Audio By Carbonatix
Ghana Real Estate Developers (GREDA) on Tuesday expressed worry over the non-availability of cement as a core product of the building industry.
Dealers of the product have blamed the Ghana Cement Manufacturing Company (GHACEM), the major manufacturer of the product, for releasing limited quantities onto the market the company in turn has blamed the current load shedding exercise for the reduced level of production.
Production levels of cement has reduced to some 5 thousand tons a day from about 10 thousand tons leading to price hikes but the manufacturers believe the product had become expensive due to the activities of middlemen.
A bag of cement now sells between 85 to 90 thousand cedis and GREDA believe the price increase was defeating the purpose of making housing affordable to the Ghanaian.
President of GREDA, Dr. Alex Tweneboah told Joy Business report that the cause of cement shortage had gone beyond the power crisis.
Dr Tweneboah said the product had been in short supply for the past six days.
He described the situation as frustrating and warned that the prices of houses could rise if the current shortage and price hikes of cement remained the same.
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
-
Muzic Mensah selected for Boomplay’s inaugural ‘NEXT WAVE’ Programme
2 hours -
Prime Insight to tackle legal vacation controversy and $1million AKSA bribery case
2 hours -
Ghanaian evacuee from South Africa dies on arrival in Accra
3 hours -
POS Foundation raises alarm over student cohabitation, sexual harassment on university campuses
4 hours -
Nandom NPP primary heats up as four candidates enter 2028 race
4 hours -
Mangione admits killing healthcare CEO and pleads guilty to federal charges
4 hours -
The Invite to The Odyssey: 12 of the best films of 2026 so far
4 hours -
Ayra Starr on her secret relationship and teasing Stevie Wonder
4 hours -
NPP Ashanti holds vigil in support of Wontumi as lawyers appeal conviction
4 hours -
TCDA targets higher crop yields as farmers receive inputs
4 hours -
Kofi Amoako Attah inducted into 11th Corporate Ghana Hall of Fame
5 hours -
Newsfile to discuss AKSA energy deal, legal vacation and GoldBod losses
5 hours -
Gushegu MCE says slain Yiidana was targeted as police investigate killing of chief and son
5 hours -
President Mahama reiterates commitment to link regional capitals with good roads
5 hours -
Ex-Cambridge professor at centre of plagiarism row found dead
5 hours