Cement News tagged under: Ghana
Dangote Ghana’s biggest taxpayer of 201620 January 2017, Published under Cement NewsThe Ghana Revenue Authority has recognised Dangote Cement as being the single largest taxpaying entity in the country, Business Ghana reports. The firm paid taxes and duties totalling GHS150m (US$35.5m) over the past year. “The payment of our taxes demonstrates our commitment to making a significant contribution to the growth of Ghana’s economy. We are looking at continuing this feat in future by expanding our operations to meet the needs of our customers in the country and creating mo... |
Ghana: Diamond cement fears staff lay offs05 December 2016, Published under Cement NewsDiamond Cement is still considering its decision to lay off 50 per cent of the company’s staff over reports that it cannot sustain its operations, according to Citi Business News. Diamond cement has announced plans to reduce its staff strength by half by the end of November 2016. “We have not started laying off any of the real staff; we are now considering the situation. If nothing changes, then we will undertake the redundancy exercise,” the General Manager for Diamond Cement, Tati Ramara... |
Ghana: CIMAF plant opens for business02 December 2016, Published under Cement NewsGhanaian president John Dramani Mahama has officially opened his country’s newest cement plant, a 1Mta grinding facility owned by CIMAF, according to a report in Ghana Business News. The President – who is seeking to retain power in this month’s elections – called on the company to direct a substantial share of its profits to improving the socio-economic development of the country and the lives of its ordinary citizens. Anas Sefrioui, president of the CIMAF Group, said the Tema plant c... |
Ghana: Chinese vessel accused of smuggling allowed to offload cargo of cement02 December 2016, Published under Cement NewsAuthorities at the Ghanaian port of Tema have allowed a Chinese-registered vessel – the Guo Tou 106 – to offload 5000t of bagged cement, having previously accused the crew of attempting to smuggling the cargo into the country, Ghanaweb reports. The vessel was originally allowed to berth at Tema port on 19 November, but irregularities with the ship’s manifest led to suggestions that the crew was attempting to import cement without a licence. Since then, the proper licence has been obt... |
Ghana: authorities accuse Chinese ship of smuggling cement23 November 2016, Published under Cement NewsGhanaian customs officials have prevented a Chinese-registered vessel – the Guo Tou 106 – from offloading bagged cement at Tema port for which it had no import licence, the Chronicle newspaper reports. According to the article, the ship’s owners had initially told the Ghana Ports and Harbours Authority that its cargo was steel products, but at a subsequent meeting the crew admitted that they were transporting other items, including bagged cement. The ship has been allowed to offload th... |
Ghana: Union calls on Government to protect local cement industry15 November 2016, Published under Cement NewsDr Ekwow Spio Garbrah, Ghana's Trade and Industry Minister, is being encouraged by the Industrial and Commercial Workers’ Union (ICU) Ghana to take immediate action to defend the local cement industry. Solomon Kotei, the general secretary of the union, called on the government to immediately "as per Legislative Instrument 2240, put a regulation on quotas and sign and clear the license approval process with the Cement Monitoring Committee." Cement producers grievances include: "under d... |
Ghana: Western Diamond Cement plant inaugurated07 November 2016, Published under Cement NewsPresident John Mahama inaugurated the new 1Mta Western Diamond Cement plant at Bokro on 4 November. He said the decision of Western Diamond Cement to set up an ultra-modern cement factory in the western region will attract more investors into the country. Speaking at an inaugural ceremony of the factory in Bokro in the Ahanta west district, President Mahama said the US$50m plant is an indication of economic growth in Ghana. According to him, the plant is confirmation that Ghana is a con... |
Dangote19 October 2016, Published under Cement NewsDangote’s lawsuit against Ibeto Cement Co has been adjourned to 1 November 2016 pending a decision by the Court of Appeal on the matter. Dangote is claiming that Ibeto is enjoying an undue advantage by evading taxes. Meanwhile, Nigeria’s federal government is contending that Dangote is creating a monopoly in the country’s cement sector, wiping out fair competition and a level playing field. Dangote has also come under fire in Ghana where the company’s tough pricing policies are being blam... |
Ghana: CMAG condemn minister's permit for Chinese imports12 October 2016, Published under Cement NewsThe Cement Manufacturers Association of Ghana (CMAG) has expressed its disatisfaction at Ekwow Spio-Garbrah, Ghana's Minister of Trade & Industry, for offering a permit to a Chinese company to import 500,000t of cement into Ghana without the approval of the Cement Monitoring Committee. CMAG comprises GHACEM Ltd, Diamond Cement Ghana Ltd, Savanna Diamond Co Ltd and Western Diamond Cement Ltd. The CMAG parties stated: "We, the cement manufacturers, demand that the Minister revokes this per... |
Ghana: cement companies cut prices to win market share07 October 2016, Published under Cement NewsImproving economic conditions and Dangote’s aggressive pricing policies have been blamed for what looks to be a developing price war among Ghanaian cement companies, Ghanaweb reports. Following Dangote Cement’s decision to reduce its price by GHS1.00/bag (US$0.25) in September, Ghacem and others have followed suit, driving down prices throughout the country. The Ghanaian market is dominated by Ghacem, Dangote and WACEM/Diamond, although GhanaWeb’s investigations found that cement impor... |