Displaying items by tag: Ghana Real Estate Developers Association

Ghana: Real estate companies say that the price of cement has continued to rise despite a new law intended to regulate them. A so-called legislative instrument (LI) was introduced in September 2024, according to CitiNewsroom. However, Samuel Amegayibor, the Executive Secretary of the Ghana Real Estate Developers Association, said at a property forum, “Since the LI on cement was passed, so far as we the users of cement are concerned, we haven’t seen anything different. Prices have gone up even from the day it was launched, it has gone up further.”

Originally the proposed law required that cement manufacturers should seek government approval before setting prices. However, this clause was removed following lobbying by cement producers and others. The LI was eventually passed after 21 parliamentary sittings.