Nana Ohene Ntow, Special Advisor to independent presidential aspirant Alan Kyerematen, has criticised the Legislative Instrument (L.I) aimed at regulating cement prices in Ghana, dismissing it as a superficial solution to deeper economic challenges. 

He argues that while the L.I. addresses immediate price concerns, it fails to tackle the underlying structural issues affecting the economy.

In an interview with TV3 on Saturday, July 6, Nana Ohene Ntow, former General Secretary of the New Patriotic Party (NPP), emphasised that high cement prices and other commodities are symptomatic of broader economic structural challenges.

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He urged the government to prioritise addressing these fundamental issues rather than resorting to short-term fixes like price regulations.

Mr Ntow stressed the importance of implementing policies that foster a conducive economic environment, suggesting that sustainable solutions lie in addressing the root causes of pricing disparities across various sectors. 

He highlighted the need for comprehensive economic reforms that promote efficiency, competitiveness, and resilience.

“All the macroeconomic indicators have problems and so if you go and pick on cement it doesn’t solve the problem. I agree that the government can enforce the regulation, if it has to do with the law then the legal platform would have to be cleaned up."

“But it is a knee-jerk reaction to the reality of the economic situation. If you are able to solve the cement pricing issues, then the next thing is iron rod, the next thing is roofing sheets, then what are you going to do?”