The Executive Secretary of the Ghana Real Estate Development Association (GREDA) views the proposed Legislative Instrument (L.I.) for cement prices as a positive step forward.
However, he pointed out that it may not fully address the issue of soaring prices, citing underlying concerns that still need to be resolved.
During an interview on Adom FM’s morning show, Dwaso Nsem Tuesday, Sammy Amegayibor highlighted the critical role of cement in construction, stressing how price fluctuations significantly affect their operations.
As a result, consumers would welcome any effort to regulate and stabilize cement prices.
“I’m not too sure the L.I is the solution except if the Ministry has listened and interrogated the concerns of the manufacturers about the factors responsible for the increment. If not, it will be premature to proceed with the L.I asking what the fundamental issues are.
If you reduce the price of cement today/tomorrow, we will be very happy but we have to be very fair because we are all in the business of manufacturing,” he added.
Mr Amegayibor has therefore admonished the Trade Minister, Kobina Tahir (K.T) Hammond to engage the manufacturers to guide the best way forward.