Ghana cement Mahama cautions cement companies over 'unfair' trade practices

The Cement Manufacturers Association of Ghana, however, accused Nigeria of unfair trade practices especially pertaining to the operations of Dangote Cement in Ghana.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

President John Mahama has cautioned foreign companies operating in the country, especially, in the cement industry, against 'unfair' trade practices.

According to him, some foreign companies engage in practices that put local ones at a disadvantage.

His comment follows agitations by local cement manufacturers that unfair competition in the industry is putting them out of business.

 

Read more: Diamond Cement to lay off 50% of its staff

The Cement Manufacturers Association of Ghana (CMAG), have demanded that government respond to Nigeria’s non-tariff barrier which makes it impossible for any Ghanaian company to export to Nigeria.

They, however, accused Nigeria of unfair trade practices especially pertaining to the operations of Dangote Cement in Ghana.

 

The association explained that under the ECOWAS trade liberalisation scheme which comes with attendants on fair trade, Dangote Cement could export cement to Ghana with no harm and foul, but "when a country subsidizes imports into another country, it is unfair trade."

Read also: Spio justifies cement imports from China

However, Dangote Cement has described as "inaccurate" and "untrue" the accusations of tax evasion, dumping and other unfair trade practices levelled against it by local cement manufacturers.

 

But President Mahama commissioning CIMAF cement factory located in the Free Zones enclave in Tema, a Moroccan cement firm, said his administration will do everything possible to protect local companies.

Related: Spio has stabbed us in the back - Cement manufacturers

 

The 60-million euro cement plant in Tema will produce one million tonnes of cement a year.

President Mahama expressed the hope that, the project would help stabilise the price of the product on the market. 

He touched on the current price hike in cement and said the situation had links with rumours of an impending shortage of the product.

Download our mobile app today.

Android - Google Play Store

iPhone - Apple App Store

Recommended Articles

Recommended Videos





Top Articles

1 Asantehemaa's Death Funeral of Asantehemaa underway [Photos]bullet
2 Christmas Hamper Nana Addo rejects GH¢500,000 from corporate organisationbullet
3 Inauguration Day Nana Addo makes fun of plagiarism gaffebullet
4 Ghana's Transition Mahama packs out of state bungalowbullet
5 Asantehemaa’s Funeral Nana Afia Kobi to be buried with gold...bullet
6 NPP Government Foreign Ministry re-assigns director of passportbullet
7 Refugee Ghanaian to lose fingers after 7-hour trek to cross...bullet
8 Nude Pictures Journalist arrested for blackmailing women...bullet
9 Transition Challenges NDC, NPP clashes over DCE'S car in...bullet
10 Asantehemaa's Death I'm homeless; Otumfuo Osei Tutu II...bullet

Top Videos

1 In Zimbabwe President Mugabe’s 70 year-old aide marries his 23-year-old...bullet
2 Refugee Ghanaian to lose fingers after 7-hour trek to cross US borderbullet
3 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
4 Vitiligo Enam Honya - is challenging what you think about beautybullet
5 Obinim What happen'd when we fact checked Obinim's Bible knowledgebullet
6 Kwame Nkrumah Interchange Water leaks from hole in wall at new...bullet
7 Obinim saga We had sex only once - Obinim victims confessbullet
8 Video Taxi driver terrified after an encounter with a ghostbullet
9 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
10 Accra Floods Adabraka floods after downpourbullet

News