Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has urged cement manufacturers to review and adjust their pricing structures in line with recent gains in the value of the cedi.
The appeal was made during a meeting with the Chamber of Cement Manufacturers, Ghana (COCMAG), held to address growing consumer concerns over persistently high cement prices despite improved macroeconomic indicators.
The discussions centred on pricing mechanisms, product standardisation, and regulatory compliance across the sector.
Minister Ofosu-Adjare emphasised the need for consumers to feel the positive impact of the local currency’s appreciation against major trading currencies.
The Minister also announced that starting in August, the Ghana Standards Authority (GSA) will intensify its quarterly inspections to ensure full compliance with national product standards. She warned that manufacturers who fail to meet regulatory requirements risk being shut down.
Cement producers present at the meeting—including Ghacem, CIMAF, CBI, Dangote, Dzata, Empire, and Diamond Cement—welcomed the government’s intervention.
They acknowledged the recent exchange rate stability as a positive development and indicated a possible reduction in cement prices if the current economic trend holds.
The manufacturers also reaffirmed their commitment to adhere to product standardisation measures to promote quality and fair competition within the industry.
