Audio By Carbonatix
Member of Parliament for Tamale Central, Murtala Mohammed, says the attempt by the government to blame the price of cement on the producers is disingenuous.
He noted that 95% of the materials used in cement production in the country are imported.
This follows Trade Minister K.T. Hammond's controversial proposed Legislative Instrument (L.I.) to regulate cement pricing, which has been laid before Parliament.
It is expected to become law in the next 21 days unless a two-thirds majority of Parliament annuls it.
Speaking on the floor of Parliament on Tuesday, July 2, Minority Chief Whip Kwame Governs Agbodza said that they only allowed the L.I. to be laid because it will no longer seek to regulate the prices of cement but require that cement manufacturers report the pricing decisions to the government regularly.
In an interview on the JoyNews' AM Show on Wednesday, Mr Mohammed said, “95% of what is being used to produce cement in this country is imported. There are huge import duties that are imposed by this government on every single thing that is imported in this country, including over 95% of the components that are used in producing this cement.”
Mr Mohammed highlighted that the depreciation of the cedi is largely because these inputs are purchased in dollars, not in cedis.
The Member of Parliament for Tamale Central expressed concern that placing the blame solely on producers is problematic if the government intends to address the issue effectively.
“The government is the major player and determinant of how much cement is to be sold in this country.”
Latest Stories
-
Hussein Mohammed: Hearts midfielder hit with three match ban for attempting to slap referee
13 minutes -
Ukraine ceasefire talks continue as US says ‘progress was made’
14 minutes -
Airbnb fined £56m by Spain for advertising unlicensed properties
14 minutes -
Uncle Ebo Whyte wraps ‘Order for Four’, blends politics, love, and music in festive stage hit
16 minutes -
Asokore Mampong: 2 suspected robbers arrested for killing 28-year-old woman, stealing iPhone 11
17 minutes -
Three Americans killed by IS gunman in Syria, US military says
18 minutes -
Shock and grief after director Rob Reiner and wife Michele found dead
18 minutes -
We’re ready for Kpandai rerun – Electoral Commission
28 minutes -
GACL opens overflow car park at Kotoka airport ahead of Christmas rush
30 minutes -
Cool off this festive season at Joy FM’s family party in the park this boxing day
36 minutes -
Atiwa East DCE fined GH₵12,000 for contempt in galamsey case
1 hour -
Ghana must industrialise or perish: The urgent case for economic self-reliance
1 hour -
Bawumia was a driver’s mate and could not overrule the driver – Adwoa Safo mounts strong defence
1 hour -
Ofori-Atta’s 20% killer tax destroying 24-Hour industralisation
2 hours -
Former Black Galaxies and Great Olympics coach Annor Walker to be laid to rest in January
2 hours
