This results from the institution at Bretton Woods choosing to provide $13 million as part of its "PROBLUE" project.
Oliver Boachie, a consultant to the Minister of Environment, Science, Technology, and Innovation, made this statement at a workshop sponsored by the World Bank.
The PROBLUE multi-donor trust fund is managed by the World Bank to aid in the sustainable use of marine and coastal resources as well as the eradication of plastic waste.
The workshop's goal was to provide policymakers with guidance as they strive to create a legal framework that would support an economic system based on the recycling and regeneration materials or goods as a method of continuous, environmentally friendly production.
Speaking outside of the occasion, Mr Boachie said that the money will help Ghana create a system in which individuals involved in the manufacturing and use of plastic are held more accountable for their use of recycled goods.
A framework and an EPR (Extended Producer Responsibility) strategy are being developed with help from the World Bank specifically for Ghana's needs.
He also emphasised the significance of formulating policies tailored to Ghana's socioeconomic situation.
A World Bank economist named Grzegorz Peszko has argued in favour of tax breaks to reduce the cost of recycling plastic.
He believes that by offering financial incentives to companies who acquire and utilise recycled plastics, the utilisation of recycled plastics may be boosted.
Ghanaian producers do not view European regulations, such as virgin plastic levies on the packaging, as incentives to use recycled material. This implies that items made of plastic that have been recycled may be bought for less money, therefore balancing the tax. More and more European countries can afford these fees.