KT Hammond Archives - Wontumi Online

12 Nov

Learn To Respect The Authority Of The Supreme Court – KT Hammond To Speaker

Wontumi1NewsKT Hammond, Speaker Alban Bagbin

The Trade and Industry Minister, KT Hammond, has called on Speaker Alban Bagbin to respect the authority of the Supreme Court and adhere to its ruling. This comes after the apex court, in a 5-2 majority decision, declared the Speaker of Parliament’s decision to declare four parliamentary seats vacant as unconstitutional. Speaking to the media after the proceedings, Mr. Hammond strongly criticized Mr. Bagbin’s actions in resisting prior rulings of the court. “The Speaker of Parliament has acted with dictatorial tendencies. The Speaker is supposed to be the custodian of the Constitution, but he has decided that he will not…

06 Sep

Cement Prices Won’t Be Capped, New LI To Ensure Fairness – KT Hammond

Wontumi1BusinessCEMENT PRICES, KT Hammond

The Minister for Trade and Industry, K.T. Hammond, has clarified that the government does not intend to cap cement prices in the near future. His statement follows the implementation of the controversial Legislative Instrument (LI) on cement pricing, which took effect after the mandatory 21-day maturity period. The Trade Minister explained that, the new regulations are designed to promote fair pricing of cement across Ghana. “I am clear beyond argument that there is a certain amount of unfairness in the pricing of cement in the country and I am prepared to make sure that there is some sort of sanity.…

24 May

KT Hammond Slams Minority’s ‘Horror’ Opposition To Import Restrictions Bill

Wontumi1BusinessKT Hammond

The Minister of Trade and Industry, KT Hammond, has criticized the Minority caucus in Parliament for obstructing the Export and Import (Restrictions on Importation of Selected Strategic Products) Regulations 2023. This legislative instrument mandates importers of 22 restricted items to obtain licenses from a committee established by the Minister of Trade and Industry. Speaking at the launch of the 3rd edition of the Made in Ghana Bazaar at the Accra International Conference Centre, KT Hammond claimed that NDC flagbearer John Dramani Mahama had publicly endorsed the policy, even though the Minority had rejected it. “In keeping with their preferred political…

16 May

KT Hammond Orders Immdiate Halt To Cement Price Increases

Wontumi2BusinessKT Hammond

The Minister for Trade and Industry, Kobina Tahir Hammond, has issued a directive for an immediate rollback of recent cement price hikes. Additionally, he has mandated that all cement manufacturers in the country publish retail prices to curb arbitrary increases in major building materials. In a statement released by the Ministry on Tuesday, May 15, the Minister instructed the Cement Manufacturing Development Committee (CMDC) to ensure compliance with these directives without delay. The statement reaffirmed the Minister's previous call for the CMDC to collaborate with cement companies to establish uniform cement prices nationwide. This entails implementing a unified pricing mechanism akin…

30 Apr

K.T Hammond Sells Ghana’s Industrialisation Agenda To US Investors

Wontumi1BusinessKT Hammond

Mr Kobina Tahir Hammond, Minister of Trade and Industry, has urged United States (US) investors to explore mutually beneficial trade ventures with Ghanaian counterparts through the government’s industrialisation agenda. He cited the 1D1F initiative as one of the potential areas of partnership that US businesses could consider, saying the programme had very attractive incentive packages. The Minister, who is on an official visit to Washington, DC, the developed country’s capital, made the call when he visited the offices of the Corporate Council on Africa (CCA) and the US Chamber of Commerce. In separate discussions with the two entities, the Minister…

12 Mar

KT Hammond Inaugurates Committee To Oversee Cement Sector Development

Wontumi1Newscement sector, KT Hammond

Ghana's cement manufacturing sector is set for strategic development and expansion, guided by a newly inaugurated committee led by the Minister for Trade and Industry, Mr. Kobina Tahir Hammond. This committee, consisting of nine members, holds a crucial role in ensuring the effective operation and maintenance of quality standards within the industry. One of its primary tasks is to provide recommendations to the Minister concerning the approval of applications for registration and licensing of cement companies. The committee is also mandated to conduct regular audits and establish audit procedures to ensure compliance with regulations. It will review, evaluate, and approve local…

27 Jan

NPP Primaries: KT Hammond Accuses Opponent Of Attacking His Supporters

Wontumi2NewsKT Hammond

The Member of Parliament for Adansi Asokwa, K.T Hammond, has accused one of his rivals in the Adansi Asokwa NPP parliamentary primaries, Samuel Binfoh Darkwah, of employing thugs to assault his supporters. The outspoken MP alleged that his supporters were attacked in the early hours of Saturday, January 27. While he reported the incident to the police at the voting centre, K.T. Hammond claimed that the Minister of Trade and Industry had also threatened to use thugs against him. Despite the anticipation of a closely contested election, K.T Hammond remains confident of victory. Expressing his concerns, he questioned the intimidation…

14 Dec

K.T Hammond Justifies Tax Exemptions To 1D1F Companies

Wontumi1Business1D1F, KT Hammond

The Trade and Industry Minister, Kobina Tahir Hammond is fighting back accusations that the government is bringing to Parliament too many tax waivers running into GH₵12 billion. According to him, government is doing nothing wrong by bringing to Parliament tax waiver requests for approval. This follows Ranking Member on the Trade and Industry Committee, Yussif Sulemana’s claim that the Minority has identified a GH₵7 billion tax exemption the government intends to introduce under the guise of One District One Factory (1D1F), while in actuality it is seeking to benefit government cronies. Whilst refusing to confirm the numbers put out by the Ranking Member,…

13 Dec

I Am Not A Thief; LI To Restrict Imports Is Not For My Benefit – KT Hammond To Critics

Wontumi1BusinessKT Hammond

Trade and Industry Minister, K.T Hammond has taken a swipe at critics against the Legislative Instruments (LIs) to restrict the importation of some selected items. This is coming after the suspension of the LI by the government. The Trade Minister described the move by the critics as surprising, saying, the move will not create starvation among Ghanaians. He described those against the Legislative Instrument as hypocrites. According to him, the policy is not to take undue advantage of businesses but to build an economy to benefit local firms. Speaking at the 12th AGI Industry and Quality Awards, KT Hammond said…

30 Nov

Trade Minister To Lay Import Restrictions Bill In Parliament Today

Wontumi1BusinessImport restriction bill, KT Hammond, Parliament

The Minister of Trade and Industry, Kobina Tahir Hammond, is today expected to lay before Parliament the Legislative Instrument (L.I.), seeking to restrict the importation of selected products. Known as the Export and Import Regulations 2023, the bill seeks to restrict the importation of 22 selected strategic products such as sugar, rice, poultry, and tripe into the country. This follows a green light by the Speaker of Parliament, Alban Bagbin on Tuesday after the Minority opposed plans to lay it. This was the third time the policy document had suffered a setback in Parliament. The side argued that the L.I. is inimical…