Trade Minister stops cement price hikes

Trade Minister stops cement price hikes

K. T. Hammond, the Minister of Trade and Industry, has instructed the Cement Manufacturing Development Committee (CMDC) to give Ghanaian cement manufacturers instructions to immediately stop raising cement prices.

The Minister additionally asked that all cement makers in the nation publish their retail cement pricing in order to put an end to the ongoing, arbitrary hikes in cement prices. He was recalling his directive to the CMDC at its founding on March 8, 2024.

He went on to restate his demand that the CMDC collaborate with cement producers to guarantee consistent cement prices across the country by implementing a single cement pricing system analogous to the Unified Petroleum Pricing Fund (UPPF) that Ghana’s National Petroleum Authority has established for fuel retail.

Professionell Alex Dodoo, Director General of the Ghana Standards Authority, is the chairperson of the CMDC, which was instituted pursuant to the Ghana Standards Authority (Manufacture of Cement) Regulations, 2023 (L| 2480).

Members of the Ghanaian Institution of Engineers, the Association of Ghana Industries, the Ministry of Trade and Industry, the Ministry of Environment, Science, Technology, and Innovation, and members from the Environmental Protection Agency make up this group.

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