The Ministry for Trade and Industry has instructed the Cement Manufacturing Development Committee to instruct cement manufacturing companies in the country to immediately reverse the recent increase in cement prices.
The directive was issued by the Minister, K.T Hammond.
The Minister, in a directive to the CMDC, requested the publication of all cement manufacturers’ retail prices to prevent arbitrary increases in cement prices, as per his directive on 8th March 2024.
He further reiterated his call for the CMDC to work with cement companies to ensure uniform cement prices nationwide by adopting a unified cement pricing mechanism akin to the Unified Petroleum Pricing Fund (UPPF) adopted by the National Petroleum Authority for fuel retail in Ghana.
The CMDC, formed under the Ghana Standards Authority (Manufacture of Cement) Regulations, 2023 (L| 2480), is chaired by the Ghana Standards Authority’s Director General, Prof Alex Dodoo.
It is made up of representatives from cement manufacturers, the Association of Ghana Industries, the Environmental Protection Agency, the Ghanaian Institution of Engineers, the Ministry of Trade and Industry, and the Ministry of Environment, Science, Technology, and Innovation.
The CMDC is the regulator for cement manufacture in the country and is charged among other things to “promote the manufacture, wholesale and retail of cement and cement components”.
By: Rainbowradioonline.com/Ghana
