Local cement manufacturing companies have formed a new association to protect and accelerate the development of the industry in Ghana.
The Ghana Cement Manufacturers Association (GCMA) will also promote the interest of its members through collaboration.
A Memorandum of Understanding (MoU) dated May 12, this year, named the founding companies as GHACEM Limited, Diamond Cement Ghana Limited and Savannah Diamond Company Limited.
Dr. George Dawson-Ahmoah, Strategy & Corporate Affairs Director of GHACEM, was named chairman of an interim executive body comprising two representatives from GHACEM and one each from Diamond and Savannah cement companies.
They are N. Venkatesh, Finance Director of Diamond Cement (Vice Chair/Secretary), Dominik Michel, Finance Director of GHACEM (member) and B. V. K. Raju, General Manager of Savannah Diamond (member).
The association, the MoU revealed, “is not a cartel, but an umbrella body for cement manufacturers in the country.
“By cement manufacturer, we mean any company who owns and operates at least a cement grinding facility in Ghana,” it said.
As such, it will liaise with the Association of Ghana Industries (AGI) to “promote, lobby, advocate and support matters affecting the cement manufacturing industry in the country.”
Patrons of the association include Morten Gade, Managing Director of GHACEM and Manubhai J. Patel, Chairman of Diamond Cement Group.
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