Cement News tagged under: GHACEM

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Ghana sees cement price hike

07 May 2024, Published under Cement News

Cement traders are seeing price hikes despite stable fuel prices, according to Ghana Business News. All three grades of cement produced by Ghana Cement (Ghacem) have seen an upward trend. A bag of Super Cool cement increased from GHS82 (US$5.95) to GHS88 while Super Rapid now sells at GHS95, up from GHS87. Super Strong cement is now supplied at GHS105 from GHS95. The price of iron rods has also been reported to have increased from GHS6500/t to GHS700/t or more. Meanwhile, Ghana's stat...

Ghacem plans construction of new 1.5Mta plant

09 August 2021, Published under Cement News

Ghacem is preparing to begin construction for a new 1.5Mta plant in Kumasi, Ashanti region, which will serve the region and its surrounding areas. The MD of the Ghana-based company, Stefano Gallini, noted that the project is related to surging demand in that part of the country. Its Tema and Takoradi plants will also be expanded to improve efficiency, according to reports. The new project represents an investment of around US$100m and is expected to export products to Burkina Faso and ot...

Cement prices rise in Ghana

29 March 2021, Published under Cement News

Cement prices in Tamale, Ghana, have risen amid reports of a cement shortage, according to Ghana News Agency. Ghacem and Dangote Cement brands are being sold at GHS50 (US$8.68)/bag while Diamond Cement and other brands are currently around GHS48/bag, up from GHS47 and GHS45, respectively. Construction companies in the region are expected to pay the higher prices for the limited stock to complete their projects before the rainy season begins.

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...