Mankessim Waste Treatment Plant to Generate $750,000 in Carbon Credits

The newly commissioned Mankessim Waste Treatment Plant in the Central Region is set to generate approximately $750,000 in carbon credits for both the state and the operating company.

This fund will be reinvested into the facility's expansion and other sectors of the economy.

At the commissioning event on October 10, 2024, Executive Chairman of the Jospong Group, Dr. Joseph Siaw Agyepong, emphasized the increasing value of waste, stating, "Waste is no longer disposable; it has become a valuable resource."

Minister for Sanitation and Water Resources, Hon. Seyram Alhassan, praised the plant as a testament to the government's commitment to a cleaner Ghana.

She highlighted that this facility is one of 16 constructed nationwide and utilizes advanced technology to convert waste into valuable resources like compost and plastic pellets, creating over 700 jobs.

His Eminence Osagyefo Amanfo Edu VI, Paramount Chief of Mankessim, expressed optimism about the compost's potential to transform Mankessim into an agro-processing hub. He reflected on his 30-year prayer for such a facility to address local waste challenges.

Hon. Ophelia Mensah Hayford, Minister for Environment, acknowledged the plant's vital role in environmental protection. She noted its completion was especially meaningful due to her late husband's advocacy.

Health Minister Dr. Bernard Okoe-Boye welcomed the Medical Waste Treatment facility's ability to tackle regional medical waste challenges.

This facility will process 9,600 kg of hazardous waste daily and create around 300 job opportunities for local youth.

Comments

Fitch Solutions retains 2025 growth rate projection at 4.2%

Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...

Kofi Ahovi

Search This Blog