Cement News tagged under: GHACEM

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Ghacem to raise cement prices

11 December 2019, Published under Cement News

Ghacem has announced that the price of its bagged products will increase from Wednesday, 11 December, on the back of an increased cost of production. "Management wishes to inform customers that our cost of production has increased significantly due to the depreciation of the Ghana cedi against the major international currencies, increased utility tariffs, and fuel and port duties among others," said Nana Phillip Archer, commercial director for the Ghana-based company. "In view of this, w...

Ghanaian cement prices rise for the second time in two months

22 March 2019, Published under Cement News

Cement prices in Ghana have risen by GHS2.40 (US$0.45), which is the second increase for cement prices in the last two months. Cement producers have had to raise their prices as the cost of raw materials increased due to the depreciation of the local cedi currency. Ghacem has raised its prices across the board. Its Super Rapid cement advanced from GHS30.47 to GHS32.47/50kg bag (US$6.1/ 50kg bag and GHS649.4/t (US$124.18/t)), Super Strong Cement has moved up from GHS30.83 to GHS33.23 and Gha...

Ghacem targets 3Mta cement production in 2019

24 January 2019, Published under Cement News

Ghacem says it is working to reach a production of 3Mta in 2019. The Ghanian manufacturer expects to distribute 60 million bags of cement this year, up by four million on 2018, according to Morten Gade, Ghacem's managing director. The entrance into the market by two new manufacturers last year changed the market dynamics, resulting in Ghacem’s to alter its marketing strategy. "When the market dynamics change, you have to change too so we changed our marketing efforts, we did things differe...

Ghacem opens new depot

30 January 2018, Published under Cement News

Ghacem Ltd has opened a new depot in Sefwi-Wiawso, Ghana. The company now has six depots, with the latest being part of a scheme to increase cement availability in the Western Region. The depot has a 3000t capacity and will be used to store weekly deliveries for local towns, reports Joy Online. According to Nana Philip Archer, commercial director of Ghacem, the company has also purchased new vehicles to serve the depot and prevent shortages. "Our contribution to the growth of Ghana's e...

Ghana: cement companies cut prices to win market share

07 October 2016, Published under Cement News

Improving economic conditions and Dangote’s aggressive pricing policies have been blamed for what looks to be a developing price war among Ghanaian cement companies, Ghanaweb reports. Following Dangote Cement’s decision to reduce its price by GHS1.00/bag (US$0.25) in September, Ghacem and others have followed suit, driving down prices throughout the country. The Ghanaian market is dominated by Ghacem, Dangote and WACEM/Diamond, although GhanaWeb’s investigations found that cement impor...

Ghana: ban on imports

01 August 2016, Published under Cement News

With concerns registered by trade groups in the country, the importation of cement to Ghana will be banned following a change to the Import and Export Regulations Bill. The new Bill will outlaw bagging and importation of cement to Ghana starting from 5 August 2016. Due to Ghana’s cooperation with the ECOWAS trade agreements, this new regulation will exempt imports from ECOWAS-member countries. Those looking to import cement from non-ECOWAS-member countries will have to apply for renewable...

Ghana cement producers' association formed

11 June 2015, Published under Cement News

Local cement producers in Ghana have come together to form a new association to protect and accelerate the development of the domestic industry, and promote the interests of its members through collaborative efforts. A Memorandum of Understanding (MoU) dated 12 May 2015 named the founding companies of the Ghana Cement Manufacturers Association (GCMA) as GHACEM Ltd, Diamond Cement Ghana Ltd and Savannah Diamond Company Ltd. Dr George Dawson-Ahmoah, Strategy & Corporate Affairs Director o...

Ghana: calls for end to bagged imports

19 February 2015, Published under Cement News

The Strategy and Corporate Affairs Director of GHACEM, Dr George Dawson-Ahmoah, has called on the country’s government to ban imports of bagged cement into the country, stressing that domestic supplies are sufficient to meet local requirements. Speaking to newsmen in Takoradi after a meeting with the Minister of Trade and Industry, Dr Ekwow Spio-Garbrah, who was on a working visit to the company, Dr Dawson-Ahmoah declared: “We have sufficient quantity of locally produced cement to drive t...

Power crisis reduces Ghacem output

15 December 2014, Published under Cement News

Ghana’s largest cement producer, Ghacem, said that ongoing power cuts to manufacturing industries have “significantly” reduced its output, leading to concerns on supply shortages and a potential rise in prices. The Electricity Company of Ghana (ECG) earlier this month announced that it is cutting power supplied to industries by as much as 25 per cent to create an artificial reserve margin to stabilise the power sector, which it said is under immense pressure to meet rising demand. Under the...

GHACEM cuts prices on appreciation of cedi

08 October 2014, Published under Cement News

GHACEM, the leading cement producer in Ghana, has reduced the price of cement following the recent appreciation of the cedi against major international currencies. The ex-factory price of its 50kg cement bag has been reduced from GHS30.55 to GHS27.965, effective Tuesday, 7 October. The Ghanian cedi experienced a free fall against the major trading currencies, depreciating about 30 per cent to the US dollar in the first half of 2014. The situation has impacted on imported goods across ma...