{"id":196149,"date":"2024-07-03T17:17:25","date_gmt":"2024-07-03T17:17:25","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/03\/kt-hammond-to-present-li-on-cement-price-regulation-to-parliament-after-failed-stakeholder-meeting\/"},"modified":"2024-07-03T17:17:25","modified_gmt":"2024-07-03T17:17:25","slug":"kt-hammond-to-present-li-on-cement-price-regulation-to-parliament-after-failed-stakeholder-meeting","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/03\/kt-hammond-to-present-li-on-cement-price-regulation-to-parliament-after-failed-stakeholder-meeting\/","title":{"rendered":"KT Hammond to present LI on cement price regulation to parliament after failed stakeholder meeting \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Trade and Industry\u00a0Minister\u00a0K.T Hammond is anticipated to present to Parliament the regulatory measure aimed at controlling cement prices after representatives of cement manufacturers skipped a stakeholder meeting on Monday, July 1, 2024.<\/strong><\/p>\n<p>Concerns have arisen regarding the escalating prices of cement, with a sack retailing at an average of GH\u00a2105. To curb the increase, the government initiated procedures to regulate prices through a legislative instrument.<\/p>\n<p>A session was arranged between the Trade and Industry Minister and key figures in the cement industry to deliberate on the LI, but the latter abstained.<\/p>\n<p>Delegates from major cement producers like GHACEM, Dangote, CBI, Cimaf, and Diamond Cement chose not to participate in the stakeholder meeting.<\/p>\n<p>The decision to boycott was triggered by the unexpected presence of the media at the Ministry\u2019s premises.<\/p>\n<p>The representatives noted that the meeting was supposed to be private. They expressed surprise and discontent over the minister\u2019s decision to invite the media without prior notification, leading to their withdrawal from the session.<\/p>\n<p>Despite the boycott, KT\u00a0<strong>Hammond\u00a0<\/strong>insisted on involving the media in the meeting. He proceeded to address the journalists, underscoring his dedication to safeguarding the state\u2019s interests.<\/p>\n<p>The National Democratic Congress (NDC) has denounced the LI as evidence of the Akufo-Addo-led government\u2019s harsh treatment of Ghanaians.<\/p>\n<p>Consumer Protection Organization, Cuts International, also condemned the LI and urged Parliament to reject it when it is presented.<\/p>\n<p>tigpost.co <\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trade and Industry\u00a0Minister\u00a0K.T Hammond is anticipated to present to Parliament the regulatory measure aimed at controlling cement prices after representatives of cement manufacturers skipped a stakeholder meeting on Monday, July 1, 2024. Concerns have arisen regarding the escalating prices of cement, with a sack retailing at an average of GH\u00a2105. To curb the increase, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":196151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-196149","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KT Hammond to present LI on cement price regulation to parliament after failed stakeholder meeting \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\/07\/03\/kt-hammond-to-present-li-on-cement-price-regulation-to-parliament-after-failed-stakeholder-meeting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KT Hammond to present LI on cement price regulation to parliament after failed stakeholder meeting \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Trade and Industry\u00a0Minister\u00a0K.T Hammond is anticipated to present to Parliament the regulatory measure aimed at controlling cement prices after representatives of cement manufacturers skipped a stakeholder meeting on Monday, July 1, 2024. Concerns have arisen regarding the escalating prices of cement, with a sack retailing at an average of GH\u00a2105. 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