Cement prices to fall in Ghana

22 April 2014

The price of cement in Ghana could soon come down following negotiations between government and some cement manufacturers.

The price of cement had gone up steadily largely due to increases in the cost of production.A bag of cement sold at 15 cedis in 2011, is now 30 cedis, following the depreciation of the country’s currency.

Trade Minister, Haruna Iddrisu admitted that industry players were facing a tough time with the current economic conditions.
“But they agreed to reduce the price of cement – Dangote by 5%, and GHACEM, 3%; so we should see the price being around 23 to 27 cedis and not 30.”

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