- GHACEM 32R still selling at ~GHS 120 per bag despite cedi’s appreciation
- Retailers dismiss online reports of price reductions
- Some traders report slight increases in prices over the past two quarters
Retailers report that the recent strengthening of the Ghana cedi has yet to impact prices at the counter. GHACEM 32R remains priced around GHS 120 per bag, defying expectations that the stronger cedi would lead to lower costs for essential goods like cement.
In parts of Accra, traders have dismissed online claims of falling prices, noting that prices have either remained unchanged or even slightly increased over the past two quarters. As of February 2025, cement prices had risen by GHS 9, bringing the retail cost to GHS 120.
“There’s been no reduction. I placed an order at GHS 105 per bag but haven’t received it yet—so the rumours are just hearsay,” said retailer Atta Boafo.
Another retailer, David Nartey, also refuted the reports: “I just received stock today. The factory price is GHS 120, and I’m retailing it at GHS 130.”
According to traders, persistent issues such as high transportation costs, rising input prices, and supply chain disruptions continue to keep cement prices elevated. They argue that the cedi’s gains alone are not enough to trigger immediate price drops.
“Clinker is in short supply. If that improves, and the cedi remains stable, then we might see prices fall,” one trader explained.
Many of the retailers called on the government to urgently address clinker shortages if any meaningful price relief is to be expected for consumers.
