-2.9 C
London
Tuesday, March 4, 2025

Govt to cushion SMEs in plastic waste management with $7m grant

The government is set to provide $7 million in grants to eight plastic recycling companies across the country to support the growth of their businesses.

The Ministry of Environment, Science, and Technology noted that the companies, including Universal Plastic Products and Recycling Ghana (UPPR) Limited under the Jospong Group of Companies, will use the funds to enhance their capacity to collect, recycle, and reuse plastic waste.

During a recent tour of some recycling companies in Accra to assess their preparedness for the funding, sector Minister Murtala Mohammed underscored the importance of increasing support for businesses within the circular economy.

“We are looking forward to expanding this grant assistance to more entities with the expertise to manage plastic waste. If we are only able to recycle 10%, what happens to the remaining 90%? They contribute to the environmental degradation and hazards we face,” he said.

He also mentioned that a decision will be made after visiting several facilities.

Murtala Mohammed called on the beneficiary companies to create job opportunities once they receive the funding.

On Monday, March 3, 2025 the Minister visited four plastic waste recycling facilities, including UPPR, Integrated Recycling and Compost Plant Limited (IRECOP), Green Africa Youth Organisation (GAYO) Maternal Recovery Facility, and Nelplast Ghana Limited.

The funding for these businesses is part of the government’s project, aimed at establishing a circular economy framework for the plastic sector in Ghana.

Latest news
Related news