The United Retailers Association of Ghana is appealing to the Minister for Trade and Industry to investigate the operations of Ghana Cement works (Ghacem) and Diamond cement to save Ghanaians from unnecessary price hikes. A statement released here signed by its president, Kyeremeh Adom Abayie addressed to the Trade Minister and copied to the Chief … Read more
Following continuous increase in its production capacity, foremost cement manufacturer, Dangote Cement Plc, has finally ended the era of Nigeria’s dependence on importation as the company exports 0.4 million tons of the product to other countries in 2016. In its 2016 full year audited results presented on the floor of the Nigerian Stock Exchange (NSE) … Read more
In its 2016 full year audited results presented on the floor of the Nigerian Stock Exchange (NSE) in Lagos yesterday, Dangote Cement sold 8.6 million metric tons of cement outside Nigeria, which is 54 per cent more than what was sold in 2015. LAGOS, Nigeria, February 28, 2017/ — Following continuous increase in its production … Read more
Diamond Cement has disclosed to Citi Business News it is still considering its decision to lay off fifty percent of the company’s staff over reports that it cannot sustain its operations. Though Diamond cement has not ruled out redundancy of some of the workers, it believes the decision will become necessary when market conditions do … Read more
Diamond Cement has disclosed to Citi Business News it is still considering its decision to lay off fifty percent of the company’s staff over reports that it cannot sustain its operations. Though Diamond cement has not ruled out redundancy of some of the workers, it believes the decision will become necessary when market conditions do … Read more
Ghana is expected to become self sufficient in cement production by the first quarter of 2017 with the construction of more cement factories across the country. Cement production in Ghana currently hovers around 6 million tonnes. The figure is expected to go up to 9.2 million tonnes in 2017 with the coming on board of … Read more
The Industrial and Commercial Workers’ Union (ICU) Ghana has called on Dr Ekwow Spio Garbrah, the Trade and Industry Minister to take immediate actions to salvage the local cement industry. Mr Solomon Kotei, the General Secretary of the Union, said at a press conference organised in Accra, that the government was pushing the local producers … Read more
The chief executive officer of Consumer Protection Agency, Kofi Kapito is urging aggrieved customers of DKM Microfinance Company to sue the Bank of Ghana. Speaking to Onua Business News, he explained that the central bank shirked its responsibilities of playing a supervisory and regulatory role, which he said has resulted in a crisis. He faulted … 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
The Trade and Industry Ministry has clarified the brewing impasse between it and the Cement Manufacturers Association (CMA). In a statement released Monday, sector Minister, Dr Ekwow Spio-Garbrah explained the role of Cement Monitoring Committee (CMC) which he said is mandated to advise him and make recommendations. “However, the L. I does NOT mandate the … Read more
Trade and Industry Minister, Dr. Ekwow Spio Garbrah has clarified that the cement regulation law was set up to regulate the import of cement into the country and not to totally ban them as being asserted by cement manufacturers in Ghana. According to the Minister, the 500 thousand bags imported by Fujian, a Korean cement … Read more