Zoomlion Ghana Limited, a subsidiary of Joseph Siaw Agyepong’s Jospong Group of Companies (JGC), has unveiled 101 waste management and 25 disinfection trucks for use in metropolitan, municipal and district assemblies in Ghana.
Agyepong is the executive chairman of JGC.
The trucks will be used to cart waste from business districts and other communities to landfills and waste management facilities, Graphic Online reported.
The vehicles will further support disinfection exercises in spaces and institutions affected by the COVID-19 pandemic.
Agyepong said the company secured $58.7 million in funding from partners, including SCANIA and other financial institutions such as ABSA, Ecobank, Zenith and Stanchart.
The company purchased 500 new waste trucks at a cost of $48.7 million and 5,000 units of multipurpose tricycles for $10 million.
At the launch ceremony for the initiative, Ghanian President Nana Addo Dankwa Akufo-Addo opened the floor for more private-public partnership and highlighted the potential in the country’s waste sector. Ghana generates about 7.5 million tonnes of waste daily, and Akufo-Addo believes its an enormous investment opportunity.
The president also invited “more private sector companies to collaborate with the government in creating business opportunities in waste management, such as waste-to-energy, materials, recovery, recycling, and compositing.”
JGC is a significant player in Ghana’s waste management sector. Within the last three month, the company has made critical contributions to the industry.
In May, JGC signed a $70-million agreement with the U.S. McDavid Green Solutions (MDGS/MDPower LLC) to build waste-to-energy plants in Ghana. Earlier, it unveiled the GH¢ 5-million ($864,324) Environmental Sanitation Research Fund, which aims to provide grants to public universities for environmental sanitation research in Ghana.
Also, in May, the Ghanaian government recognized Agyepong as the “CEO of the Decade” in the environmental and sanitation sector.
Agyepong is one of Ghana’s wealthiest men with a net worth of $600 million. His JCG has more than 32 subsidiaries functioning in 11 sectors.
