<\/p>\n
Amid heated disputes over the newly proposed price control framework, the Chamber of Cement Manufacturers, Ghana (COCMAG) is calling for constructive dialogue and collaboration with government.<\/strong><\/p>\n The cement industry is urging a reconsideration of what it describes as the \u2018heavy-handed\u2019 approach embodied in the Ghana Standards Authority (Pricing of Cement) Regulations, 2024 (L.I.) proposed by trade minister K.T. Hammond.<\/p>\n \u201cCOCMAG urges government to reconsider this heavy-handed approach and engage in constructive dialogue with the industry. Transparency in cost structure, a focus on long-term solutions like promoting local sourcing of raw materials and open communication are key elements for ensuring a sustainable and affordable cement supply for Ghana,\u201d it said in a statement.<\/p>\n COCMAG\u2019s appeal comes as the sector grapples with implications of the regulations, which grant a government committee at the Ghana Standards Authority (GSA) power to reject a cement producer\u2019s reported price without explanation or appeal. Additionally, the regulations prohibit sales of cement without committee-approved pricing, with non-compliance potentially leading to licence suspension.<\/p>\n High taxes and levies<\/strong><\/p>\n The industry\u2019s concerns are rooted in a complex set of economic and regulatory challenges. Currently, taxes, levies, fees and charges from various government agencies account for an estimated 30 percent of cement\u2019s consumer price. Imported clinker, a crucial component in cement production, is subject to no fewer than 22 different taxes and fees before even reaching production plants.<\/p>\n While acknowledging the country\u2019s need for revenue, the industry stressed the importance of transparency in any efforts to reduce consumer costs.<\/p>\n