Ghana's Chamber of Cement Manufacturers (COCMAG) opposes government regulation on cement prices, citing local currency exchange rate impact and lack of consultation.
Ghana's Chamber of Cement Manufacturers (COCMAG) disputes proposed government regulation on cement prices, arguing that 80% of local production costs are tied to the local currency exchange rate. COCMAG claims the cement sector has not been adequately consulted about the proposed Ghana Standards Authority (Pricing of Cement) Regulations 2024, which may have negative effects on the construction industry.
July 19, 2024
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