President John Dramani Mahama has warned foreigners in the country’s cement industry against unfair trade practices.
The President disclosed this while speaking recently in Tema at the launch of the factory of CIMAF Cement, a Moroccan firm.
The €60 million cement factory, which will operate under the free zones board, has the capacity to produce one million tons of cement annually.
President Mahama bemoaned the unfair practices by some foreign companies in Ghana.
The President’s warning comes on the back of complaints by local cement producers about unfair trade practices in the local cement industry by some foreign firms.
It would be recalled that the Association of Cement Manufacturers of Ghana have accused SOL Cement, Fujian, Dangote Cement and other cement importers of engaging in unfair trade practices to gain competitive advantage over the other counterparts.
For example, the local cement manufacturers, GHACEM and Diamond Cement, say the low prices of Dangote cement and others were adversely affecting their businesses.
Even though Dangote has since debunked the allegations, President Mahama believes foreign firms in the country ought to desist from any trade malpractices aimed at gaining undue advantage over their local counterparts.
He, however, gave the assurance the government would protect local companies.
Source: Daily Guide
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DECEMBER 7 IS THE DAY ALLAH HAS MADE SO GHANA PEOPLE GO OUT IN YOUR NUMBERS AND VOTE FOR CHANGE, JOBS AND PROSPERITY. USE YOUR THUMBS TO KICK OUT THE MOST BARAWO PRESIDENT AND GOVERNMENT GHANA HAS EVER HAD. DECEMBER 7, GO OUT AND VOTE FOR OUR SECOND INDEPENDENCE. INDEPENDENCE FROM CORRUPTION, JULOR KPAKWE, SADA, WOYOME, BUS BRANDING, GYEEDA, SUBAH, EMBRAER PLANES, FORD EXPEDITION, AKONFEM, SICKNESS, TRIBALISM, POVERTY, HUNGER AND WAHALA! ARISE GHANA PEOPLE AND VOTE FOR CHANGE. INSHA ALLAH!!!
This is discussion of business process and practice and we must keep to that instead of throwing mud at the president. This is a discussion of Enterprise and we must keep to that.
if this man should continue to rule with his team come next year,then disaster for Ghana and its industries. Potential employers are waiting for the outcome of the election.if NDC succeds if rigging again,more layoff come next year this mahama continue to make nnoise about road construction and buildings forgetting about interest rate fluctuations now the dollar is 4.05.are the literates in Ghana going to sit down once again for the illiterate to mess up again by assisting NDC again to rig .Ghanaians ,Ghanaians becareful, forget about tribalism and vote for change. do not forget the hardship this NDC caused to you for the past years.Lies thru out. Do not support a party like football team this is about human beans lifes and peoples future ,so reason up and vote for change