The Ghanaian Ministry of Trade and Industry has announced that it is soon to begin investigations into allegations raised by some Ghanaian cement manufacturing over Dangote Cement operations in the country.
In the last few months Diamond Cement has complained to the government regarding undue competition from Nigeria's Dangote cement. Diamond Cement’s annual production capacity of 1.8 million bags has reportedly dropped to 1.3 million bags as a result.
The Deputy Communications Manager at the trade Ministry, Ahmad Nasir has commented that the Ministry would comply with the recommendations of the Tariff Advisory Board of the Ministry mandated to conduct the investigations.
“Diamond cement’s point was that looking at the price of input into the manufacturing of cement, there was no way Dangote could produce in Nigeria, bring goods into Ghana, pay tariffs and still sell at a price lower than theirs. They are suspecting that something fishy was going on,” Ahmad Nasir stated.
“At this stage it is an allegation until it is investigated, no action can be taken, within two weeks or so, this issue should be dealt with,” he added.
Read the article online at: https://www.worldcement.com/africa-middle-east/02022016/diamond-cement-raise-concerns-dangote-cement-430/