Cement News tagged under: Ghana
Ghana: recovery anticipated after cement sales fall 3.1% in 201514 September 2016, Published under Cement NewsThe 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 centres14 September 2016, Published under Cement NewsDangote 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 1Q1606 September 2016, Published under Cement NewsHigher 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 imports01 August 2016, Published under Cement NewsWith 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 trucks22 July 2016, Published under Cement NewsDangote 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 NewsManagement 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 downsizing15 July 2016, Published under Cement NewsThe 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.... |
Ghana: Dangote creates 5000 jobs13 July 2016, Published under Cement NewsTo improve the access and availability of cement across the country, Dangote Cement Ghana has acquired 1000 new trucks for the distribution of cement into all parts of Ghana. These new trucks have opened up opportunities for drivers, loaders and truck driver assistants. Media Relations Manager for the company, Etornam Komla, said that the cement producers has started the recruitment process and that all new drivers will be on board by the end of July. As well as investing in distribution,... |
West Africa powers up04 July 2016, Published under Cement NewsWest Africa’s booming population and economic development are expected to fuel cement consumption in the long term and the region’s prospects look bright. However, as the regional cement sector rapidly builds production capacity to keep pace with anticipated demand, challenges remain for the industry, including inflation, lower oil receipts and power shortages. By ICR Research, UK. Ghana: HeidelbergCement's Tema plant keeps production rolling West Africa’s population is set to m... |
Dangote Cement29 June 2016, Published under Cement NewsWith Ghana’s economy expected to grow by 4.5 per cent this year on the back of an upturn in oil production in 2H16, Dangote is rapidly speeding up its expansion plans in the country. The company is currently investing over US$100m in a 1.5Mta cement plant in the western regional capital Takoradi, which is due to be completed by the end of this year. It is also increasing silo capacity at its Tema plant beyond its existing 21,000t. Despite subdued oil and cocoa exports in 2015, ongoing fis... |