The Cedi's depreciation, drive cement price hikes
The Executive Secretary of the Cement Manufacturers Association of Ghana (CMAG), Rev. Dr. George Dawson-Ahmoah, has expressed surprise at the Trade Ministry's move to introduce a Legislative Instrument (L.I) to regulate cement prices.
He criticized the Ministry for not consulting CMAG beforehand, questioning the process's transparency.
Dawson-Ahmoah believes the Minister's approach is misguided, emphasizing that economic issues, particularly the Cedi's depreciation, drive cement price hikes.
He urged the government to address
s these underlying economic challenges rather than imposing price regulations. This follows the Minority's opposition to the L.I., demanding it undergo pre-laying procedures before Parliament's formal consideration.
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