Ghana: Ghana’s minority party in Parliament has accused the government of lifting restrictions on cement imports, warning that the move could harm local manufacturers by increasing foreign competition in the domestic market, according to local press.
Michael Okyere Baafi, Ranking Member on Parliament’s Trade and Industry Committee, said "When we were in government, we closed down SOL cement, we closed down Empire Cement, these companies came back when NDC got to power. We internationally restricted the importation of cement and even the establishment of cement companies in Ghana, but now they have opened the space again for cement companies to come in."
Baafi criticised the current government for reopening the market to imports, arguing that the move could flood the market and weaken domestic investment, especially amid rising production costs and currency pressures.
