Trade Minister orders uniform cement prices across country [Video]

The Minister of Trade and Industry, K. T. Hammond, has directed the newly constituted Cement Manufacturing Development Committee to ensure uniformity in cement prices nationwide.

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 oversight over the years.

The committee was established in accordance with the Ghana Standards Authority (Manufacture of Cement) Regulations, 2023 (LI 2480), which mandates the …