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The acquisition followed the transfer of all issued shares from Azumah Resources Ghana Ltd. and Upwest Resources Ltd., according to filings with Ghana’s Registrar of Companies.
Paa Kwesi Nduom has built a diverse empire spanning banking, media, hospitality, and more, creating jobs and driving economic growth across Ghana and West Africa.
The agreement, finalized in Accra on March 3, marks another step in Jospong’s expansion across Africa.
“We’re committed to having 95 percent of the facility’s staff as Nigerians; no external hires,” said Peter Dagadu, managing director of Waste Landfills, a Jospong Group subsidiary.
Agyepong underscored the dire consequences of inadequate waste management, citing the spread of waterborne diseases and environmental degradation.
Daniel McKorley’s key recommendation was the establishment of a global consortium to ensure a steady pharmaceutical salt supply.
Agyepong highlighted that the venture into agriculture was initially propelled by a dedication to making a positive impact rather than purely financial motives.
Presently producing 650,000 metric tonnes of salt, Electrochem Ghana is poised to increase its production to one million metric tonnes in 2024 and aims for two million by 2025.
The facility was funded by the government of Hungary.
McKorley’s McDan Aviation expands fleet with two new aircraft, elevating luxury air travel in Ghana and West Africa.
Electrochem Ghana Limited is a subsidiary of McKorley’s McDan Group.
JGC is one of Ghana’s most diversified holding companies.
McKorley is a well-known businessman and the founder and CEO of the McDan Group.