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I do not accept that cement producers have increased prices – KT Hammond

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KT Hammond, the Minister of Trade and Industry, has expressed concern over the recent increase in cement prices by cement manufacturers and importers.

He called it unjust and inappropriate, calling it a “conspiracy of a cabal of cement producers and importers,” and he criticized the act.

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“During the festivities, I learned in the constituency that the cabal of the cement producers and importers have again conspired and decided to increase the prices of cement, by a considerable figure. I don’t think that that is right. I do not accept that that is right,” he said.

According to KT Hammond, the government has established an environment conducive to corporate growth; so, cement producers must be fair to Ghanaians.

“The government has provided the necessary ambiance and regulatory framework, the proper environment for these companies to operate and do their businesses profitably. I expect that they make their reasonable profits, but what I don’t accept is for them to take the people of Ghana for granted. I can’t understand the basis for the increase,” he added.

 

 

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