The Ghana Chamber of Cement Manufacturers (COCMAG) has urged its members to meet all tax, statutory payment, and other duties as good corporate citizens.
In a statement, the Chamber reminded all cement manufacturers/producers that Ghanaian laws compel all registered firms in Ghana to comply with tax and statutory payments and duties, and that the Chamber will not condone or assist any member or non-member found accountable.
The statement, signed by COCMAG’s Chief Executive Officer, Rev. Dr. George Dawson-Ahmoah, stated that the association’s goal is not only to advocate through its members for the production of adequate quantities and quality cement, but also to ensure fair trade practises, including ensuring that members comply with all forms of tax as a registered business entity.
He stated that this prudence has become even more important in the modern era, where the absence of regulation/monitoring in the cement business has seen new entrants rise up in the nation on a daily basis.
“The Chamber has not been constituted to condone or connive with such malpractices of avoiding tax. Non-compliance constitutes criminality and unfair trade practice and culprits will be liable to prosecution by the relevant authorities”.
Rev. Dr. Dawson-Ahmoah, therefore, urged all cement distributors to demand the appropriate tax receipts whenever purchase transactions are effected as good citizens.
COCMAG, he assured will collaborate with the Ghana Revenue Authority (GRA) and all other relevant authorities to enforce strict compliance.
Chamber of Cement Manufacturers Ghana (COCMAG)
The Chamber of Cement Manufacturers of Ghana is currently the umbrella industry association which was set up in 2015 by members of the Cement Manufacturers in Ghana.
The Chamber was legally constituted since the year 2018. Key among its mandate includes: ensuring fair trade practices in terms of quality production, industry practices and its attendant adverse effects.
