The Ghanaian Ministry of Trade and Industry has announced that it is set to commence investigations into allegations raised by some Ghanaian cement manufacturing companies over Dangote Cement’s operations in the country.
Diamond Cement has been complaining for months of undue competition from Nigeria’s Dangote cement.
The development is said to have reduced Diamond cement’s annual production capacity of 1.8 million bags to 1.3 million bags.
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The Deputy Communications Manager at the trade ministry, Ahmad Nasir, said the ministry would comply with the recommendations of the Tariff Advisory Board of the ministry mandated to conduct the investigations.
“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,” Ahmad Nasir stated.
“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.
