ADVERTISEMENT
Get Started
  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us
Homebase Tv - Hbtvghana.com
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
  • Home
  • General News
  • Business News
  • Health
  • Life & Style
  • Politics
    • Press Release
    • Parliament
  • Sports
No Result
View All Result
Homebase Tv - Hbtvghana.com
No Result
View All Result
ADVERTISEMENT
ADVERTISEMENT

Trade Minister meets cement manufacturers over rising prices         

Thu, Jan 18 2024 9:34 AM
in Business, Ghana General News
trade minister meets cement manufacturers over rising prices
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on TelegramShare on Whatsapp
ADVERTISEMENT
cement

The Ministry of Trade and Industry (MoTI), and the Chamber of Cement Manufacturers, Ghana (COCMAG) have agreed to periodically hold consultative meetings with industry players on developments in cement manufacturing, bagging and distribution.

This is to address pertinent issues in the industry, especially prior to the announcement of ex-factory price changes by the individual companies.

A statement from MoTI said the minister, K.T Hammond called the meeting to express concern about the rising cost of cement at the retail end and its adverse economic impact on the economy. 

He wondered how a bag of cement could be selling at ¢95.00 in some parts of the country, even around the Accra/Tema Municipalities.

“The Minister entreated the industry to take cognisance of the widespread effects of price escalation and the need to closely monitor and exercise control over the recommended ex-factory price margins of distributors and retailers of their respective grades of products across the country”.  

According to the statement, the stakeholders agreed on some specific measures agreed on for urgent implementation include the following to stabilize prices.

ReadAbout

CIHRM Ghana confers chartered status on 28 members, 170 associates

CIHRM Ghana confers chartered status on 28 members, 170 associates

CIHRM Ghana confers chartered status on 28 members, 170 associates

It pointed out that Individual companies are to publish the recommended distribution and retail prices of the various grades of products sold in each of their respective distribution zones.  

Companies are also required to vigorously enforce quality standards and weights of cement products on the market to clamp down on the production and distribution of substandard cement products.   

In addition, stakeholders are expected to collaborate on exploring the possibility of introducing a uniform cement pricing formula that ensures uniformity and consistency in retail pricing across the country, taking into account key cost variables.

“The Ministry would like to assure the consuming public that these and any other measures necessary will be implemented in collaboration with the Chamber of Cement Manufacturers, Ghana, to ensure price adjustments are justifiable and within reasonable limits”, the statement ended.

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.

  • President Commissions 36.5 Million Dollars Hospital In The Tain District
  • You Will Not Go Free For Killing An Hard Working MP – Akufo-Addo To MP’s Killer
  • I Will Lead You To Victory – Ato Forson Assures NDC Supporters

Visit Our Social Media for More

About Author

c16271dd987343c7ec4ccd40968758b74d64e6d6c084807e9eb8de11a77c1a1d?s=150&d=mm&r=g

hbtvghana

See author's posts

Discover interesting ones too

Trump will be hosted by King at Windsor during second state visit

Trump will be hosted by King at Windsor during second state visit

0
WAFCON 2024: ‘We have destiny in our hands’ – Black Queens boss Bjorkegren

WAFCON 2024: ‘We have destiny in our hands’ – Black Queens boss Bjorkegren

1

CIHRM Ghana confers chartered status on 28 members, 170 associates

CIHRM Ghana confers chartered status on 28 members, 170 associates

CIHRM Ghana confers chartered status on 28 members, 170 associates

Government gross financing needs to remain elevated; debt service obligations are large – IMF warns

Deloitte appoints George Ankomah as Deputy Chair of Africa Board

Kwame Dadzie: Bash King Paluta but don’t crush him 

T-bills auction: Government fails to meet target for 7th consecutive week; interest rates go up

Beyond Publications and Prestige: Ghana scholarly society charts the path for research that drives real development

  • Ghana and Japan agree to pursue UN Security Council reforms

    Ghana and Japan agree to pursue UN Security Council reforms

    0 shares
    Share 0 Tweet 0
  • I resigned because of Prez. Mahama, NDC – former GBA President

    0 shares
    Share 0 Tweet 0
  • Rastafarian student Oheneba Nkrabea graduates from GIS after Achimota saga

    0 shares
    Share 0 Tweet 0
  • We slept in the same bed, but Ken Ofori-Atta’s legacy betrayed our hope – Frank Adu Jnr

    0 shares
    Share 0 Tweet 0
  • Western Region police arrest 44 suspects in major ‘galamsey’ raid

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
ADVERTISEMENT

Follow Homebase Tv

  • About Homebase Tv | Hbtvghana.com
  • Advertise
  • Broadcast Live
  • Disclaimer
  • Privacy & Policy
  • Terms and Conditions
  • Vacancies
  • Contact Us – Connect With Us

© 2014 Total Enjoyment & Proper News

No Result
View All Result

© 2014 Total Enjoyment & Proper News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.