Pulse.com.gh logo
Go


Market Protection Trade Ministry bans importation of cement to Ghana

This follows the maturation of the Import and Export Regulations Bill, that takes effect from this week.

  • Published:
Diamond Cement play

Diamond Cement

From Friday August 5, 2016, importation of cement to Ghana would be banned.

This follows the maturation of the Import and Export Regulations Bill, that takes effect from this week.

According to the Bill, persons or companies  that wish to import cement would require a license, failure of which would attract punitive measures from the state, ranging from fines, to prison sentences or both.

READ MORE: Dangote Cement vows to drive prices of cement down

In order to guard against defaulters of this new regulation, the Trade and Industry Ministry is establishing a Portland Cement Monitoring Committee (PCMC) to implement and enforce the provisions of the regulation.

The committee will also advise the Trade Ministry on importation, pricing and local production of Portland cement.

The move is believed to be in response to calls from local producers  who have called on government to protect them from unfair competition from imported cement.

Currently, the Ghanaian cement market is dominated by GHACEM, produced by the Heidelberg Cement Group, Diamond Cement produced in Afloa in the Volta Region, and Dangote Cement which is exported from Nigeria, but for long.

Dangote Cement is reportedly establishing a manufacturing plant in Takoradi.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
3 Banking Crises Sahel Sahara and Omni Bank become latest to mergebullet
4 Nana Appiah Mensah Menzgold boss apologises to BoG after Twitter rantbullet
5 Increment Fuel prices to go up again – IESbullet
6 Incompetence Otabil wasn't qualified to be Capital Bank Board...bullet
7 Bank Collapse Capital Bank Board misused GHC 610 million...bullet
8 Banking In Ghana Stranded customers of First Allied...bullet
9 Capital Bank Collapse Here are the roles of a...bullet
10 Collapsed Banks Here are the auditing firms for the 7...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Support Finance minister buys Kantanka carbullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 New Phones Nokia MWC 2018 Event in 5 minutesbullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Video We are determined to move Ghana beyond aid - Bawumiabullet

Business