Minister of Trade and Industry Kobina Tahir Hammond has affirmed that the Legislative Instrument (L.I) to regulate prices is beneficial for the market.
He explained that the L.I. aims to achieve a perfect balance between production and consumer purchasing.
Speaking at a stakeholder meeting with the Ghana Chamber of Construction Industry, K.T. Hammond stated, “Those who are unhappy with it, along with their agents, are attempting to persuade some leading Members of Parliament to block it.
This effort is futile. Once it is laid, it is laid.”
He added “What is important that I want you to take away from here is that the L.I does not seek to control prices. It doesn’t control. We can only continue to use the word regulation.”
“I think we have taken some trouble to explain what we mean by regulation… to get the perfect balance between the two – the production end and the purchase end,” K.T Hammond stated.
