Grapevine

By My Joy Online
Jul 24, 2024

Fix exchange rate and cement prices will respond to that

Economist Dr Ishmael Yamson has criticised government's legislative instrument aimed at controlling cement prices in the country.

The former Unilever Ghana CEO said it is a regressive development that will negatively impact the country’s investment drive.

“This country was under price control for 24 years from 1961 to 1985. What did it do? Did it change anything in this country? Indeed, it made matters worse.

“They say it's all about price control or price disclosure. But if you look at the LI, it says regulate. So what is the difference between regulation and control? No difference, take the dictionary, it is the same thing. In any case, when they say price disclosure, what element in the pricing don't they understand?” he said on Joy News’ PM Express Business Edition.