Some cement producers have raised cement prices to approximately GH73.
In some significant industrial shops, a 50 kg bag of cement that cost GH 50 in November 2021 now costs GH 73.
GhanaWeb discovered the price list of GHACEM, a well-known cement producer, whose costs have increased as of August 30, 2022.
According to the list, a 50-kilogram bag of cement from Super Rapid costs GHC 64.59, a bag from Super Strong costs GHC 68, and a bag from GHACEM Extra costs GHC 72.91.
According to myjoyonline reports, the increase has been attributed to the rapid depreciation of the cedi which has resulted in the increase in the cost of operations in the past few months.
“When the factory price (wholesale price) of a 50 kilogram was about ¢59.00, it was based on an exchange rate of around ¢7.60 in June this year,†a manufacturer whose name is withheld is quoted by myjoyonline.com.
However, the prices are slightly different in Accra from prices in other regions.
“Based on the fact that most of the manufacturers have to import some of the raw materials at a dollar rate of more than ¢9, someone has to take care of this sudden increase in costâ€, another manufacturer stated.
Check out a list of GHACEM’s prices:
