Dr Ekwow Spio-Garbrah, the Ghanaian Minister of Trade and Industries has announced that his Ministry is undertaking a thorough evaluation of various interests in the current trade-war between local cement manufacturers and importers.
In his announcement he stated that the evalaution should enable the Ministry to pronounce appropriately on the issue.
Local cement makers are claiming cement imports from Nigeria and China are flooding the market, and therefore making their businesses uncompetitive.
Dr Spio-Garbrah commented that his ministry expects revenues that make up the shop price of imported cement as provided by the exporters to be transparent.
He also said that competition should make cement prices a little cheaper than it is currently.
The African Development Bank initiative aims to identify key areas of intervention in order to provide better assistance in the management of renewable and non-renewable natural resources.
Local cement sales increased in South Africa in 3Q14, according to reports, while Kenya’s cement industry is seeing the benefit of demand from public and private construction projects.
A recent report by Frost & Sullivan indicates that a lack of infrastructure within Sub-Saharan Africa economies has continued to hamper economic growth and hinder the continent’s drive to be globally competitive and eradicate poverty. However, change is on the way.