Ghana is optimistic on progress to set up a $2 billion fertilizer production plant in the country in partnership with Morocco’s OCP SA by 2026.
Ghana’s Minister of Food and Agriculture Owusu Afriyie Akoto was speaking this week at the inauguration of the Board of the country’s National Fertiliser Council.
Akoto highlighted that Ghana in the last four years has been working in collaboration with OCP to attract foreign investors to exploit the country’s “surplus of gas” to turn it into fertilizers. He is also “very optimistic” that Ghana can attract the right investment to start the construction of a fertilizer production plant.
OCP and Ghana’s Ministry of Food and Agriculture announced plans back in 2019 to proceed with a new 1 million mt/y fertilizer plant in Ghana (GM Sept. 6, 2019), after inking a Memorandum of Understanding (MOU) the previous year to explore the feasibility of such a plant (GM Sept. 14, 2018).
Under the original proposals, the plant would be to be located in the Jomoro District in western Ghana and would use natural gas from Ghana and phosphate from Morocco.