\n
The Chamber of Cement Manufacturers (COCMAG) has expressed concern about a recent proposal of a Legislative Instrument (LI) in\u00a0Parliament\u00a0to regulate cement prices.<\/p>\n
The Minister of Trade and Industry,\u00a0Kobina Tahir Hammond\u00a0had made the proposal to ensure uniformity and stability in cement prices nationwide.<\/p>\n
However, Dr George Dawson-Ahmoah, the Chief Executive Office of COCMAG, who voiced the industry\u2019s concerns in a petition to\u00a0Parliament, expressed worry that \u201cthe proposal was made without any prior consultation with the key stakeholders in the cement industry, particularly the cement manufacturers.<\/p>\n
\u201cSuch an approach, he said, \u201cundermines the principles of fairness, transparency, and inclusive decision-making, which are vital for the effective governance and regulation of the industry.<\/p>\n
\u201cHe said the Chamber believed that the issues leading to the escalation of cement prices were complex and multifaceted, primarily driven by the rapid and consistent depreciation of the Ghanaian cedi against the US dollar.<\/p>\n
Addressing those challenges, Dr Dawson-Ahmoah noted, required a comprehensive understanding and collaborative effort from all relevant parties, including the Ministry of Trade and Industry, cement manufacturers, and other stakeholders.<\/p>\n
\u201cThe unilateral attempt by the Hon. Minister to introduce this proposal to\u00a0Parliament\u00a0without engaging with us is not only unfair but also detrimental to the spirit of partnership and mutual respect that should guide our collective efforts to stabilize and grow the industry,\u201d the CEO of COCMAG stated.<\/p>\n
In light of the concerns, the COCMAG urged\u00a0Parliament\u00a0to decline the proposed Legislative Instrument.<\/p>\n
The Chamber further urged\u00a0Parliament\u00a0to direct the Minister of Trade and Industry to engage with the Chamber of Cement Manufacturers and other relevant stakeholders to discuss and address the underlying causes of the price escalation.<\/p>\n
The CEO said such a collaborative approach would enable the Chamber to develop effective and sustainable solutions that considered the interests of all parties involved.<\/p>\n
\u201cWe trust that you will consider our petition so as to ensure that the voices of the primary stakeholders in the cement industry are heard and respected,\u201d the CEO, also the Anglican Bishop of Nkoranza, said in the petition to\u00a0Parliament.<\/p>\n
\u201cWe remain committed to working collaboratively with the government to achieve a stable and prosperous cement industry in Ghana,\u201d it added.<\/p>\n
Source:\u00a0<\/strong>GNA<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Chamber of Cement Manufacturers (COCMAG) has expressed concern about a recent proposal of a Legislative Instrument (LI) in\u00a0Parliament\u00a0to regulate cement prices. The Minister of Trade and Industry,\u00a0Kobina Tahir Hammond\u00a0had made the proposal to ensure uniformity and stability in cement prices nationwide. However, Dr George Dawson-Ahmoah, the Chief Executive Office of COCMAG, who voiced the […]<\/p>\n","protected":false},"author":1,"featured_media":193672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-193671","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Chamber of Cement Manufacturers opposes \u2018unilateral\u2019 price regulation move by Trade Minister \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/06\/26\/chamber-of-cement-manufacturers-opposes-unilateral-price-regulation-move-by-trade-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chamber of Cement Manufacturers opposes \u2018unilateral\u2019 price regulation move by Trade Minister \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Chamber of Cement Manufacturers (COCMAG) has expressed concern about a recent proposal of a Legislative Instrument (LI) in\u00a0Parliament\u00a0to regulate cement prices. 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