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SUBSIDIARY NAME

Caustic Soda Ghana Limited

COUNTRY

Greater Accra Region, Ghana

SECTOR/ INDUSTRY

MINING

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

June 16, 2022

ACQUISITION VALUATION

100 MILLION

TOTAL ASSET VALUATION

1 BILLION

MINING

Caustic Soda Ghana Limited by Ferdinand Kofi Owusu Akuffo acquired on June 16, 2022 for purchasing of equipment, building of factory and production cost.

This project sets out to establish a factory for the commercial production of Caustic Soda in Ghana. The first phase of this project will focus on the production of Salt to meet the Salt needs of Ghana as well as the export to the international market.

The production factory will be located in an industrial area. The factory will be located at Ningo Prampram, in the Greater Accra region of Ghana. The company will have its corporate office headquartered in Accra, Ghana. Ningo Prampram has the required water bodies, which are major potential site for salt and allied works. It has a total water surface area of 7,920 hectares.

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