Cement prices in Ghana have risen by GHS2.40 (US$0.45), which is the second increase for cement prices in the last two months. Cement producers have had to raise their prices as the cost of raw materials increased due to the depreciation of the local cedi currency. Ghacem has raised its prices across the board.
Per the increase the 50 kilogramme bag of cement which used to sell at an exfactory price of GH1334 at both the Tema and Takoradi plants of the company will now be sold for GH15295 The Ghacem Super Rapid Bulk which was sold at an exfactory price of GH252 per tonne is now going for GH289800 while the 50kilogramme Ghacem Extra which used to sell at GH14200 is now
Dr George DawsonAhmoah Marketing Manager of GHACEM said the new product was introduced against the background that customers would be able to use the high quality cement to produce new concrete structures that met the needs of a modern industry in Ghana
Jan 22, 2014 · This triggered the increase in price. It is expected that as the demand of a product goes high, its price increases because the company is unable to provide for customers’ needs. Monopoly System - The cement industry in Ghana has been plagued by monopoly. Research shows that GHACEM, the government major share-holding company, had a market.
Cement analysis. Traditionally, cement analysis was carried out using wet-chemical techniques. Now, the days of flasks bubbling away over bunsen burners in the laboratory of a cement works are largely gone, replaced by X-ray analysis equipment of various types.
Heidelberg Cement is now the majority shareholder and owners with 931 Ghana Government with 5 and the late Dr JA Addison with 19 Ghacem has and continues to invest millions of dollars in its two plants in Tema and Takoradi to increase its production capacity as well as meet the demands of Ghanaians
Ghana: The Ghana Cement Manufacturing Association (GCMA) has approved of a government customs decision to increase the cost and freight value of imported bagged cement into the country. The valuation of Freight on Board (FOB) for the import of bagged cement has been increased to US$60/t from US$25/t, according to GCMA Chairman and Strategy and Corporate Affairs Director of Ghacem, George.
The price of cement within the last three years has been increased by almost 120 causing controversies In 2011 a bag of cement was sold at GH1500 635 and saw a dramatic increase to GH1700 720 in the following year The price then shot up to GH1800 or 763 in 2013
Jun 19, 2012 · The recent increase in prices of the product partly as a result of the weakening cedi has since reignited that debate over the impact of the two companies’ actions on the building and construction industry as far as prices and supply of cement was concerned. Currently, GHACEM comfortably controls close to 60 per cent of the market share.
The Commercial Director of GHACEM Mr Erik Wartemberg confirmed the increase in prices of Ghacem cement He explained that the price raise was because of the current exchange rate where the cedi had depreciated against the dollar He said Ghacem imported about 70 per cent of its inputs which compelled the company to increase the price by about 7 per cent
Ghana Ghacem to Expand Plant By a Million Tons In order to increase its capacity especially towards the construction of the Bui Dam and meet the increasing demand of cement in the future Ghana Cement Limited Ghacem is embarking on a feasibility studies to increase production capacity by one million tons annually by January 2010
The exfactory price for GHACEM cement is GH2930 Retailers in Tema sell GHACEM cement at GH30 while Dangote and Diamond cement are sold at GH26 and GH29 respectively
Ghana: The Cement Manufacturers Association of Ghana (CMAG) formally inaugurated itself at the start of July 2018. The association is intended to protect and accelerate the development of the industry, according to MyJoyOnline. Members of the association include Ghacem, Diamond Cement and Ciments de l’Afrique (CIMAF).
Home Business Experts predict reduction in cement prices. has seen a dramatic increase to almost 30 cedis, following the depreciation of the country?s currency. and GHACEM, 3 percent by.
GHACEM has increased their prices of cement bags at the various factories in the country GHACEM in a press statement said the cost of production has increased significantly due to the depreciation of the Ghana cedi against major international currencies increased