Cement prices shoot up over Cedi Depreciation

Cement prices of almost all firms have seen some Ghc2.40pesewas increase.

This is about the second increment of cement prices in two months.

The cement companies say they have been forced to increase the price due to the depreciation of the cedi which has pushed the cost of their raw materials up. This has further increased their cost of operation.

GHACEM has increased its product by ghc2  40 pesewas across board.

It Super Rapid Cement has jumped from GHC 30.47  to GHC 32.47; Super Strong Cement has moved from GHC 30.83 to GHC 33.23 and the Ghacem Extra has inched up from GHC 31.68 to GHC 34.18.

Dangote Cement which produces just one variety, the 42.5 grade is yet to adjust its prices which currently stand at GHC 32.65.

Lastly, CIMAF cement has also increased all its grade of cements. 42.5R which was selling at GHC 30.80 is now GHC 33.20. The 42.5N grade has moved from GHC 30.30 to GHC 32.70. The 32.5R grade has gone up from the GHC 29.90 to GHC 32.30

The Chairman of the AGI construction sector Rockson Dogbega told Starr Business’ Osei Owusu Amankwaah that the construction sector has continuously had their margins declining due to the development.

The sector wants government to give it some attention to save their investments.

Source: starfmonline