Grapevine

By My Joy Online
Jul 24, 2024

Cement manufacturers’ capacity utilisation falls from 48% to 38% in one year, says Ishmael Yamson

Economist Dr. Ishmael Yamson says cement manufacturers have not been operating at their optimum capacity and he fears for the worst.

He disclosed on Joy News’ PM Express Business Edition that the capacity utilisation of cement manufacturers in Ghana has dropped from 48% in 2023 to 38% this year.

Criticizing the government's legislative instrument aimed at controlling cement prices, the former Unilever Ghana CEO said it is a regressive development that will negatively impact the country’s investment drive.

“You think they are happy to build their factory and use only 30% of the capacity and lose money? Who in his right sense will do that?” he questioned.