The Minority caucus in Parliament has criticised the government over what it describes as a decision to reopen Ghana’s cement import market, warning that the move could undermine local manufacturers.
Thank you for reading this post, don't forget to subscribe!At a meeting with the Ghana Employers Association, the Ranking Member of Parliament’s Trade and Industry Committee, Michael Okyere Baafi, argued that recent policy shifts have relaxed earlier restrictions that once shielded domestic producers from foreign competition.
He explained that under the previous administration led by Nana Akufo-Addo, deliberate measures were introduced to limit cement imports and control the entry of new players into the industry. According to him, these steps were intended to strengthen local production and maintain quality standards within the market.
Baafi claimed that the current government has reversed some of these protections, creating room for increased imports and new entrants, which he believes could destabilise the industry. He warned that such changes may lead to an influx of cheaper or substandard cement products, ultimately putting pressure on local businesses.
The issue has intensified discussions around Ghana’s cement sector, which has already been facing rising production costs, exchange rate challenges and stiff competition. Industry players have also expressed concerns about pricing and maintaining product quality in an increasingly competitive environment.
The Minority maintains that easing restrictions at this time could further strain domestic producers, many of whom are struggling to stay competitive.
While the government is yet to respond directly to these claims, it has in the past justified liberalisation efforts as a way to promote fair competition, stabilise supply and ensure affordable prices for consumers.