Saltpond

Saltpond is a town and the capital of the Mfantsiman Municipal District in the Central Region of South Ghana. Saltpond has a population of 24,689 people.

Economy

Petroleum

Saltpond is noted for offshore crude oil resources. Saltpond Offshore Producing Company Limited, and two joint venture partners operate the Saltpond Oil Field.

Non-Petroleum

The town is a major market centre in the Mfantsiman Municipality. Fish,and other foodstuffs are traded in the market. It also has several shops. The Ghana Commercial Bank has a branch in the town. In terms of economic prowess however Saltpond has been in a state of decline since the landing beach was abandoned for the Tema and Takoradi harbours in the 1960s. Another factor was the building of a bypass on the N1:Aflao-Elubo Highway around the same time which meant that transit traffic through the town virtually ceased. Most of its factories collapsed. The Saltpond Ceramic factory and the UAC (now Unilever) soft drink factory held on into the early 1990s but failed too. In recent times the town has grown to meet the Bypass and has started thriving again. There is a nice hotel, the Palm Beach hotel perched on top of one of the hills in the town. The schools also offer a good source of employment to the townsfolk. In this regard the Mfantsiman Girl's Senior High School is the biggest single employer. The Saltpond Ceramic Factory has been bought by a Chinese firm which is attempting to revive it. Fishing takes place mainly in the Nankesido a suburb of Saltpond. Maize farming is prominent as well as bee-keeping. The government also has a District Hospital in Saltpond. The Municipal Authority is also a major source of employment in the town.