Business News of 2014-01-30

Waste plant to churn out viable products

A $130 -million recycling plant capable of turning waste into viable products is expected to start operation in the Ga East Municipal Area before the end of the year.
The project, which will provide 1,200 jobs for the youth, is the brainchild of Gbi-Hanjer Ghana Ltd, an Indian-Ghanaian waste recycling and resource recovery company.
It has the capacity to process 2,000 metric tonnes of waste daily.
Currently, a 40-acre land has been acquired at Danfa area under the La Nkwantanang Municipal Assembly for the siting of the plant and the necessary documents are under the Attorney General’s Department for fine-tuning and advice.
The company is expected to turn waste into organic fertiliser, energy, plastic granules and fine sand for eco-friendly construction work.
Ga East Assembly
Gbi-Hanjer Ghana Ltd was selected by the Ga East Municipal Assembly through a competitive bid to turn waste into a useful product.
Disposal of waste in the city has generally been occasioned by protests and serious concerns raised by communities around the dump sites.
Residents of Abokobi and its surrounding communities in particular have continuously protested the siting of the dump at the place because of the negative effects of the waste on them.
Consequently, the assembly decided to turn to recycling companies to manage the waste instead of creating new dump sites.
Permanent solution
When contacted, the Municipal Chief Executive, Mr Kwao Sackey, conceded that the dumping site was a challenge and insisted that the solution to the challenge did not lie in closing the site and looking for another one. “The solution lies in finding recycling companies to deal with the waste,” he said.
He said the assembly was not in a haste to close the dump site “because, wherever we go to create a new dump site, the same problem will rear its ugly head and that is why we are interested in partnering with the private sector to deal with the waste menace.”
Track record
For his part, the Country Representative of Gbi-Hanjer Ghana Ltd, Mr Kwesi Bissi, said Gbi-Hanjer Ghana Ltd, the local company of Hanjer Biotech India, had a track record in the waste recycling.
He said currently, the company operates in 17 states in India and expressed optimism that the project would be beneficial to Ghana.
Financing of the project
Mr Bissi said the foreign partners were ready with funding for the project and were awaiting the clearance of the documentation from the Attorney General’s office.
Speaking on the benefits, the acting Managing Director of the company, Mr Geoffrey S.Y. Coffie, said the only way to keep Ghana clean was through recycling of waste.
He said the company would provide the Ga East Municipal Assembly with 15 compact trucks to be used to cart waste to the processing site.