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Accra Metropolitan Assembly – Composting Facility

Location

Accra, Ghana

Sector

Waste Management

Stage

Bankable feasibility
Overview

In collaboration with the C40 Cities Finance Facility, the vibrant city of Accra is embarking on a groundbreaking initiative to revolutionise its waste management system. Fueled by technical expertise and capacity-building support, Accra is on the brink of unveiling a comprehensive and bankable project aimed at implementing citywide source separation of solid waste along with the establishment of a cutting-edge composting facility.

The primary goals of this visionary project extend beyond mere waste management – they encompass a holistic approach towards environmental sustainability, economic empowerment, and improved worker conditions. The overarching objectives include:

  1. Enhancing Recycling and Composting: The project strives to significantly augment the rates of waste recycling and composting across the city. By implementing innovative techniques and leveraging modern technologies, Accra aspires to create a circular economy that minimizes waste, conserves resources, and promotes a sustainable urban environment.
  2. Reducing Waste Disposal: A pivotal aspect of the initiative is to curtail the reliance on traditional waste disposal methods, particularly landfills and open burning. By encouraging source separation and implementing efficient waste processing practices, the project aims to mitigate the environmental impact associated with conventional waste disposal, contributing to a cleaner and healthier cityscape.
  3. Mitigating Greenhouse Gas Emissions: Accra is committed to playing its part in global climate action. Through the reduction of waste-related greenhouse gas emissions resulting from landfills and open burning, the project aligns with international sustainability targets. By adopting eco-friendly waste management practices, Accra is taking tangible steps towards minimizing its carbon footprint.
  4. Job Creation and Work Security: Beyond its environmental aspirations, the project is set to become a catalyst for economic development. Anticipating the creation of jobs during both the construction and operational phases, the initiative seeks to bolster local employment opportunities. Moreover, it aims to enhance work security and safety standards for individuals employed in the waste sector, ensuring a dignified and secure livelihood for those contributing to the city’s cleanliness.

Accra’s commitment to this waste management project reflects its dedication to sustainable urban development. As the city propels itself towards a cleaner, greener future, the initiative stands as a testament to the transformative power of collaborative efforts, technical innovation, and a shared vision for a more sustainable and resilient community. Accra is not merely managing waste – it is pioneering a paradigm shift towards a future where environmental responsibility and socio-economic progress go hand in hand.

Investment Needs

$10 000 000 - $50 000 000

Investment Project Type:

Grant

Invested Value to Date:

N/A

Why Investing

1
Environmental Impact and Sustainability
Investing in this project offers a unique opportunity to contribute significantly to environmental conservation. With a successful implementation spanning over 25 years, the potential to avoid the emissions of 3,467,700 tonnes of CO2e demonstrates a commitment to sustainability and mitigating climate change. As global concerns about the environment continue to rise, supporting initiatives with a proven track record of positive environmental impact can attract environmentally conscious investors and align with growing market preferences for eco-friendly solutions.
2
Public Health Improvement:
The project aims to address air quality concerns by reducing 15 tonnes of PM2.5 emissions within the first 30 years of implementation. Particulate Matter 2.5 (PM2.5) is a significant air pollutant linked to respiratory and cardiovascular issues. Investing in this project not only aligns with public health priorities but also positions the investment as a positive force for community well-being. This dual benefit of environmental and public health improvement can appeal to socially responsible investors and enhance the project's overall appeal.
3
Job Creation and Economic Impact
Beyond the environmental and health benefits, the project has the potential to stimulate economic growth by supporting an estimated 880-4,600 job years during the construction and implementation of the composting initiative. Job creation is a key factor in fostering community development and economic resilience. Investors looking for opportunities that contribute positively to local economies and job markets may find this project appealing. Furthermore, the potential for long-term employment opportunities can enhance the project's socio-economic impact, making it an attractive investment option with both immediate and lasting benefits.
Victor Kotey
Deputy Director, Waste Management
https://c40cff.org/projects/waste-management-solutions
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