Confusion at GHACEM may affect cement price

The Executive of the National Association of Cement Distributors have called on the management of Ghana Cement Works (GHACEM) to resolve the confusion with their staff before it leads to a hike in the price of the product.

They expressed the fear that if the impasse was not resolved, the situation might lead to shortage of cement on the market, create price hike and eventually affect the building and construction industry.

The Association expressed the fear at its National Delegates' Conference held in Takoradi at the weekend. It said the early resolution of the impasse would enable the members to lift locked up cement without further delay.

The Association said its members have not been supplied since three weeks ago and this is creating serious financial problems for them.

It explained that most members are operating with bank loans and would be expected to pay interest so the impasse was going to push some of them into bankruptcy.

The Executive said they might be compelled