Cement News tagged under: Ghana

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Ghacem responds to World Bank comments

28 June 2012, Published under Cement News

Ghana’s leading cement producer, Ghacem, has refuted a report by the World Bank that the company is enjoying dominance over the domestic construction sector. The World Bank is reported to have expressed concerns over the control of Ghacem and Diamond Cement over the local building sector, thus suppressing competition which is having a negative impact on cement prices and supply. However, Ghacem’s strategy and corporate affairs director, Dr George Dawson-Ahmoah has denied these criticis...

Concerns over Ghana’s cement duopoly

22 June 2012, Published under Cement News

The World Bank has expressed its concern over the dominance of Ghana Cement Company (Ghacem) and Diamond Cement Company in the sale of cement in the country, local press report. The bank is worried that the two companies control more than 80 per cent of the market and suppress competition in the sector with negative consequences on the prices and supply of cement to the building and construction industry. It has therefore called for urgent steps that would liberalise the market “to eng...

Ghana facing cement shortage

23 May 2012, Published under Cement News

The Ghana market is facing a shortage of cement attributed to the closure of Diamond Cement Manufacturing company, which has resulted in prices being increased on the back of heightened demand. Last week, CemNet news reported that  Diamond Cement had stopped operations due to power issues due to a transformer being damaged during a recent thunderstom. Operations at the plant were said to resume shortly. Ghacem, the country’s leading cement producer and part of the HeidelbergCement grou...

Diamond Cement workers to resume production, Ghana

14 May 2012, Published under Cement News

Diamond Cement Ghana Ltd (DCGL) will resume production at its Aflao plant by next week following a a three week shutdown due to power shortages. The power shortage occurred due lightening striking a transformer at the GRIDCO sub-station near Aflao during a 26 April  thunderstorm. The power shortage at the cement works has resulted in a shortfall of 120,000 (2,400,000 bags) of product to the market. Henry Ford Kamel, Volta Regional Minister said Diamond Cement would maintain its 5000tpd r...

State Housing Company, Pozzolana Ghana sign supply MoU

01 May 2012, Published under Cement News

Pozzolana Ghana Ltd (PGL), a subsidiary of PMC Global Link of the USA and the State Housing Company (SHC) on Monday signed a Memorandum of Understanding (MoU) to supply cement to SHC. Ghana Business News reports that the MoU was signed by Dr Mark Nii Akwei Ankrah, Managing Director of SHC and Mr Gari Kannins, Chief Executive Officer of PMC Global Link, at a ceremony after a tour of the company’s facility at Gomoa Mprumem in the Gomoa West District of the Central Region. Mr Ankrah said the ...

Pozzolana Ghana takes giant step to revamp cement industry

24 April 2012, Published under Cement News

Pozzolana Ghana Limited (PGL) has launched a mechanism to revamp the cement industry with its brand produced from clay and palm kernel shells. The product is also cheaper to produce and inexpensive as compared with Portland cement on the market. In the wake of the huge housing deficit facing Ghana, natural and locally-produced pozzolana cement provides a superior building product at a reduced cost of construction, PGL President Douglas Borgsdorf noted in a statement to the Ghana News Agen...

Pozzolana Ghana Lltd announces new MD

23 April 2012, Published under Cement News

Pozzolana Ghana Limited (PGL), Ghana’s only licensed producer of pozzolana cement, today announced the appointment of Vivek Garg to the position of managing director. Garg joined PGL on 2 April but the announcement was made today by PGL President Douglas Borgsdorf. According to Borgsdorf, “Vivek’s extensive experience in complex manufacturing environments was the key factor that made him the perfect candidate for us.” Prior to joining PGL, Garg was chief operating officer at a manufactur...

Tamale cement prices and shortages addressed, Ghana

16 March 2012, Published under Cement News

Cement prices in Tamale, the capital of the Northern Region of Ghana and the Tamale Metropolitan District, have risen above the official value to GHS20/bag (US$11.5), according to local media reports. A cement shortage has also been reported on the market, affecting ongoing construction works in the regional capital. Northern Regional Minister, Moses Bukari Mabengba, has held discussions with cement dealers and those citizens of Tamale affected by the shortage to assess the situation. ...

Cement shortage hits Ghana’s Cape Coast

22 February 2012, Published under Cement News

A shortage of cement has been reported in the Cape Coast, central regional capital of Ghana as a result of faulty equipment at Tarkarodi Cement, according to local press reports. Retailers at Cape Code told City & Business Guide that customers are struggling to buy a bag of cement which is currently being sold for GHS18 instead of the previous GHS14. Kwame Mensah, a retailer at Sackey Cement Works said in an interview that they have not received cement since last week.

GHACEM to raise capacity as demand thrives

17 January 2012, Published under Cement News

GHACEM, the leading cement producer in Ghana, has reported that domestic cement demand increased by a record 22 per cent last year  on the back of robust economic growth and oil activity, particularly in the western region of the country. Speaking at a GHACEM awards event, managing director Morten Gade, said his company is investing in expansion to improve capacity at both the Takoradi and Tema plants to meet rises in demand expected in 2012.  “GHACEM being mindful of the positive grow...