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Tuesday, May 28, 2024
HeadlineCement price hits GHC110 per bag

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Cement price hits GHC110 per bag

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Ghanaian journalist and businesswoman Bridget Otoo has revealed in a tweet on May 13, 2024, that the price of cement is set to see an increase.

Her tweet includes an image resembling a screenshot from a WhatsApp conversation among cement wholesalers, discussing the new price adjustments.

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Previously, cement was priced at GHS 95.5, sometimes sold at GHS 100 in retail shops. However, the new price stands at GHS 102, excluding GHACEM.

It’s expected that GHACEM will be sold at a higher price, varying depending on the customer’s location.

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The tweet read:
“The price you are seeing is exclusive of transportation and offloading. then the retailer would add his/her profit. 95.5+3.5=99 plus profit of 3 cedis 102 … and I used the least amount in doing the calculation; depending on your location, it could go higher. This is not even GHACEM so imagine when GHACEM goes up! Wow!”

Over the years, cement prices in Ghana have undergone notable fluctuations, driven by various factors such as energy costs, transportation costs, exchange rates and raw material availability, among others.

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