Home / BUSINESS NEWS / Video: Withdraw L.I On Cement Price Regulation – Speaker Bagbin Advises KT Hammond

Video: Withdraw L.I On Cement Price Regulation – Speaker Bagbin Advises KT Hammond

Spread the love

Speaker of Parliament Alban Sumana Kingsford Bagbin has advised Minister of Trade and Industry K.T. Hammond to withdraw the Legislative Instrument (L.I) on cement price regulation.

This advice follows constitutional arguments raised by former Minority Leader Haruna Iddrisu.

The L.I was laid before the House on July 2 and is expected to mature into law after 21 sitting days.

However, Tamale South MP Haruna Iddrisu has questioned the legal mandate of the Ghana Standards Authority to regulate prices.

“The Ghana Standard Authority Act 2022, Act 10 (78), section 80 uses the word sale, and advertising, this is pricing. Do they have a mandate to regulate based on the 80? That is constitutional. The Ghana Standards Authority is an institution to regulate standards not pricing. Mr Speaker, Ghana cannot go this low.”

Following arguments from both sides of the House the Speaker advised the Trades Minister to withdraw the L.I

“Honourable members the danger is that, by the standards set by Article 11 (7). This House may not be able to measure up to that two-thirds majority to annul an instrument that the House itself is convinced that has no legal basis. That is the challenge and danger.

“And so, I will advise, I’m not directing, that the sponsors of the instrument should take a second look at it. And if possible, withdraw and capture it in the appropriate language. To come within the statutory limits that we have, it’s just advice, it’s not a directive.”

 

Watch the video

Credit: Joy News

THANK YOU for constantly reading stories on MyGhanaMedia.com, a news publishing website from Ghana. Kindly like, follow, comment, and SHARE stories on all social media platforms for more entertaining updates!

Please subscribe to our YouTube channel:  https://youtube.com/@mgmtv113
Follow us on Facebook:  https://www.facebook.com/myghanamedia3
  Click on the link to join the My Ghana Media channel:  https://whatsapp.com/channel/0029VaPItUF4tRrplYzhHn0U

 

Source:  MyGhanaMedia.com

 

There are four types of content published on MyGhanaMedia.com daily: curated content; syndicated content; user-generated content; and original content.

 

 

 

 

 

 

Send your news stories to myghanamedia@gmail.com 

 

About Adwenpa-Hene

we publish on Entertainment, Sports, Politics, Lifestyle, and Technology. You can also follow Us on : YouTube Channel - My Ghana Media TV, Facebook - MyghanaMedia TV , Twitter - @MyGhanamedia2 & Instagram - My Ghana Media TV. Email Address: myghanamedia@gmail.com Contact Us: 0200818719

Check Also

524 African Diasporas Granted Ghanaian Citizenship

Spread the love About 524 Af­rican diasporans were on Tuesday granted Ghana­ian Citizenship at an …

x