Audio By Carbonatix
The price for a 50-kilo bag of cement is expected to be increased from the current ¢45 Ghana to ¢55 per bag from next week.
Joy Business is learning that the product will be sold in Accra at however ¢60.
Sources say the increment can be attributed to the depreciating value of the Ghana cedi, the recent hikes in transport fares and the Russian-Ukraine war, which has affected the movement of logistics and transportation of some of the raw materials from abroad for local production.
The development may impact prices of houses in the short term and the personal budget of many individuals who are currently putting up houses in the country.
Manufacturers have in recent times pushed for government to take a second look at the taxes on inputs and charges at ports.
They were hoping that could have helped the situation, especially last year.
But this didn’t get the needed attention from government.
These manufacturers had hoped that waiving some of these charges at the ports could have slowed the hikes in recent times.
Latest Stories
-
“I’m not sure” – K.T Hammond unsure if OSP has questioned Kwabena Donkor over Berko bribery case
2 hours -
Istanbul trip was standard due diligence for Aksa power deal – K.T. Hammond
2 hours -
Kwabena Donkor never met Asante Berko, demanded or received money – K.T. Hammond
2 hours -
$1m bribery scheme: ‘I’m not so instructed’ – Lawyer on whether OSP has contacted Kwabena Donkor
2 hours -
Kwabena Donkor can’t be held liable for Asante Berko’s alleged corruption – KT Hammond
2 hours -
Ghana’s refining capacity yet to shield fuel market from global shocks – CEMSE
2 hours -
New train service connects Finland and Sweden for first time in decades
2 hours -
Tonto Dikeh unveils new ministry
3 hours -
Honey, they’ve shrunk our Mars Bars
3 hours -
Ho Teaching Hospital Board urges government to operationalise Korean Exim Bank loan
3 hours -
AKSA Energy case: Emails, names of recipients key to proving Ghanaian officials’ involvement – Kpebu
3 hours -
Luv FM Kel-Charcoal Debate kicks off with thrilling wins for Wesley Girls and CHRISSEC
4 hours -
No Roof, no future: Ghana’s rent crisis is turning survival into a luxury
4 hours -
Domestic violence in Ghana: The crisis behind close doors
4 hours -
AKSA Energy case: Ghana has evidence to trigger own accountability process – Osae-Kwapong
4 hours