Trade Minister

Get Licensed Or Shut Down – Trade Minister Directs Cement Producers
02 Oct

Get Licensed Or Shut Down – Trade Minister Directs Cement Producers

Wontumi1Business, ,
The Minister of Trade and Industry, K. T. Hammond, has directed cement manufacturers to secure licences or halt production immediately. The minister issued the directive last Tuesday to the Cement Manufacturing Development Committee (CMDC), set up last year to regulate the industry, for prompt enforcement. The directive follows the coming into force of the Ghana Standards Authority’s Manufacture of Cement Regulation, 2023, (L.I. 2480), which mandates existing companies to re-register and secure a licence and prohibits new factories without a licence from operating. Throwing light on the new regime, the Director-General of the GSA, Professor Alex Dodoo, who chairs the…
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Trade Minister Orders Uniform Cement Prices Across Country
13 Mar

Trade Minister Orders Uniform Cement Prices Across Country

Wontumi1Business,
Drawing a parallel between the cement and the petroleum retail sectors, where pump prices in the latter are consistent across the country, Mr Hammond emphasised the need for a similar pricing structure in the cement industry to promote price stability and uniformity. He also emphasised the need for retail prices to be reasonably close to factory prices, urging against significant markups. The minister gave the directives in Accra last Friday when he swore in members of the newly established Cement Manufacturing Development Committee, which is now responsible for the regulation of the cement industry. The industry had operated without regulatory…
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