authority has sealed the administrative block of ElectroChem Ghana Limited over an outstanding tax liability of GH¢8.6 million, granting the company seven days to settle the debt or arrange a payment plan before further enforcement action.
The Ghana Revenue Authority has given Electrochem Ghana Limited, a salt mining company and McDan Group subsidiary, seven days to settle an outstanding tax liability of GH¢8.6 million or face further enforcement action, including possible restrictions on access to its mining facility. The outstanding liability dates back to 2021, and the GRA has sealed the company's administration block in Ada as part of enforcement measures.
The Minerals Income Investment Fund (MIIF) has rejected claims that it increased its equity investment in Electrochemist Ghana Limited, stating it has not added to its existing position. MIIF clarified it continues to engage the company on outstanding obligations including dividend payments and delayed royalty payments.
ElectroChem Ghana Limited is seeking to mobilise up to US$500 million to accelerate development of its Ada Songor salt concession, with plans to expand production capacity, construct a refinery and establish a port for large-scale exports. The company aims to transition into value-added processing to generate foreign exchange earnings and strengthen Ghana's role in the West African salt market.
Civil Society Organisations have endorsed increased equity investment by the Minerals Income Investment Fund in Electrochem Ghana Limited's Ada Songor Salt Project, describing it as a strategic national asset capable of transforming Ghana into a major player in Africa's salt industry. The CSOs, following a delegation visit to the facility, expressed satisfaction with the company's five-year investment record, noting its role in industrialisation, job creation and local economic development.
A tour by civil society organizations revealed that investing in Electrochem Ghana Limited's salt operation at Songor Lagoon represents an opportunity rather than a risk for Ghana's industrial development. The company has spent years on stakeholder engagement and community compensation, though it has faced operational disruptions and financing constraints.
Dr Daniel McKorley, Executive Chairman of McDan Group and founder of Electrochem Ghana Limited, was honoured at the 10th Ghana CEO Summit for his outstanding contribution to Ghana's industrial and economic development, particularly through his leadership of Africa's largest salt mine.
An opinion piece argues that symbolic recognition of Electrochem Ghana Limited and its leader at the Ghana CEO Summit must be backed by sustained strategic support from the Minerals Income Investment Fund (MIIF) to translate into real industrial transformation and unlock the salt industry's full potential.