“In a competitive market both consumers and producers are presented with affordable and wider choices of quality goods and service and this brings about efficiency in allocation of resources, thus the benefits of a competitive market cannot be overlooked. In a an emerging economy like Ghana, it is important to embrace the need for a … Read more
Over the past couple of months, local cement manufacturers in the nation have greatly expressed concern over unfair competition by foreign producers, particularly Nigeria’s Dangote Cement. Complaints directed to the government include that the activities of the foreign companies on the market makes their operational cost very unfavorable. One of the country’s leading cement producers, Diamond Cement … Read more
The Consumer Protection Agency has blamed the high cost of both residential and commercial properties in Ghana on the monopoly enjoyed by Ghana Cement (GHACEM). According to the CPA, Ghacem often increases prices of cement without taking into consideration the plight of the consumer due to the lack of competition. The comments follow recent concerns … Read more
Expectations are high among cement producers that there will be a recovery in consumption this year after a sharp fall in sales last year on accounts of the recent power supply challenges in the country. B&FT has gathered that cement sales, which is used to gauge activities in the construction sector, suffered about three percent … Read more