Cement News tagged under: Ghana
Ghana to look at regulating cement industry16 March 2022, Published under Cement NewsGhana’s Ministry of Trade and Industry has announced plans to set up a committee to advance the drafting of policies to regulate the country’s cement industry, according to local sources. Deputy Trade and Industry Minister, Michael Okyere Baafi, said the “government is also working with the cement manufacturers in the area of regulation of cement and even the development of the cement business in Ghana. The cement business is not regulated.” In addition, the country’s Chamber of Cement ... |
COCMAG calls on Ghana's government to cancel imported clinker Fumigation Levy21 January 2022, Published under Cement NewsThe Chamber of Cement Manufacturers, Ghana (COCMAG) said the Fumigation Levy charged on imported clinker is having serious financial toll on cement production companies in the country and pushing cement production costs up. The Executive Secretary of COCMAG, Reverend Dr George Dawson-Ahmoah, who expressed the concern in an interaction with the media, said the local cement manufacturers were working frantically to avert the high cost of production to help reduce or maintain the price of ... |
CIMAF to expand capacity with IFC, Proparco and EAIF financing11 November 2021, Published under Cement NewsCIMAF will receive financial support from IFC, Proparco and the Emerging Africa Infrastructure Fund (EAIF) to help its drive for capacity expansion to meet the growing demand for housing and infrastructure in west Africa. IFC is providing a EUR161.25m financial package for CIMAF, which includes a EUR92.5m loan on its own account as well as a parallel loan of EUR33.75m from Proparco and a EUR35m B loan from the EAIF. The finance package will enable CIMAF to expand its existing cement grind... |
Regional chief president calls for new Ghanaian cement factory11 October 2021, Published under Cement NewsThe President of the North East Regional House of Chiefs, Nayiri Naa Bohagu Abdulai Sheriga, has appealed to Ghana's government to establish a cement factory in the area to create employment and promote the local economy. According to the Nayiri, who is also the overlord of the Mamprugu Traditional Area, the huge limestone deposits in the area present the opportunity to develop an industry that would help in raising the standard of living of the people and benefit Ghanaians in general.... |
Ghana cement factory needs US$4m to be resurrected29 September 2021, Published under Cement NewsThe pozzolana cement factory established by the Building and Road Research Institute of the Council for Scientific and Industrial Research (CSIR-BRRI), and abandoned earlier this year because of a lack of investment, requires US$4m to be resurrected, said CSIR-BRRI Director, Dr Daniel Asenso-Gyembibi. Situated in Gomoa Mprumem in the central region, the CSIR-BRRI plant requires revamping for commercial cement production but has failed to attract investment despite the CSR-BRRI having al... |
Fears Ghana's cement price will climb above GHS60/bag02 September 2021, Published under Cement NewsGhana's cement price is likely to continue rising and could surpass GHS60/bag (US$9.94) by the end of the year if some taxes and levies are not scrapped, say cement producers. In the last seven months cement prices in the country have risen three times, amounting to a 27 per cent rise and pushing retail prices to GHS50/bag.Manufacturers have had no choice but to absorb a lot of the costs to keep cement prices at their current level. Raw material prices continue to rise and the scarc... |
Ghacem plans construction of new 1.5Mta plant09 August 2021, Published under Cement NewsGhacem 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... |
Ghana's EPA shuts down operations at Empire Cement28 June 2021, Published under Cement NewsGhana’s Environmental Protection Agency shut down the operations of Empire Cement on Friday after it began operations without a permit, according to the Ghana News Agency. The company was reportedly provided with an interim permit to manufacture packaging but entered into cement production. Workers at the factory stated that they were not aware that it did not have a permit. |
Ghana cement plant construction could be halted by injunction14 June 2021, Published under Cement NewsPresident of the McCarthy Hill Residents Association, Eddie Quaynor, has disclosed the association will take out an injunction to stop the new construction of the new Empire cement factory in South McCarthy Hill, Ghana, if authorities do not ensure its closure. The McCarthy Hill Residents Association recently held a press conference to protest against the location of a cement factory at South McCarthy Hill along the main road leading to Weija. Mr Quaynor informed that several petition... |
Dzata Cement set to begin operations at 1.2Mta plant12 May 2021, Published under Cement NewsGhana-based Dzata Cement is expected to begin cement production next month at its facility in Tema. Representing an investment of more than US$100m, the plant is expected to produce 1.2Mta in its first phase. "What I can say is that we are bringing the highest quality of cement into the market and with the expectation that it will stabilise the supply and pricing as well," said Philip Archer, managing director. "The first phase which we are seeing will be giving us more than 1Mt per year... |