
Audio By Carbonatix
The Head of Strategy and Cooperate Affairs of Ghana Cement Company (Ghacem), Dr George Dawson-Amoah has dismissed the notion that there is monopoly in the production and sale of cement in Ghana, saying such thinking is imaginary.According to him, the monopoly Ghacem enjoyed in the cement market was
broken in March 2000 when Diamond Cement Company entered the market.In an interview on Joy FM's Super Morning Show Thursday, Dr Dawson-Amoah said there are currently four cement manufacturing companies in Ghana with one importer.He stressed that the fact that Ghacem holds a lion share in the market – 55%, Diamond cement 35%, Greenview 7-8%, an integrated plant in the North and an importer called Fortress – does not mean it has monopoly.“…We have a trade liberalization policy in Ghana which allows anybody at all, any business entity to import provided you actually go by the rules and regulation of the trade policy,” he maintained.Dr Amoah insisted that Ghacem is not afraid of completion but highlighted: “What we have been trumpeting is that it should be on a fair level ground.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Bolt rewards outstanding drivers with household appliances, fuel vouchers
3 minutes -
GEPA opens Ghana Trade House in Philadelphia, deepening commercial footprint in USA
12 minutes -
Bill to end witchcraft accusations under consideration—Local Govt Minister
30 minutes -
Calgary University professor leads experts at a free virtual data science and AI conference
36 minutes -
Sentuo Oil Refinery expansion will reduce fuel imports when completed – John Jinapor
37 minutes -
Sahara Group advances energy journalism in Africa with US$5,000 Fellowship
41 minutes -
Christmas market attacker jailed for life for murdering six in Germany
44 minutes -
High Commissioner urges Ghana to look beyond the west for economic solutions
46 minutes -
Ban on ‘takeaway packs’ driven by serious health risks, EPA explains
57 minutes -
Parliament must be guarantor of press freedom – Minority Leader advocates
58 minutes -
Media urged to inform and hold power accountable
1 hour -
Photos: Mahama cuts sod for Phase II of Sentuo Oil refinery expansion
1 hour -
THE LAW 101: Larry’s contempt judgment
1 hour -
Two killed, four injured in head-on collision at Abease on Takoradi highway
2 hours -
AMA deploys truck to clear refuse at Kaneshie Market entrance
2 hours