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HomeNewsCement Price Rise Above GH¢80

Cement Price Rise Above GH¢80


GH DATA BUNDLE

Cement Price Rise Above GH¢80

Cement Price Rise Above GH¢80

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.”

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