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The Chamber of Cement Manufacturers, Ghana (COCMAG), has expressed strong reservations over a proposed Legislative Instrument (LI) seeking to regulate cement prices, submitted to Parliament by the Minister of Trade and Industry, K.T. Hammond.
According to COCMAG, the proposal was tabled in Parliament without consulting industry stakeholders, undermining fairness and transparency.
The Chamber argues that the proposal fails to address the root causes of cement price escalation, particularly the rapid depreciation of the Ghanaian cedi against the US dollar.
COCMAG CEO, Dr. George Dawson-Ahmoah, described the Minister’s move as “unilateral” and “unfair,” detrimental to the partnership and mutual respect necessary for the industry’s growth.
The Chamber has petitioned Parliament to reject the proposed LI and direct the Minister to engage with stakeholders to address the underlying causes of price escalation.
COCMAG assures its commitment to collaborating with the government for a stable and prosperous cement industry in Ghana.
“We trust that our petition will be considered to ensure that the voices of primary stakeholders in the cement industry are heard and respected,” the petition read.
