The Ghana Integrated Iron and Steel Development Corporation (GIISDEC) says it will soon roll out a policy to formalise and regulate the scrap dealing business in Ghana, as part of efforts to sanitise the sector and support the growth of the local iron and steel industry.
The policy is expected to bring structure to the largely informal scrap trade, improve traceability of scrap materials, and curb activities that pose risks to critical national infrastructure.
Speaking to Joy Business after a working visit to B5 Plus Company in Tema, the Chief Executive Officer of GIISDEC, William Okofo Darteh, said, “We are developing a policy that will formalise the scrap dealing sector to ensure dealers operate within a clear and regulated framework.”
He added, “Formalising the sector will not only enhance compliance and accountability but also create opportunities for value addition, job creation, and revenue generation for the state.”
Mr. Okofo Darteh further emphasised the benefits for local industry, saying, “A well-regulated scrap industry will provide reliable raw materials for our steel manufacturers and help boost the overall development of Ghana’s iron and steel sector.”
The Chief Executive Officer noted that GIISDEC is engaging key stakeholders, including scrap dealers and industry players, to ensure the smooth and inclusive implementation of the policy.
GIISDEC believes the initiative will play a critical role in positioning the scrap business as a strategic component of Ghana’s industrialisation drive.
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Source: www.myjoyonline.com