The executive secretary of chamber of cement manufacturers, Reverend Dr Dawson Amoah has expressed worry over the high price of cement in the country.

According to him, manufacturers are not happy with the rate at which cement keep increasing, but was quick to add that no business man want to run at lost, and therefore attributed the increase in cement price to the depreciation of the cedis against major currencies.

“we are not happy, manufacturers are not happy at the current situation, but no business man want to run at lost, there are many factors contributing to the increase of cement price, he said.

He added that external and internal factors are greatly involved in the high price tag of cement.

“Raw materials are expensive; you need dollars to buy glencairn, now the cedi is far behind the dollar so production cost is very high, other factors such as high taxes, the covid-19 and “the depreciation of the cedi against other major trading currencies is getting out of hand, and the increase in the monetary policy rate is also leading to high lending rate in the country.” He told Omanhene on Sompa Ade Abia.

He sympathized with Ghanaians and added that the only solution to these nemeses is for the cedi to appreciate major trading currencies.

Source…www.sompaonline.com/Eric Murphy Asare