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.