By Kekeli K. Blamey
The Federation of Labour has strongly criticized the government’s decision to regulate cement prices, labeling it an “anti-industry growth policy” that could damage the sector and result in job losses.
According to the federation, the price regulation will stifle competition, discourage investment, and negatively affect the industry’s overall growth.
Critics argue that the regulation could also lead to a shortage of cement, further worsening the country’s housing deficit.
Mr. Abraham Mensah, Secretary-General of the Federation, described the government’s decision as “ill-informed” and “not based on any sound economic principle.” He called on the government to reconsider the policy and engage with stakeholders to explore alternative solutions.
The government introduced the price regulation in response to the rising cost of cement, which had sparked public outcry. However, the Federation of Labour believes this move will have unintended consequences and harm the industry in the long run.
The decision has ignited a heated debate within the industry, with some stakeholders supporting the government’s intervention while others express concerns about its potential impact.
