Ghana sees cement prices rising

Ghana sees cement prices rising
Published: 02 June 2011

The price of cement has gone up in the Ho Municipality, Volta Region, which lies at the eastern part of
Ghana, from GHS12 to GHS15 (US$8 to US$10). On Tuesday, the cement was reportedly available in only one store, which received a limited supply and sold a bag for GHS15.

Contractor John Mokli, told the Ghana Business News that cement had been in short supply in the Municipality since the beginning of May. He said that the limited quantity that been supplied were often sold at GH¢14 per bag .

The situation is the same at Aflao, a city on Ghana’s Togolese (eastern) border. James John, Commercial Manager of Diamond Cement Limited at Aflao, attributed the shortage to the closure of the Lome Port in Togo for renovation. He said the factory could, therefore, not get its supply of clinker through the Lome Port but through the Tema and Takoradi Ports in Ghana, a situation which was affecting the company’s production level greatly. He, however, assured that the situation would return to normal in a month’s time when the renovation works at the Lome Port were scheduled to be completed.