Trades Ministry Dismisses Claims of Cement Price Hike
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has debunked claims of price increment in cement prices.
Addressing the press on January 19, 2026, she explained that the government has been working closely with manufacturers under the framework of existing regulations to promote fairness for both producers and consumers.
Ofosu-Adjare noted that while cement prices were relatively higher towards the end of 2024, with the 42.5 grade selling at approximately GH₵118 and the 32.5 grade at about GH₵113, prices have since declined.
“Currently, the 42.5 grade of cement is selling at around GH₵107, while the 32.5 grade is retailing between GH₵80 and GH₵85, reflecting increased competition and improved macroeconomic stability.”
She acknowledged that factors such as exchange rates, energy costs, and electricity tariffs influence production costs but emphasised that manufacturers have assured the Ministry of their commitment to maintaining affordable prices for consumers.
The Minister also announced plans to collaborate with cement manufacturers to intensify public education on cement pricing and ex-factory price declarations to enhance transparency and public understanding of how prices are determined.
On standards, she reaffirmed the role of the Ghana Standards Authority in ensuring that cement sold on the market meets declared specifications, assuring consumers that products labelled as 32.5 or 42.5 grades will conform strictly to those standards.
At the presser, which featured the Chamber of Cement Manufacturers Ghana (COCMAG), the Chief Executive Officer, Bishop Dr George Dawson-Ahmoah, commended the Minister for her bold leadership and for the strong and cordial relationship that has existed with cement manufacturers over the years.
He described the current collaboration as constructive and essential for maintaining sanity and mutual understanding within the industry.
According to him, the Chamber has consistently supported competition in the cement market but remains firmly opposed to unfair trade practices. He stressed that discussions with the Ministry have focused on ensuring a level playing field for all manufacturers, adherence to existing laws and strict compliance with quality standards.
Dr Dawson-Ahmoah further assured the Ministry of the Chamber’s commitment to self-regulation, noting that manufacturers continue to take steps to ensure that cement produced in the country meets required standards.
He reiterated COCMAG’s readiness to engage with the government through the Ministry in the interest of growing a compliant and sustainable cement industry.
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