Stakeholders question impact of cement price regulation law
Ghana’s real estate sector is expressing frustration over the recently enacted Legislative Instrument (L.I.) on cement price regulation, arguing that it has done little to curb the rising cost of building materials. The regulation, which became law on September 5, 2024, was introduced to stabilize cement prices and provide relief to developers. However, industry players claim that prices have continued to surge, raising questions about the law’s effectiveness. Initially, the L.I. included a provision requiring cement manufacturers to seek government approval before adjusting prices. However, following significant opposition from manufacturers and sections of the public, this clause was removed. Despite...
