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BusinessGSA Pricing Cement Regulation 2024 will not be withheld – Majority Leader

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GSA Pricing Cement Regulation 2024 will not be withheld – Majority Leader

Ghana’s Majority Leader of Parliament, Alexander Afenyo-Markin, emphasized that the ‘Ghana Standards Authority Pricing of Cement Regulation 2024’ will not be withdrawn despite recent developments.

Earlier, Kobina Tahir Hammond, Minister of Trade and Industry, introduced a Legislative Instrument (LI) aimed at addressing rising cement prices.

However, Speaker of Parliament Alban Bagbin reportedly advised Minister Hammond to withdraw the LI due to concerns that its provisions might face legal challenges related to price control under existing legislation.

In response, Afenyo-Markin, speaking to the Parliamentary Press Corps, clarified that the concerns of the Minority and other stakeholders had been addressed during prior deliberations.

He highlighted that all amendments proposed by the Minority had been incorporated into the revised LI before its submission.

He questioned the Minority’s subsequent objections, emphasizing that their input had been integrated into the legislation in good faith.

“Now true to his word, Hon. K.T Hammond incorporated every single amendment proposed by the Subsidiary Legislation into the new LI before same was laid.”

“The LI, which was previously brought to Parliament was changed. Every amendment which was proposed by the Minority was factored into the new LI: so, the question is: why must the Minority come the next day to attack government?”

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