A US$1.3 billion fertiliser plant is set to be built in Takoradi, Ghana, as part of a joint venture between the Ghanaian government and OCP Group, a Moroccan firm.
The project, which will use Ghana’s natural gas reserves as feedstock, is expected to be completed within three years and will help diversify the economy and reduce dependence on oil and gas resources.
The fertiliser plant will also support the agricultural sector by lowering input costs for farmers and enhancing crop productivity.
The project was announced by Dr. Mohammed Amin Adam, Minister of State at the Ministry of Finance (MoF), during the launch of the 2020 GHEITI Reports for the mining and oil/gas sectors. He said the fertiliser plant will contribute to the industrialisation of the agricultural sector.