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Cement prices must be determined by market not govt – Adomako Kissi

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The Member of Parliament for Anyaa Sowutuom, Dr. Dickson Adomako Kissi, has expressed opposition to the Legislative Instrument (LI) proposed by Trade Minister KT Hammond to regulate cement prices.

According to him, cement prices must be regulated by the marketers not the government.

The Chamber of Cement Manufacturers, Ghana, has also opposed the LI, citing concerns about fairness, transparency, and inclusive decision-making.

Speaking on The Big Issue on Channel One News, on June 29, Dr. Adomako Kissi expressed worries that this intervention may bring uncertainty and negatively impact the industry, particularly in an election year.

He advocated for market forces to dictate cement prices, with stakeholders like the Trade Union Congress of Ghana (TUC) intervening only if necessary to prevent abnormal pricing.

“I think that regardless of what’s happening, we are in election year, some things are not necessary beneficial to man during an election year so I worry a bit honestly because cement prices are going up but anything that trips the industry or may bring uncertainty or even a poor production or poor output, can worry us this year though we have months roughly to election.”

“ For my knowledge in terms of agency studies, I think that the pricing of cement should be in the hands of the market not government.”

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