Audio By Carbonatix
The Executive Secretary of the Cement Manufacturers Association of Ghana (CMAG) is taken aback by the move by the Trade Ministry to introduce a Legislative Instrument (L.I) to regulate the price of cement products.
Rev. Dr. George Dawson-Ahmoah insists that this approach by the Minister to reduce prices is akin to putting the cart before the horse.
According to him, his outfit was not even consulted before this proposal and therefore has no idea about what the draft document entails.
"We don't know anything about it. And with my common knowledge in legislative instruments, don't you involve stakeholders before it gets to Parliament? Don't you involve stakeholders in the process?" he quizzed on Tuesday.
This follows a public uproar over the increasing price of the commodity.
To address this, the Minister laid a fresh legislative instrument, which was vehemently opposed by the Minority.
The NDC MPs are demanding that the legislative instrument (LI) go through pre-laying procedures before being formally laid on the floor.
Speaking on Joy FM’s Top Story, Dr. Dawson-Ahmoah believes the Minister is approaching the problem incorrectly.
He suggests that the government should instead focus on solving the economic challenges.
According to him, the price increase is driven by the depreciation of the local currency.
"Why is the Minister avoiding or just running away from this discussion? Previously, our position has been that these prices of cement, the increase of prices of cement, it is not done in a vacuum. It is not done just because we wake up in the morning and do it.
It is as a result of a negative trend in the economy, which is warranting such increases, and that is the issue. And like I said, what is happening now with cement prices is just because of the rapid and consistent depreciation of the cedi against the foreign currencies.
For these reasons, he declared his opposition to the move.
Latest Stories
-
24-Hour Economy not just talk — Edudzi Tamakloe confirms sector-level implementation
21 minutes -
Four arrested over robbery attack on okada rider at Fomena
23 minutes -
NDC gov’t refusing to take responsibility for anything that affects Ghanaians – Miracles Aboagye
48 minutes -
Parental Presence, Not Just Provision: Why active involvement in children’s education matters
1 hour -
24-Hour economy policy fails to create promised jobs – Dennis Miracles Aboagye
2 hours -
Ghana Embassy in Doha urges nationals to take shelter after missile attack
2 hours -
Government’s macroeconomic stability commendable, but we need focus on SME growth – Victoria Bright
2 hours -
Macro stability won’t matter without food self-sufficiency- Prof. Agyeman-Duah
2 hours -
How Virtual Security Africa is strengthening safety at Mamprobi Polyclinic
2 hours -
Ghana on right track macroeconomically, but structural gaps remain – Fred Dzanku
2 hours -
ADB MD honoured for impactful leadership at PMI Ghana engagement
3 hours -
Bringing Ofori-Atta’s photo to Parliament and displaying it was unfair – Afenyo-Markin
3 hours -
Minority leader calls 24-Hour economy policy more PR than practical solution
3 hours -
Afenyo-Markin accuses government of using anti-corruption drive to target opponents
3 hours -
GPL: Kotoko announce new board of directors
4 hours
