Retaining Local Value: A New Economic Model
Understanding how local value retention strengthens Ghana's economy through sustainable plastic waste management.
Traditionally, Ghana's plastic waste has been exported to other countries, with the economic benefits accruing to foreign entities. This model extracts value from our communities while leaving behind environmental damage and limited local benefit.
MORES Circular Limited is pioneering a new economic model based on local value retention. By processing plastic waste within Ghana, we ensure that the economic benefits of recycling stay in our communities. This creates a multiplier effect: wages spent locally stimulate other businesses, tax revenue supports community development, and skills gained benefit future generations.
Our value chain encompasses collection, sorting, processing, and manufacturing of new products—all done locally. This comprehensive approach ensures maximum economic benefit while minimizing transportation costs and environmental impact.
The long-term vision is to create an entire ecosystem of local businesses built on sustainable plastic recycling. From collection cooperatives to processing facilities to manufacturing enterprises, Ghanaians will own and operate the entire value chain, building genuine wealth and prosperity.
About the Author
Abena Yeboah is a dedicated advocate for sustainable practices and environmental conservation at MORES Circular Limited.
