Ministry intervenes in Diamond-Dangote cement disagreement

Ministry intervenes in Diamond-Dangote cement disagreement

Ghana’s Trade Ministry is set to probe allegations of the inability of some local manufacturing companies to penetrate the Nigeria market  via export.

According to the Deputy Communications Manager at the trade Ministry, Ahmad Nasir the ministry will  fall on the recommendations of the Tariff Advisory Board of the ministry mandated to conduct the investigations.

In the past months local cement manufacturer, Diamond cement have been complaining what it calls undue competition from Nigeria cement manufacturer, Dangote cement.

According to Diamond cement, Dangote cement’s involvement in the retail of the product on the Ghana market is problematic.

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This is Diamond cement is alleging has reduced its annual production capacity to 1.3 million bags from 1.8 bags.

But, Mr. Nasir in an interview with Citi Business News said, “Diamond cement’s point was that looking at the price of input into the manufacturing of cement, there was no way Dangote could produce in Nigeria, bring goods into Ghana, pay tariffs and still sell at a price lower than theirs. They are suspecting that something fishy was going on.”

"At this stage it is an allegation until it is investigated, no action can be taken, within two weeks or so, this issue should be dealt with,” he added.

 

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