Business News of Friday, 22 February 2019

Source: classfmonline.com

Go into plastic waste recycling; it's lucrative – Minister to investors

Sanitation Minister Cecilia Abena Dapaah Sanitation Minister Cecilia Abena Dapaah

Sanitation Minister Cecilia Abena Dapaah, has encouraged the business community to invest in the recycling of plastic waste because the sector is lucrative.

She has assured the investors that they will break even if they ventured into that area.

Apart from making money, investment in the sector will also create job opportunities for the Ghanaian youth, she said.

Speaking in an interview with Accra100.5FM’s parliamentary correspondent Richard Appiah Sarpong after President Nana Addo Dankwa Akufo-Addo delivered his state of the nation address in parliament on Thursday, 21 February 2019, Mrs Dapaah said: “The approach to sanitation should be every day’s activity and not just once in a month, that is why I've cancelled the National Sanitation Day Exercise. That exercise was just once in a month but we think that it should be a daily activity.”

“I'll encourage investors to go into the recycling of plastic waste, there is money in there for them. If they do, it'll also provide jobs for the youth,” she added.

President Akufo-Addo said in his address that Ghana stands to gain GHS2 billion annually from recycling plastic waste.

He explained that converting plastic waste into other useful products will not only fetch Ghana that amount of money but also provide opportunities for the youth in the country.

To that end, the president said his government has taken steps to invest in plastic waste recycling.

He said: “There has been a significant improvement in sanitation even though I acknowledge more can be done. However, this is currently the state of play: we have witnessed an increase in solid waste management from 16 per cent to 53 per cent and over the course of last year, 5,862 household toilets were built as opposed to 1,698 in 2016. We will intensify our efforts in making Accra a clean city.

“In 2019, apart from continuing in educating and sensitising people, we intend to use the by-laws to enforce cleanliness. The Ministry of Justice and the Ministry of Sanitation are working together to try sanitation offences. People who litter will be tried and punished and, so, to those who steal bins from our streets, we are launching a national sanitation brigade to help us carry this out. Through these people, we will not only keep our towns clean but we will provide jobs for our young people.

“Once the waste is properly and efficiently managed, we can then explore how to use the waste collected to advance the economy of our nation.

“A cursory look around will show that plastic waste is our biggest problem. We intend to solve this problem through internationally recognised priorities of waste reduction first, followed by re-use, recycle, recovery and lastly, disposal. The government has prepared a plastic management policy with the overarching aim of meeting the challenges of comprehensive plastic management.

“About 82 per cent of Ghana’s plastic waste will be readily recovered and recycled with the existing technologies into value-added products in high demand locally and within the West African sub-region.

“A vibrant recycling industry in Ghana could recover nearly one million of waste plastics from the environment and landfills, to be recycled into basic needs products valued at GHS2 billion per year creating many jobs across the economy. Currently, extensive discussions are being concluded with investors on the main sustainable actions available to rid Ghana of this menace.”