Government of Ghana places ban on issuance of permits to new cement companies, here’s why

The Ministry of Trade and Industry has placed a ban on the issuance of permits to companies that want to set up cement processing plants in the country.

Government of Ghana places ban on issuance of permits to new cement companies, here’s why

According to the ministry, it is as well taking steps to halt the importation of the product.

The Deputy Minister of that Trade Ministry, Carlos Kingsley Ahenkorah made the revelation while he spoke at the Customer Awards Dinner of a cement manufacturer, CIMAF.

He noted that the move is part of measures to protect and encourage the growth of existing cement processing companies.

Mr Ahenkorah added that the temporary ban and the restrictions on imports were meant to support the current eight cement manufacturers that operated in unfair competition.

"The ministry has taken note of the challenges in the industry and has decided not to increase the number of cement factories in the near future. Secondly, we have tried very hard to prevent the importation of the products into the country," he said.

With eight processors, he explained that the country’s installed capacity for cement production was about 13 million tonnes annually, but only half was utilised, leaving an excess capacity of 6.5 million tonnes.

For that reason, he said deliberate steps were also needed to ensure that the excess cement was exported to neighbouring countries.

The eight are Ghacem Limited, CIMAF Ghana Limited, Diamond Cement Group, Dangote Cement Ghana Limited, CBI Ghana Limited, Wan Heng Ghana Limited, Xin Ann Safe Cement Limited and Pozzolana Ghana Limited (PGL).

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

The history of the Ojuelegba area in Lagos

The history of the Ojuelegba area in Lagos

Bandits open fire on President Buhari's convoy in Katsina

Bandits open fire on President Buhari's convoy in Katsina

Clubless Super Eagles star Kelechi Nwakali surprisingly rejects ₦9.9million salary

Clubless Super Eagles star Kelechi Nwakali surprisingly rejects ₦9.9million salary

2023: Peter Obi speaks on his choice of running mate

2023: Peter Obi speaks on his choice of running mate

Controversy surrounds Abba Kyari’s whereabouts after attack on Kuje prison

Controversy surrounds Abba Kyari’s whereabouts after attack on Kuje prison

2023: Why the Obidient movement is a useless one – Asari Dokubo

2023: Why the Obidient movement is a useless one – Asari Dokubo

'Nigeria is blessed' - Mikel Obi boasts about his country

'Nigeria is blessed' - Mikel Obi boasts about his country

'Ghana is using Nigeria to build their team' - Reactions as Inaki Williams dumps Spain for Black Stars

'Ghana is using Nigeria to build their team' - Reactions as Inaki Williams dumps Spain for Black Stars

Popular pastor gifts homeless veteran Nollywood actor Kenneth Aguba free accommodation

Popular pastor gifts homeless veteran Nollywood actor Kenneth Aguba free accommodation