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The Ghana Integrated Iron and Steel Development Corporation (GIISDEC) has announced plans to regulate and empower scrap dealers in the country.
According to Oppong Amponsah Philip, Deputy CEO of Operations at GIISDEC, the initiative aims to educate scrap dealers on the international prices of scrap materials, enabling them to maximize their earnings and contribute to the growth of the local industry.
The education program, designed specifically for Ghanaian scrap dealers, will equip them with the necessary knowledge and skills to navigate the industry effectively. Mr. Oppong Amponsah Philip emphasized that many scrap dealers are unaware of the international prices of scrap materials, such as those comparable to cocoa and gold, and the potential earnings that can be made in the industry. By providing them with this knowledge, GIISDEC hopes to empower scrap dealers to increase their salaries and benefit from their work.
The scrap industry is a significant sector that generates substantial revenue. Mr. Oppong Amponsah Philip described it as a “multimillion-dollar thing” that should not be underestimated. By regulating and empowering scrap dealers, GIISDEC aims to tap into the economic potential of the industry and ensure that its benefits are shared equitably among stakeholders.
During a courtesy call on the Metropolitan Chief Executive of the Kumasi Metropolitan Assembly (KMA), Mr. Oppong Amponsah Philip expressed GIISDEC’s desire to collaborate with the KMA to benefit the youth in the metropolis. The KMA has assured GIISDEC of its readiness to support the initiative, recognizing the potential benefits it could bring to the local economy.
As a government agency, GIISDEC’s ultimate goal is to connect scrap dealers to the benefits of the country. By regulating and empowering the scrap industry, GIISDEC hopes to increase the country’s revenue, create jobs, and stimulate economic growth. The initiative is expected to have a positive impact on the lives of scrap dealers and the broader community.
The initiative by GIISDEC to regulate and empower scrap dealers is a step in the right direction towards promoting economic growth and development in Ghana.
By providing education and training to scrap dealers, GIISDEC is equipping them with the necessary knowledge and skills to succeed in the industry. With the support of the KMA and other stakeholders, GIISDEC is confident that it can make a positive impact on the lives of scrap dealers and the country as a whole.
