The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, together with the leadership of the Ghana Standards Authority (GSA), has engaged the Chamber of Cement Manufacturers Ghana (COCMAG) in discussions aimed at addressing emerging issues in the cement industry and ensuring stability, fairness, and compliance across the sector.
Addressing public concerns over cement pricing, the Minister clarified that there has been no increase in cement prices, contrary to circulating speculation.
She explained that the government has been working closely with manufacturers within the framework of existing regulations to promote fairness for both producers and consumers.
Mrs. 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 emphasized that manufacturers have assured the Ministry of their commitment to maintaining affordable prices for consumers.
The Minister also announced plans to work with cement manufacturers to intensify public education on cement pricing and ex-factory price declarations, enhancing 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 labeled as 32.5 or 42.5 grades will conform strictly to those standards.
The Trade Minister commended COCMAG for its openness, cooperation, and willingness to comply with the law, and assured the public that the government will continue to engage industry players to safeguard price stability, quality assurance, and consumer protection within the cement sector.
For his part, the Chief Executive Officer of COCMAG, Bishop Dr. George Dawson-Ahmoah, praised the Minister for her bold leadership and for fostering a strong and cordial relationship with cement manufacturers.
He described the current collaboration as constructive and essential for maintaining order and mutual understanding within the industry.
According to him, the Chamber has consistently supported competition in the cement market while firmly opposing 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 remain engaged with the government through the Ministry in the interest of growing a compliant and sustainable cement industry.
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