Due to rising manufacturing input prices brought on by the depreciation of the Ghana cedi, the price of a 50 kg bag of cement has risen to GH 80.00.
Although the cost of Dzata cement is a little less expensive, some sellers of GHACEM, Diamond, and Dangote cement vary the price of a bag of the product from GH77.00 to GH85.00.
The cost of cement is rising, which will have a significant impact on construction.
According to a Joy News story seen by GhanaWeb, the depreciation of the Ghana cedi against the US dollar is to blame for the present price surge.
“The cost of operations is rising as a result of the importation of some materials used in the production of cement.
“When the factory price (wholesale price) of a 50 kilogramme of a bag of cement was about ¢59.00, it was based on an exchange rate of about ¢7.60 in June 2022,” the report stated.
Some of the manufacturers indicated in the report that “it has been very difficult to absorb all the rising costs of operations, and therefore there is the need to share some of the burden with consumers.”