L.I for cement prices is to get the perfect balance between production and the purchase end – Trade Minister

Minister of Trade and Industry Kobina Tahir Hammond has insisted that the Legislative Instrument (L.I) to regulate prices is good for the market.

He says the L.I. is meant to get the perfect balance between the two – the production end and the purchase end

Speaking during a stakeholder meeting with the Ghana Chamber of Construction Industry, K.T. Hammond, he said “Those who are not happy with it, they themselves and their agents are going all over the place asking some leading Members of Parliament to ensure that it is blocked. It is an exercise in futility. You can’t do that. When it is laid, it is laid.”

He added “What is important that I want you to take away from here is that the L.I does not seek to control prices. It doesn’t control. We can only continue to use the word regulation.”

“I think we have taken some trouble to explain what we mean by regulation… to get the perfect balance between the two – the production end and the purchase end,” K.T Hammond said.