Steel Manufacturers Assure Public of Stable Prices

Steel manufacturers in Ghana have assured the public that prices of steel products will remain stable, following government interventions and the current stability of the Cedi.

The assurance was given during a meeting convened by the Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, with steel producers at the Ministry’s Conference Room in Accra.

Speaking on behalf of the Association, Chairman of B5 Plus Ltd., Mr. Mike Thakwani, noted that despite challenges confronting the industry, steel prices would not be increased. He further pledged that steel products would remain readily available across markets nationwide.

Mr. Thakwani reiterated the industry’s commitment to supporting government initiatives and expressed appreciation to the Trade Minister for her consistent cooperation and support over the years.

Hon. Ofosu-Adjare commended the manufacturers for their significant contribution to national development and economic growth, acknowledging their role in strengthening the Ghanaian economy. She explained that producers had engaged her on operational challenges and requested government support to address them.

She assured that government had carefully listened to the concerns raised and would take the necessary steps to respond appropriately. The Minister expressed gratitude to the steel producers for their sacrifices in support of economic growth and reaffirmed government’s commitment to working closely with the industry to ensure sustained growth and development of Ghana’s steel sector.

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