Cement Price Regulation to Boost Transparency – Prof. Alex Dodoo - Onlinetimesgh

Cement Price Regulation to Boost Transparency – Prof. Alex Dodoo

Prof. Alex Dodoo, Chairman of the Cement Manufacturing Development Committee under the Ghana Standards Authority, has highlighted the critical role of transparency in cement pricing to ensure stability in the industry. His comments follow the introduction of a Legislative Instrument (LI) in Parliament by the Minister of Trade and Industry, K.T. Hammond, aimed at regulating cement prices.

Addressing industry stakeholders at a meeting on the new LI, Prof. Dodoo explained that the regulation is not meant to deter potential investors but to enhance transparency in the market. He emphasized the importance of industry agreement on key issues, such as average and ex-factory prices, while assuring that the regulatory measures are not punitive.

Emmanuel Cherry, CEO of the Chamber of Construction Industry, called for detailed discussions on the LI’s content. He urged the provision of a draft copy for review to address concerns effectively.

The Cement Manufacturing Development Committee (CMDC), inaugurated by Minister K.T. Hammond, is responsible for overseeing and coordinating activities in the cement manufacturing sector, as stipulated by the Cement Manufacturer Regulations 2023 (LI 2280).

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