\n
Trade and Industry Minister K.T. Hammond has asserted that attempts to block the Legislative Instrument (L.I.) aimed at regulating cement pricing in the country will not succeed.<\/strong><\/p>\nThe L.I. was laid in Parliament on Tuesday, July 9, by the Minister of Trade and Industry, K.T. Hammond, but it has since faced strong opposition from cement manufacturers.<\/p>\n
At a stakeholder meeting with the Ghana Chamber of Construction Industry, K.T. Hammond revealed that some persons were attempting to have the L. I blocked from maturing into law, warning that such plans would not materialise.<\/p>\n
He insisted that the L. I was seeking to curb excessive profiteering by some cement manufacturers and also enhance transparency in the pricing of cement in the country.<\/p>\n
\u201cThose who are not happy with it, they themselves and their agents are going all over the place asking some leading Members of Parliament to ensure that it is blocked. It is an exercise in futility. You can\u2019t do that. When it is laid, it is laid.<\/p>\n
\u201cWhat is important that I want you to take away from here is that the L.I does not seek to control prices. It doesn\u2019t control. We can only continue to use the word regulation.<\/p>\n
\u201cI think we have taken some trouble to explain what we mean by regulation\u2026 to get the perfect balance between the two \u2013 the production end and the purchase end,\u201d K.T Hammond said.<\/p>\n
citinewsroom.com <\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Trade and Industry Minister K.T. Hammond has asserted that attempts to block the Legislative Instrument (L.I.) aimed at regulating cement pricing in the country will not succeed. The L.I. was laid in Parliament on Tuesday, July 9, by the Minister of Trade and Industry, K.T. Hammond, but it has since faced strong opposition from cement […]<\/p>\n","protected":false},"author":1,"featured_media":140490,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-201921","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Attempts to block cement L.I won\u2019t materialise \u2013 K.T Hammond \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\/22\/attempts-to-block-cement-l-i-wont-materialise-k-t-hammond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attempts to block cement L.I won\u2019t materialise \u2013 K.T Hammond \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Trade and Industry Minister K.T. Hammond has asserted that attempts to block the Legislative Instrument (L.I.) aimed at regulating cement pricing in the country will not succeed. The L.I. was laid in Parliament on Tuesday, July 9, by the Minister of Trade and Industry, K.T. 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