Prof. Douglas Boateng claims that salt can spur industrialization and revolutionize Ghana's economy.

Ghana's salt business has the potential to revolutionize the country, according to Prof. Douglas Boateng, Chair of the Minerals Income Investment Fund (MIIF) and Labadi Beach Hotel.

Prof. Boateng emphasized that salt, a resource that is frequently disregarded, has the potential to completely transform Ghana's economy, even if gold, cocoa, and oil have historically been the country's mainstays. In addition to producing high-value allied industries, it might propel industrialization, create long-term jobs, and strengthen communities.

Salt is more than a simple mineral. In a recent interview, Prof. Boateng said, "It is a foundation for transformation and an opportunity to industrialize our economy." "Salt has the potential to empower women, generate employment for our young people, and establish Ghana as a global leader in the chemical industry with strategic development."

He clarified how important salt is to the production of chemicals like chlorine, caustic soda, and soda ash, which are necessary for the pharmaceutical, plastic, detergent, and agricultural industries. Salt presents a special opportunity to diversify the economy, lessen dependency on erratic commodities, and ensure long-term growth because of Ghana's substantial deposits and advantageous position.

"Extraction is not the only use of salt. It's about adding value to unlock its potential," he continued. Opportunities for both skilled and unskilled laborers, as well as entire communities, can arise from the processing of salt into valuable products. The repercussions are enormous, affecting everyone from local business owners to chemical engineers.

The advantages for women and young people, who frequently encounter obstacles to participating in traditional industries, were emphasized by Prof. Boateng.

Imagine young people obtaining steady work in sectors driven by our salt reserves, or women running businesses that process salt. This ambition can be realized with the correct governance, investment, and leadership," he said.

The foundation for this revolutionary sector has already been established by MIIF's investment in Electrochem Ghana Ltd.

Prof. Boateng emphasized that additional funding is necessary, nevertheless.

This is a chance for the entire country. Whether we will take responsibility for our resources or let outside interests rule is the question. We need to take urgent action to ensure long-term gains for future generations," he said.

He cited India's flourishing chemical sector, which is based on the strategic use of its salt assets, as an example from around the world.

"India created millions of jobs and turned its salt into billions of dollars in export earnings. By utilizing our inherent advantages and making investments in infrastructure and innovation, Ghana has the ability to achieve much more.

"The Fund is focusing on salt production areas, including the Central Region, to expand Ghana's capacity," he said, outlining MIIF's approach. This sector could boost the economy by tens of billions of dollars by 2040 with well-coordinated investment and governance, acting as a stimulant for value creation and industrialization.

The steps necessary for success were described by Prof. Boateng. These include constructing processing facilities, enhancing transit systems, and setting up storage facilities.

Ghanaians must be prepared for employment in value-added and salt extraction businesses through training programs. It is essential to empower young people and women to run these businesses. In addition to regulations that guarantee sustainable growth, public-private partnerships are crucial for attracting capital and talent.