Member of Parliament Buem for, Kofi Adams, says Okay.T. Hammond is incorrect for introducing a invoice to manage the costs of cement merchandise.
Whereas acknowledging the necessity to handle skyrocketing cement costs, the MP argued that introducing a invoice is just not the answer.
Talking on JoyNews‘ Newsfile, he said that the New Patriotic Celebration (NPP) is out of concepts to handle issues going through the nation.
“That’s the reason we are saying that their concepts are completed, by way of fixing the issues that confront this nation. We should pack them off and convey individuals with recent concepts who can take care of this case.”
“It’s so humorous that this authorities feels issues they’ve management over, which may also help handle the worth, let’s do nothing about it, as a result of that’s what will give us the cash to stay like Arabian kings and let’s proceed to do issues that can both stifle enterprise or that can make the individuals endure,” he stated on June 29.
Mr Adams identified the influence of duties and port prices, notably these tied to the greenback, on imported clinker, a crucial part in cement manufacturing.
“The costs the port additionally takes from the corporate that imports this clinker is dollarised. So day by day that the federal government fails to handle the cedi effectively, it depreciates, they endure since you are promoting the cement in cedis and you’ll have to change and pay both greenback index cedi charge or pay greenback.”
The MP additionally famous that, a single terminal handles these imports, resulting in pointless demurrage prices.
“You pay demurrage based mostly on the variety of days that you just spend there past the allowable time,” he stated.
Nonetheless, Mr Adams proposed a distinct method as a substitute of introducing an LI to manage the costs.
“The taxes on the fabric that’s imported for cement manufacturing have to be regarded into. Enhance the buffing areas for the clearing of the clinker and different associated supplies like limestone. If you accomplish that, demurrage will cut back.”
“If authorities believes that you’ve housing deficit, and cement is a key part of development if authorities believes that infrastructure and cement is a key part, it will start to take a look at issues which you could cut back so that you make the worth of cement a bit decrease for individuals to afford,” he stated.