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Prices of Cement: We have morally tried to engage cement manufacturers, they haven’t listened – Trade Minister.

The soaring prices of cement have become a growing concern for many Ghanaians, as the essential building material continues to see price hikes. Trade Minister K. T. Hammond recently addressed the issue, stating that the government has made concerted efforts to engage with cement manufacturers to stabilize prices, but these efforts have not yielded the desired results.

In a press conference held in Accra, Minister Hammond outlined the steps taken by the Ministry of Trade and Industry to address the escalating cost of cement. “We have morally tried to engage cement manufacturers through various dialogues and negotiations, aiming to find a solution that benefits both producers and consumers. Unfortunately, our appeals have not been heeded,” Hammond said.

The Minister explained that the government has been proactive in facilitating discussions with key stakeholders in the cement industry. These discussions have focused on factors contributing to the price increases, including production costs, raw material availability, and market dynamics. Despite these efforts, cement prices have continued to rise, putting pressure on the construction industry and ordinary citizens.

The price of cement has a significant impact on the broader economy, particularly the construction sector, which is a major driver of growth and employment in Ghana. The continuous price hikes have led to increased costs for construction projects, affecting housing affordability and infrastructure development.

Minister Hammond emphasized the government’s commitment to finding a sustainable solution to the issue. “We are exploring all possible avenues to bring relief to consumers. This includes considering policy interventions and regulatory measures that can help curb the price increases,” he stated.

The Ministry of Trade and Industry is also working closely with other government agencies to monitor the situation and develop strategies to mitigate the impact of high cement prices. Hammond called on cement manufacturers to cooperate with the government in addressing the issue, stressing the importance of fair pricing for the overall economic well-being of the country.

The response from cement manufacturers has been mixed, with some citing external factors such as global supply chain disruptions and increased costs of imported raw materials as reasons for the price hikes. Others have expressed willingness to engage in further dialogue with the government to find mutually beneficial solutions.

As the government continues its efforts to address the issue, Ghanaians remain hopeful that a resolution can be found soon. The rising cost of cement underscores the need for collaborative efforts between the government, industry stakeholders, and consumers to ensure that essential building materials remain affordable and accessible.

The outcome of these ongoing efforts will be closely watched, as the construction sector and the broader economy depend on the stabilization of cement prices for continued growth and development.

story filed by: Nana kwaku Duah

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