Cement News tagged under: Ghana

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Ghana cement prices expected to fall

01 October 2014, Published under Cement News

If Ghana’s cedi continues to stabilise, prices of cement can be expected to fall, according to Morten Gade, managing director of Ghacem. Cement prices have increased rapidly in 2Q14 as erratic power supply and the depreciation of the cede against major foreign currency impacted on the value and availability of cement in the west African country. However, recent weeks have shown an appreciation of the cedi against major foreign currencies, prompting the call for a decrease in general g...

Ghana to expand Tema harbour terminal

30 September 2014, Published under Cement News

Ghana’s government is expected to soon embark on a terminal expansion project at Tema harbour to enable the bulk intake of clinker for cement producers. The US$122m project is scheduled for completion in 4Q15 and should provide Ghacem with the necessary space to accept delivery of raw materials. Amandi Construction is expected to carry out the project, which will cover an area of 400x50m, sufficient to create the room for cargo ships delivering clinker to berth at the port and providing a...

Ghana: Dangote Takoradi and Tema plants to halt shortages

08 July 2014, Published under Cement News

Following news of Ghana's difficulties to keep up with cement demand, Tajudeen Sijuede, vice chairman of Dangote Cement Ghana, has acquired the land rights for a new 1.5Mta grinding and bagging plant in Takoradi, western region.   This facility will complement the company's recently-completed grinding unit in Tema, which is ramping up to its 1.5Mta capacity. Mr Sijuede said: “We are establishing another clinker-grinding plant at Takoradi with capacity of additional 1.5Mta, which will b...

Ghacem denies any responsibility for cement shortage

07 July 2014, Published under Cement News

Responding to the local reports on Ghana's possibility of facing a cement shortage, Ghacem has refused suggestions that it has reduced production. The company has denied speculation that it had contributed to any shortage and claims that it currently has an output of 58,000t of cement per week. In an interview with the company’s strategy and corporate affairs director, Dr George Dawson-Ahmoah, said Ghacem was currently facing two challenges in attempts to arrest the shortage. It identif...

Ghana: prices stablise in Northern Region

06 June 2014, Published under Cement News

Cement prices in the Northern Regional capital of Tamale, Ghana, have now stabilised, according to local press reports. Until recently, a bag of cement was being sold at between GHS28 (US$9) and GHS30 (US$10) in the Tamale Township. However, prices have now evened-out across the board, with a bag of cement now selling at GHS28. A shortage of supply of cement products, which has slowed down infrastructural development at all levels in the Tamale Metropolis, is being attributed to import...

CIMAF to construct new Ghana cement facility

05 March 2014, Published under Cement News

The government of Ghana has signed an agreement with CIMAF of Morocco for the construction of a 1Mta cement facility. According to the terms of the agreement signed on Monday, 3 March 2014, the new plant is to be located close to the city of Tema, local media reported. The agreement was signed by Mawuena Trebarh on behalf of Ghana’s Minister of Trade, Haruna Iddrisu as well as Saad Sefrioui, General Director of Ciments de l'Afrique (CIMAF Ghana Ltd). “CIMAF Ghana Limited plans to bui...

Ghana: GHACEM urged to source local raw materials

19 December 2013, Published under Cement News

GHACEM which produces about 60,000t of cement every week sources just about 25 per cent of its raw materials in Ghana, but the government has targeted the producer to source 50 per cent of its raw material locally. Strategic and Corporate affairs manager of GHACEM, Dr George Dawson Amoah, told Citi Business News, this could be a daunting task as the major problem is the availability of the raw material in Ghana. “The raw materials; the major part is the clinker which is imported. I sha...

Ghana: Ghacem cement to regions in need of development

13 December 2013, Published under Cement News

Ghacem has donated 16,000 bags of cement to schools and hospitals which were drawn from the Upper East, Upper West, Northern, Ashanti and Brong Ahafo regions. The list of beneficiaries includes about 137 health and educational institutions in deprived communities in northern Ghana. The Managing Director of Ghacem, Mr Morten Gade, in a keynote address, said it was the objective of the Ghacem Cement Foundation to support self-help initiatives to speed up the development of the country. The do...

Dangote

02 December 2013, Published under Cement News

Sales growth at Dangote Cement continues to outpace the Nigerian cement market with group sales volumes up 29.5 per cent to 9.95Mt, compared to the same period last year. Pre-tax profit for the nine-month period rose 42.6 per cent to NGN151.7bn (US$957m), while EBITDA grew 35.9 per cent to NGN181.1bn (US$1142m). Consolidated group revenue was up 28.7 per cent to NGN289bn (US$1822m) and gross profit reached NGN189.4bn (US$1195m), up 39.4 per cent. Following a deferred tax credit of NGN4.4bn...

Ghanaian producers call for level playing field

27 November 2013, Published under Cement News

Cement producers in Ghana have appealed to the country’s Tariff Advisory Board (TAB) to create a level playing against increased volumes of imported cement. During a recent meeting with Tawiah Akyea, chairman of the TAB, local cement producers urged the industry body to make a conscious effort to address the influx of imports. Ghana News reported that the delegation, led by Dr George Dawson-Ahmoah, the Strategy and Corporate Affairs Director of GHACEM, noted that the situation had crea...