MIIF acting CEO, Justina Nelson tours Electrochem

The acting Chief Executive Officer of the Minerals Income Investment Fund (MIIF), Mrs. Justina Nelson today (March 19), led a delegation from the Fund to pay a courtesy call on the management of Electrochem Ghana Limited, one of the largest salt mining firms in Africa.

Mrs. Justina Nelson (seated right) is being briefed about the operations of Electrochem at the Boardroom.

The visit was to afford her the opportunity to appreciate the operations of the salt mining company, undertake a comprehensive site tour, and to appreciate how the company was doing.

It also offered her the opportunity to discuss the viability of the project and how management was utilizing MIIF’s equity investment.

Mr. Daniel McKorley (2nd from right) with Mrs. Justina Nelson, acting CEO of MIIF (2nd from left) and Mr. Kwaku Ampromfi (left) during the site visits.

During the meetings, Mrs. Nelson pledged the commitment of the Fund to ensure that the $30 million equity stake of MIIF in Electrochem yields the needed returns.

She said per the mandate of the Fund, which is meant to, among other things, collect dividends and royalties from mining companies and invest on behalf of the State, MIIF will do all it can to jealously protect its equity stake in the company for the good people of Ghana.

She further gave the assurance that all efforts will be made to ensure that, companies in which MIIF has equity shares are successful.

Mrs. Justina Nelson (right), acting CEO of MIIF, interacting with one of the female employees of Electrochem on site.

Mrs. Nelson, in her observations after the tour, expressed delight at the project and noted that the potential of Electrochem was bright and promising.

She urged the management of the company to adhere strictly to good corporate governance standards, continuously improve its relations with the community and ensure industrial harmony.

The Chairman of McDan Group of Companies, Mr. Daniel McKorley, described the potential of the salt project as big, adding that it will rake in more revenue to the State than cocoa and gold combined.

Mrs. Justina Nelson (right) having a look at the raw salt.

He said the company was working around the clock to ensure that it constantly improves operational efficiency as part of a cost reduction and profit optimization measure.

Mr. McKorley said Electrochem looks forward to more capital injections from shareholders into the operations of the business to enable it to complete the next phases of the multi-million-dollar project.

The Group CEO of McDan Group, Mr. Kwamu Ampromfi, said it is the vision of the company to build Ghana’s Next Industrial Hub.

Mrs. Justina Nelson (left) with Mr. Daniel McKorley.

“Electrochem, Africa’s largest salt mine, is on a transformative journey to establish Ada-Sege as an industrial powerhouse, surpassing Tema in scale and impact.  

Electrochem’s immediate plans include completing the installation of a state-of-the-art fully automated salt refinery and an ultra-modern caustic soda plant,” he added.  

Mr. Ampromfi said as the company moves towards delivering one million tonnes, its short-term plan is to build an AI and robotics-driven port in Ada that exceeds the highest standards for maritime and port operations. 

“We will develop a multi-billion-dollar industrial hub that will revolutionize Ghana’s industrial landscape that serves the salt industry for all investors who seek to use salt as a raw product or create salt derivatives and products on large and medium commercial scale. 

In the medium term, we will build a salt and marine chemicals research institute that will create centres of excellence and laboratories, and that will be a global leader in research and innovation,” he added.

He said Electrochem is pleased to accomplish these exploits with MIIF.


Mr. Ampromfi said salt is the mineral of destiny for Ghana in generating massive returns that dwarfs revenues from gold and cocoa.  

“MIIF is Electrochem’s long-term partner in maximizing Ghana’s income from salt and other salt derivatives, in the most sustainable and environmentally friendly manner.

We count on MIIF to help provide the needed government and sovereign fund support through market expansion, strategic direction, influencing policy that promotes businesses, inject capital and attract other co-investors, provide investment guarantees, risk share, access to new markets and networks, provide advisory services and board representation, and develop infrastructure and ecosystems,” he noted.   

He also hinted that the company has completed its prospectus awaiting the composition of the MIIF Board to be able to seek approval in preparation to list on the local bourse, the Ghana Stock Exchange (GSE).