Government of Ghana and Cement Manufacturers Sign MoU to Stabilize Cement Prices

source: Facebook

The Ministry of Trade and Industry has signed a Memorandum of Understanding (MoU) with the Chamber of Cement Manufacturers, Ghana (COCMAG) to strengthen collaboration and address key challenges in the cement industry. The agreement aims to ensure price stabilization and enhance cooperation between the government and industry stakeholders.

Following the MoU signing, a roundtable discussion was held with representatives from the Environmental Protection Agency (EPA), Ghana Standards Authority, Ghana Ports and Harbors Authority, Customs Division of the Ghana Revenue Authority, and COCMAG. The meeting focused on strategic measures to regulate local cement production, sales, and pricing.

The Ministry reaffirmed its commitment to ensuring compliance with Ghana’s trade policies through the Ghana International Trade Commission (GITC), which seeks to eliminate unfair trade practices affecting local industries.

The MoU was signed on behalf of the Ministry of Trade and Industry by its representative, while Mr. Frederic Albrecht signed on behalf of COCMAG.

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