Ghana could make one billion dollars annually from salt production, the Chief Executive Officer of the Minerals Income Investment Fund, Edward Nana Yaw Koranteng, has revealed.

According to him, Ghana is positioning itself to become the number one salt producer in Sub-Saharan Africa.

Speaking in an interview with Oxford Business Economics Africa, Mr. Koranteng, said salt has the potential to create enough opportunities for the country through jobs, amongst others.

 “Ghana is positioning itself as the number one salt producer in Sub-Saharan Africa. There's the potential for Ghana to make about $1 billion every year from salt alone”. 

He mentioned that the country is also investing $30 million in salt production since the pharmaceutical, textile, and other industries depend heavily on it as raw material.

“The country is investing $30 million in salt production since salt cannot only rake in revenue for the country but can also feed the pharmaceutical and textile industries”.

“We're investing $30 million in salt and salt has 14,000 uses and Ghana is looking at how we can invest in this to expand the value chain of salt you see. We're looking at pharmaceuticals, bicarbonate soda, food preservation, textiles, and aluminum castings; and we're investing in Electrochem”, he explained.

“Electrochem is managing a 41,000-acre Ada Songo space—the biggest salt production company in Sub-Saharan Africa”, he added.

Ghana has the production potential of 2.2 million tonnes of salt annually.

Market watchers believe the nation's salt industry represents a potential source of revenue from Nigerian purchasers who currently rely on Brazilian imports.