Distributors have therefore increased the prices of the product in the retail market. The prices are said to have gone up from GH¢8.7 to GH¢ 9.2. However, cement was selling at between GH¢8 and GH¢9 in early January, but now goes for between GH¢10 and GH¢11 in some parts of Accra.
Director of Strategic and Corporate Communications at Ghacem, Dr. George Dawson-Ahmoa, an Accra-based radio yesterday that the decision to increase the prices was a very difficult one and acknowledged it was the second increase since the beginning of the year. “It is with a lot of resistance that we have to increase prices. It’s the dollar and the cedi, the disparity is too much,” he added.
He said prices were first increased on January 23 from GH¢8.03 to GH¢8.7. Asked whether prices could go up again before the end of the second quarter of the year, Dr. Dawson-Ahmoa said that will depend on the performance of the local currency against the dollar. He disclosed that Ghacem is looking at the long term project of buying clinker, limestone and gypsum locally.
