
Audio By Carbonatix
Real estate developers in the country are worried about what they say is acute shortage of cement on the market.Some of them are said to be laying off workers as a result of the shortages.President of the Ghana Real Estate Developers Association (GREDA), Dr. Alex Tweneboah told Joy News the situation is affecting their business.He said some real estate companies were not able to obtain the quantity of cement, an essential commodity, for their work.“We have found out that the three major sources of our cement supplies are having some issues with the supplies; we are aware that currently Ghacem is refurbishing one of the plants which is causing some delays and shortages in cement and the Diamond company at Aflao recently had a transformer [break down] which has caused disruptions in the production,” he stated.
Dr. Tweneboah says the shortage has also shot up prices with a bag of cement selling at over 20 Ghana cedis in Accra.Meanwhile Ghana Cement Company is under pressure to increase production after its competitor, Diamond Cement slowed down production as a result of power problems.The disruption in power supply is as a result of the recent storm that hit some parts of Accra and Volta regions.Corporate Affairs Director of GHACEM, Dr. Dawson-Amoah, says the company is undertaking an expansion exercise in order to increase productivity to meet the increasing demands.
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
-
Ghana advocates greater global cooperation on disability inclusion at COSP19
4 minutes -
Gender Ministry begins community dialogue on social protection in Northern Region
8 minutes -
Ghana seeks greater investment and renewable energy support through SEforALL partnership
12 minutes -
Ghana deepens energy partnership with SEforALL to advance energy access, sustainable development
12 minutes -
GhYA urges National Research Fund to prioritise young scientists and research infrastructure
29 minutes -
Kwaku Azar to deliver lecture on political parties’ drift from visions and ideologies
40 minutes -
Avocado: Ghana’s next €2bn export win
40 minutes -
Cedi makes strong comeback against dollar; going for GH¢12.10 in retail market
48 minutes -
Dome-Kwabenya MP condemns alleged shooting of Adwoa Safo, urges swift police action
51 minutes -
All displaced Samreboi flood victims have been given shelter, food – Western Regional Minister
54 minutes -
Potholes at Mallam Junction turn Kasoa-Accra commute into three-hour ordeal
55 minutes -
Deloitte: We will help businesses, workers reshape pension thinking and secure their future
1 hour -
The interconnection advantage for Ghana’s financial future
1 hour -
Rawlings rejected UDS and FPSO naming honours, Mahama reveals as NDC renames HQ after him
1 hour -
Power outage hits Western Region after broken high tension pole at Half Assini
1 hour