
Audio By Carbonatix
Ghacem says high prices of clinker on the world market and freight cost has forced the company to increase its prices.The price of cement has seen frequent increases since July last year, while there was no price increase in the previous 12 months.The recent price increases could affect the cost of housing in Ghana and already the distributors of cement are complaining about the price increases.The Head of Corporate Affairs at Ghacem Dr Dawson Amoah told Joy Business Report that prices of clinker had gone up by over 34 percent which was below the 14 percent increase in the price of cement locally over the same period.Dr Amoah also said though the company had started using locally mined limestone, the increasing price of clinker, which was imported, remained a major challenge. He explained further that high freight charges due to competition from China for vessels add up to the cost.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Wave of violence kills at least 26 in Nigeria as army thwarts mass church abduction
10 minutes -
Latvian businessman Aldis Ozols enstooled as development Chief of Supresu-Man
22 minutes -
‘We should go in for the best’ – Ernest Thompson on next Black Stars coach
26 minutes -
US, Iran receive 45-day ceasefire proposal as Trump deadline to reopen Strait of Hormuz looms
39 minutes -
Iran defiant as Trump vows ‘entire country’ could be taken out if no deal reached by tonight
45 minutes -
Afigya Kwabre North crowned champions of maiden MTN Ashantifest Regional U17 football competition
45 minutes -
The case for an explicit and limited Legal threshold for internal military deployment in Ghana
46 minutes -
UK Wireless Festival sponsorship withdrawals highlight high cost of Kanye West controversy for global brands
48 minutes -
CAF President to pay working visit to Senegal over AFCON title saga
57 minutes -
GPL 2025/26: Samartex end winless run with victory over Kotoko
59 minutes -
Afreximbank to avail US$10bn under its Gulf Crisis Response Programme to shield African, CARICOM economies from Middle East conflict
1 hour -
NPP behind every monumental agenda in Ghana – Miracles Aboagye
1 hour -
Ho Airport not a misplaced priority — GACL Board Chair
1 hour -
Nationwide sensitisation of haulage truck drivers ahead of Axle Load Enforcement
1 hour -
Vice President backs community tourism at Vodza Regatta 2026
1 hour