The Minister for Roads and Highways, Kwame Governs Agbodza, has referred to as on cement producers in Ghana to scale back their costs from the present GH¢120, citing the current strengthening of the native forex.
In accordance with him, regardless of the cedi’s good points towards main buying and selling currencies, cement producers have didn’t mirror this enchancment of their pricing. He described this as unfair to shoppers and warned that such producers threat being excluded from upcoming authorities infrastructure tasks.
Talking to journalists forward of the presentation of the mid-year price range, Mr Agbodza mentioned:
Luggage of cement
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While each different commodity has responded to the good points we have now all made collectively as a rustic by lowering costs, cement sellers are refusing to move on the advantages to patrons. Henceforth, the Ministry of Roads and Highways will rethink its engagements with producers who proceed to disregard the necessity for value reductions.
He additional famous that the federal government will prioritise corporations that reveal a willingness to scale back prices in what he described as upcoming “huge” street tasks. He added:
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In figuring out the place we direct main authorities tasks that require cement, we will align ourselves with producers who’re able to move on the good points from forex stability to the Ghanaian folks.
The Minister additionally questioned why cement costs stay excessive regardless of falling prices of imported uncooked supplies utilized in manufacturing.
He said:
“What makes it so tough for cement sellers to move on the good points to the folks of this nation? We can’t sit again and permit them to rob us of this profit. This rent-seeking should cease.”
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When requested what he thought-about a good value for cement, Mr Agbodza instructed GH¢95 as an inexpensive benchmark, stating it will mirror present financial situations extra precisely.
In the meantime, the Ministry is predicted to carry additional consultations with stakeholders to deal with pricing considerations and guarantee truthful practices inside the sector.
