With the assistance of the BUSAC Fund, a thirteen-man delegation from the Danish Technological Institute (DTI) interacted with representatives of four Ghanaian business associations operating within the waste management and construction sector.
Left: The Fund Manager, Mr. Nicolas Gebara addressing the DTI delegation
Right: The immediate past president of CIOB-GH, Mr. Rockson Dogbegah interacting with the delegation
The interactive session was facilitated and hosted by the BUSAC Fund on 14th January, 2016 to enable the DTI team interact with private sector operators within Ghana’s waste management sector about the investment opportunities and challenges prevailing within the sector. The four business associations engaged by the DTI team include the Plastic Waste Collectors Association of Ghana (PWCAG), Environmental Service Providers Association (ESPA), National Reuse and Recyclers Association (NARRA), and Chartered Institute of Building - Ghana Center (CIOB). Also in attendance was a representative of the Ghana Investment Promotion Centre (GIPC), who provided updates on the current opportunities available within Ghana’s investment climate.
In his opening address, the BUSAC Fund Manager, Mr. Nicolas J. Gebara explained that the Fund’s support for private sector advocacy is aimed at influencing relevant public sector agencies to create a better enabling business environment for the private sector to increase productivity, create more jobs and income, and generate more tax revenues to enable government improve on the business environment.
In his introductory remarks, the head of the DTI delegation, Mr. Soren Stjernquist, CEO stated that with a staff strength of about 1100, DTI is a key driver for innovation and technology application in the Danish business sector. He further pointed out the DTI is collaborating with over 8,000 business entities to promote the use of technology and knowledge from research in creating business solutions. He expressed his delegation’s delight about exploring the opportunities and challenges within Ghana’s energy and waste management sector.
Speaking on the opportunities within Ghana’s waste management sector, a representative of PWCAG, Mr. Quaranchie Adama-Tettey stated that currently, there is a massive investment opportunity for the establishment of an effective PET recycling scheme in Ghana, which could possibly serve clients across the entire African continent. He also pointed out that the lack of credible data on the plastic waste industry presents significant opportunities for investors who want to invest in the establishment of elaborate data collection and analysis of the recycling industry in Ghana.
The representative of NARRA, Mr. Ibrahim Musah also pointed out that the waste recycling sector in Ghana, currently in its infant stages, is confronted with challenges such as lack of technical expertise and difficulty in securing strategic investment partners. He however noted that there are significant opportunities in the waste recycling sector, and that prospective investors should consider investing in organic composting, plastic recycling, conversion of waste to energy and waste management technology and equipment dealership.
The representative of ESPA, Ama Ofori-Antwi also called on donor agencies and investors to consider collaborating with private sector entities to develop Ghana’s waste management sector, instead of channeling all their support to government agencies alone. Ms. Antwi further stated that currently, there are investment opportunities in the areas of waste treatment, waste disposal site management and conversion of waste to organic fertilizer.
The immediate past president of Chartered Institute of Building - Ghana Center (CIOB-GH), Mr. Rockson Dogbegah also noted that the growth of Ghana’s building industry is currently hampered by challenges such as lack of technical skills, high cost of credit and lack of reliable data on the industry. He therefore called on development partners to help upgrade the technical competencies of actors within the sector. The current president of CIOB-GH, Mr. Kwadwo Osei-Asante also pointed out that with a housing unit deficit of over one million, Ghana has huge investment opportunities within its building industry for potential investors to consider.
An Official of the Ghana Investment Promotion Centre (GIPC), Mr. Emmanuel Badger, outlined a number of incentives and guarantees aimed at attracting foreign direct investments to Ghana. According to Mr. Badger, these incentives include custom duties exemptions, graduated and reasonable corporate taxes, location incentives, tax holidays and automatic immigrant quotas. He urged potential investors to take advantage of these incentives and invest in the Ghanaian economy.
Source: Ebenezer Kpentey, the BUSAC Fund