Located along the Gulf of Guinea and the Atlantic Ocean, in the sub-region of West Africa, Ghana is considered an important trading partner with South Africa. There are numerous exciting investment opportunities for South African plastics companies, especially in the agro-processing and food packaging sectors, which a Plastics|SA delegation that recently went to Ghana wanted to investigate. This delegation was part of a Plastics Export Development Programme (PEDP) which aims to grow the industry’s export base beyond the SADC economic bloc.
As part of their trade mission, the Plastics|SA delegation held discussions with local plastics companies operating in the West African region, including Ghana Plastic Manufacturers Association, Poly Tank, Global Plastic Industries and Aspiring Syringes Manufacturer.
The Ghana Plastic Manufacturers Association represents 95% of their local plastics industry and comprises of 110 plastics manufacturers: the country’s national consumption was approximately 815 000 tons in 2015. In terms of recycling, large emphasis is placed on PET bottles in Ghana, owing to the fact that the recycling industry in this country is still very small. The majority of the plastic they collect is baled and exported (primarily to China).
“From our talks it became clear that Ghana would welcome South African plastics companies entering their market – especially in the plastics pipes and packaging sub-sectors. They also asked us to provide them with more information about the Plastics|SA Constitution, Programme of Action and other supporting documentation, as they would like to participate with us in global and regional plastics related initiatives,” Tapula said.
“From a corporate governance point of view, our meetings were extremely relevant because we now know which policies, regulations and government institutions to engage with around issues of trade and investment in Ghana. We will continue to explore these and other opportunities for our members in order to unlock the numerous benefits of cross-border trade and investment,” Tapula concluded.