Cement News tagged under: Ghana

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Dangote

19 October 2016, Published under Cement News

Dangote’s lawsuit against Ibeto Cement Co has been adjourned to 1 November 2016 pending a decision by the Court of Appeal on the matter. Dangote is claiming that Ibeto is enjoying an undue advantage by evading taxes. Meanwhile, Nigeria’s federal government is contending that Dangote is creating a monopoly in the country’s cement sector, wiping out fair competition and a level playing field. Dangote has also come under fire in Ghana where the company’s tough pricing policies are being blam...

Ghana: CMAG condemn minister's permit for Chinese imports

12 October 2016, Published under Cement News

The Cement Manufacturers Association of Ghana (CMAG) has expressed its disatisfaction at Ekwow Spio-Garbrah, Ghana's Minister of Trade & Industry, for offering a permit to a Chinese company to import 500,000t of cement into Ghana without the approval of the Cement Monitoring Committee. CMAG comprises GHACEM Ltd, Diamond Cement Ghana Ltd, Savanna Diamond Co Ltd and Western Diamond Cement Ltd. The CMAG parties stated: "We, the cement manufacturers, demand that the Minister revokes this per...

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: recovery anticipated after cement sales fall 3.1% in 2015

14 September 2016, Published under Cement News

The Business & Financial Times reports that domestic cement sales in Ghana fell to 4.13Mt in 2015, down by 3.1 per cent on the previous year. Cement imports reached 2.62Mt, up 6.2 per cent on 2014. The decline was not due to falling demand but instead reflects the ongoing issues with electricity supply, that has disrupted production. The newspaper quotes sources at two of the domestic producers who noted that production recovered as politicians moved to improve electricity supplies ahe...

Ghana: Dangote sets up tarpaulin distribution centres

14 September 2016, Published under Cement News

Dangote Cement Ghana Ltd has embarked on an exercise to distribute 1000 tarpaulins to its cement distributors across Ghana, said Dangote marketing manager, Evans Oloquaye Martey. He explained that with the tarpaulin technology, distributors only need platforms on which to put the cement, then use the tarpaulins to cover and secure them against theft and rain.

 “The tarpaulin concept of trading cement is an age-long practice in Nigeria and other west African countries that does not requir...

Ghana: limited 0.3% volume growth in 1Q16

06 September 2016, Published under Cement News

Higher levels of infrastructure investment in the coming months should help Ghana’s construction industry rally after a slow start to 2016, although rising costs risk squeezing profit margins. The industry grew by only 0.1 per cent QoQ and by just 0.3 per cent YoY in the first quarter of the 2016, well below the annualised GDP increase of 4.9 per cent, according to data released by the Ghana Statistical Service in late June. By contrast, Ghana’s construction sector expanded by 6.2 per cent...

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: Dangote Cement takes delivery of 1000 trucks

22 July 2016, Published under Cement News

Dangote Cement Ghana has received delivery of a fleet of 1000 trucks as part of its plan to expand its distribution network in the country, Star FM reports. The firm states that the purchase is the largest of its kind by any Ghanaian company and will create up to 5000 direct and indirect jobs. Managing Director of Dangote Cement Ghana, Tor Nygard, said of the vehicles: “These are components of the Company’s mission in Ghana which is to stimulate its economy and get quality cement to al...

Ghana: Pozzolana Cement to make redundancies?

19 July 2016, Published under Cement News

Management at Pozzolana Ghana Ltd is considering redundancies or the temporary shutting down of the company following power outages. According to Collins Opoku Gyan, production manager, the company cannot afford to continue paying salaries at a time when no profits are being made. “We have workers that we have employed and paying them, if there is no light, we can’t work. We have to pay them too, so it is costing the company a lot. If nothing is being done about it, the best thing is that...

Ghana: government blamed for Diamond Cement downsizing

15 July 2016, Published under Cement News

The Afloa Youth Association in the Volta region have accused the Ghanaian government of being insensitive towards the downsizing of local cement manufacturer Diamond Cement as a result of competition with Dangote Cement. Diamond Cement has repeatedly voiced concerns regarding Dangote’s involvement in the retail of cement in Ghana, saying it is unfair competition. Dangote’s presence in the country is speculated to have reduced Diamond Cement's annual production from 1.8m bags to 1.3m bags....