Minister for Trade and Industry, K.T. Hammond, has reassured the public that the government does not plan to impose price controls on cement in the near future.
This clarification comes after the recent implementation of a Legislative Instrument (LI) on cement pricing, which sparked concerns about potential price caps.
According to Mr. Hammond, the new regulations are designed to promote fair and transparent pricing of cement throughout Ghana, rather than controlling prices directly.
“I am clear beyond argument that there is a certain amount of unfairness in the pricing of cement in the country and I am prepared to make sure that there is some sort of sanity. The document [LI] as we speak is in force.
“I have got a legislative instrument and it is essentially this, the last argument was that we were going to cap the price [of cement] at which they were going to sell. We indicated that that wasn’t it.
“We are going to put in place by virtue of the L.I which has come into force, a committee and the committee is going to ask all the manufacturing companies to put before them the basis for their pricing.”
Baina Multimedia
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