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Trade Minister calls for immediate halt to cement price increases

Trade Minister calls for immediate halt to cement price increases
Minister of Trade and Industry, Kobina Tahir Hammond
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Source: GNA

The Minister of Trade and Industry, Kobina Tahir Hammond, has directed an immediate reversal of the recent increases in the prices of cement.

He also directed that retail prices of cement be published by all manufacturers in the country to stop the continuous arbitrary increases in major building material.

In a statement issued by the Ministry and copied to the Ghana News Agency on Tuesday, May 15, the Minister asked the Cement Manufacturing Development Committee
(CMDC) to carry out the instruction without fail.

The statement reiterated the Minister’s earlier call for the Committee to work with cement companies to ensure uniform cement prices nationwide.

The Committee, established under the Ghana Standards Authority (Manufacture of Cement) Regulations, 2023 (Ll 2480), is the regulator of cement manufacture in the
country.

It is, therefore, responsible for promoting the manufacturing, wholesale and retail of cement and cement components.

Its membership includes representatives of cement manufacturers, Association of Ghana Industries (AGI), Environmental Protection Agency, Ghana Institution of
Engineers, MoTI, and the Ministry of Environment, Science, Technology and Innovation.

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