The price of a 50kg bag of cement rises above GH¢80.00, as the input costs of the manufacturers increase due to the depreciation of the Ghana cedi.

Some retailers of GHACEM, Diamond, and Dangote cement vary the price of a bag of the product from GH¢77.00 to GH¢85.00 however, the price of Dzata cement is a little cheaper.

The increase in the price of cement will go a long way to affect construction.

WHY THE RISE IN THE PRICE OF A BAG OF CEMENT?

A report by Joy News attributed the current increase in price to the depreciation of the Ghana cedi against the US dollar.

“Some of the materials used in producing the cement are imported, hence the increasing cost of operations.

“When the factory price (wholesale price) of a 50 kilogram 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 burdens with consumers.”

Also Check:

• Cape Coast High Court cancels 2020 Assin North parliamentary election results
• Gunshots in Bawku again as police worried residents reluctant to volunteer info
• Deadly Weekend: Groom crashes to death on way to wedding
• Jealous groom beats male wedding guest for tightly hugging his bride (Video)
• Drink water if you can’t afford the new prices of alcohol – GIHOC Boss tells Ghanaians
• Gov’t extends deadline for SIM card re-registration
• Ho: 12 Commercial sex workers arrested
• Video evidence of street robbery at Adenta SSNIT Flat area
• Regularly monitor your bank account balances; report any suspicious transactions – BoG urges
• Ghanaians Face Punishing New Levy On Electronic Payments
• E LEVY CHARGES ON MOBILE MONEY IN GHANA 2022