By Kofi Ahovi
The Ghana Export Promotion Council (GEPC) has outdoored the Salt Sector Strategy Document to enhance the production of salt in the country.
The strategy seeks to attract immense domestic as well as foreign direct investments into the Tekperbiawe area in the Ada traditional area and subsequently its environs.
The strategy document is a product of three earlier missions that collected data and held discussions with key stakeholders including selected financial institutions, donor partners and government institutions to ascertain financial schemes and support packages available to the sector.
The document was facilitated by GEPC, Private Enterprise Foundation and the Commonwealth Secretariat in London.
Tepkerbaiwe area holds the potential of producing an estimated 1,438,000 metric tonnes of salt per annum relative to the total potential capacity of Ghana to produce three million metric tonnes per annum.
“Significantly, the salt industry in Ghana has the potential of generating enough export revenues to push our developmental agenda forward, provide employment, provide ingredient for allied industries among others,” the Executive Secretary of GEPC, Edward Collins Boateng pointed out at the launch of the document.
According to him, the initiative to develop the salt strategy document was also facilitated by the oil find which commercial production will start soon.
The use of salt based brine, rather than straight water, as the basis of drilling muds prevents erosion in the well cavity thus insulates the walls of the well from collapse. Drilling muds are used to lubricate and cool the drill bit during the drilling process.
Currently, Ghana’s salt production output is about 250,000 metric tonnes per annum. However world demand for salt is 256 million metric tonnes with China as the lead supplier with 50 million metric tones.
In 2008, Ghana earned a total of US$2.853 million from the export of 47,412 metric tonnes of salt depicting a negative growth of 6.66% from earnings of US$3,043,000 in 2007.
The Ghana Export Promotion Council (GEPC) has outdoored the Salt Sector Strategy Document to enhance the production of salt in the country.
The strategy seeks to attract immense domestic as well as foreign direct investments into the Tekperbiawe area in the Ada traditional area and subsequently its environs.
The strategy document is a product of three earlier missions that collected data and held discussions with key stakeholders including selected financial institutions, donor partners and government institutions to ascertain financial schemes and support packages available to the sector.
The document was facilitated by GEPC, Private Enterprise Foundation and the Commonwealth Secretariat in London.
Tepkerbaiwe area holds the potential of producing an estimated 1,438,000 metric tonnes of salt per annum relative to the total potential capacity of Ghana to produce three million metric tonnes per annum.
“Significantly, the salt industry in Ghana has the potential of generating enough export revenues to push our developmental agenda forward, provide employment, provide ingredient for allied industries among others,” the Executive Secretary of GEPC, Edward Collins Boateng pointed out at the launch of the document.
According to him, the initiative to develop the salt strategy document was also facilitated by the oil find which commercial production will start soon.
The use of salt based brine, rather than straight water, as the basis of drilling muds prevents erosion in the well cavity thus insulates the walls of the well from collapse. Drilling muds are used to lubricate and cool the drill bit during the drilling process.
Currently, Ghana’s salt production output is about 250,000 metric tonnes per annum. However world demand for salt is 256 million metric tonnes with China as the lead supplier with 50 million metric tones.
In 2008, Ghana earned a total of US$2.853 million from the export of 47,412 metric tonnes of salt depicting a negative growth of 6.66% from earnings of US$3,043,000 in 2007.
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