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Business News of Monday, 11 May 2015

Source: Daily Guide

TAB investigates influx of imported cement

Government has directed the Tariffs Advisory Board (TAB) to investigate the influx of imported bagged cement on the country’s market.

Government gave the directive after the Local Cement Producers (LCP) petitioned the Minister of Trade and Industry, Dr. Ekwow Spio Gabrah to address the problem which is negatively affecting their business.

Dr. George Dawson-Amoah, Coordinator of the LCP, in a statement, commended government for giving the directive to the Tariff Advisory Board to carry out investigations.

He said the influx of imported bagged cement in the country was affecting the sales of local cement producers in the country.

Dr. Dawson-Amoah, who is also the Strategy and Corporate Affairs Director of GHACEM, said the imposition of a ban on the importation of bagged cement will help the local cement industry to create more jobs and make financial contribution to the state.

He said LCP has the installed production capacity to meet the increasing demand of cement in the country.

Dr. Dawson-Amoah attributed the collapse of most local industries in the country to unfair trade practices, citing the steel, textile and aluminum industry as some of the sectors which have been affected badly.

He pledged to coordinate with the members which include Diamond Cement, Savannah Cement, Western Diamond Cement to effectively address the numerous problems.