Business News of Monday, 9 February 2015
Local cement producers in Ghana are worried some importers are taking advantage of the cut in cement production to import cheap Chinese cement products.
Following the worsening power crisis, the cement producers together with other industries have been directed to shed 30% power which is affecting cement production.
According to some of the cement producers, their cost of production has significantly increased due to the fueling of their standby generators.
Speaking to Citi Business News, head of the commercial department of Diamond Cement Ghana Limited Anthony Arden Boakye said the current challenges could lead to Job cuts.
“Dumsor, Dumsor didn’t start today, it started months ago. It has reduced our production, this has given the opportunity to importers to increase their importation of cement,” he stressed.
Meanwhile, the Sales and marketing manager of Dangote Cement Ghana Limited Joeseph Kobina Abu has lamented that the Chinese products are being dumped in the country.
He stated that, “I appreciate competition, I don’t hate competition but the Chinese are more or less dumping…we should not only be mindful of the price but we should be also mindful of the quality.”