Cement price increases to GH¢80.

Cement price increases to GH¢80.

The price of a 50kg bag of cement has risen to GH¢80.00 as a result of manufacturers' increased input costs brought on by the depreciation of the Ghana cedi.

A bag of cement from GHACEM, Diamond, and Dangote may be purchased from certain stores for between GH¢77.00 and GH¢85.00, however Dzata cement is somewhat less expensive.

The cost of cement is rising, which will have a significant impact on building and construction.

According to a Joy News story seen by GhanaNews.hrforum.uk, the depreciation of the Ghana cedi versus the US dollar is to blame for the present price surge.

“Some of the materials used in producing the cement are imported, hence the increasing cost of operations.

“When the factory price (wholesale price) of a 50 kilogramme of a bag of cement was about ¢59.00, it was based on an exchange rate of about ¢7.60 in June 2022,” the report stated.

"There is a need to share part of the burden with customers," according to certain manufacturers who said in the report that, it has been extremely tough to bear all the increased operating expenses.

Source: ghananews.hrforum.uk