L.I for controlling cement prices is like prescribing paracetamol for a situation that requires surgery – Ohene Ntow



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A
leading
member
of
the
Movement
for
Change,
Nana
Ohene
Ntow,
has
said
that
the
decision
by
the
ministry
of
trade
to
control
the
prices
of
cement
as
misplaced.

According
to
him,
the
best
approach
to
controlling
price
of
cement
and
other
commodities
on
the
market
is
to
tackle
inflation
and
depreciation
of
the
cedi.

“I
agree
with
some
level
of
control.
But
the
decision
to
lay
and
LI
to
control
the
price
of
cement
is
like
prescribing
paracetamol
to
cure
a
headache
whose
root
cause
requires
a
surgery,”
he
said
on
Key
Points
on
July
6.

The
Ministry
of
Trade
has
laid
a
Legislative
Instrument
(L.I)
which
seeks
to
control
the
price
of
cement.
This
move
has
been
opposed
by
the
Cement
Manufacturers
Association.

Speaking
on
the
same
issue
on
Key
Points,
a
private
legal
practitioner,
Martin
Kpebu
called
for
mediation
to
identify
the
way
forward.

He
says
a
mediator
is
needed
to
help
the
two
sides
address
their
concerns.

“When
two
elephants
fight
it
is
the
ground
that
suffers.
They
should
get
a
mediator
to
be
able
to
sit
them
down,
they
should
talk
to
Austin
Gamey,
Nana
SKB
Asante
and
others
so
that
they
can
talk,”
Kpebu
said.

Read
also:


President
of
Cement
Producers
Association
gave
me
the
draft
on
the
L.I
to
regulate
prices

K.T
Hammond
|
3News