The country’s largest producer of cement, GHACEM, has reduced cement prices by about 2 cedis at the factory point.
The ex-factory price of GHC30.55 would from today, Tuesday October 07, 2014 be sold for GHC27.965 inclusive 17.5% VAT/NHIL. This would translate into lower retail market prices of varying levels depending on your location as a consumer.
This means that a bag of GHACEM cement which is currently selling around 35 cedis in the capital will now be selling between GHC31.2 and GHC31.6 as the retail price recommended by the company.
Unlike the ex-factory prices, the retail prices would however take effect from tomorrow, October 08.
In a statement signed by the Commercial Director, Nana Philip Archer, the company attributes the reduction mainly to the recent appreciation in the value of the Ghana cedi against the major international currencies.
Below are the company’s recommended end-user prices for certain key markets.
Town I City
|
Minimum
(Gh₵ per 50 Kg bag) |
Maximum (Gh₵ per 50 Kg bag) |
Accra |
31.2
|
31.6 |
Tema |
31.0
|
31.4 |
Kasoa |
31.3 |
31.7
|
Winneba |
31.6
|
32.0 |
Cape Coast
|
31.6 |
32.0 |
Takoradi |
30.9 |
31.3
|
Tarkwa |
31.7 |
32.0
|
Kumasi |
32.8
|
33.2 |
Koforidua |
31 .7
|
32.0
|
Tamale
|
34.8 |
35.0 |
Bolga |
35.0 |
35.3 |
Wa |
35.5 |
35.8
|
Sunyani / Techiman
|
33.5 |
33.8 |
Latest Stories
-
World Bank’s food price index eases; maize, wheat prices hit 3-year low
56 mins -
2020 polls all about pulling Ghana back from precipice of destruction, corruption – Naana Jane
60 mins -
Guru expresses interest in contesting SRC election at UG
1 hour -
Oil prices projected to average $84 in 2024 – World Bank
1 hour -
Meet 2 Ghanaian entrepreneurs on a mission to connect 1m African professionals to global companies by 2034
2 hours -
NCA approves Starlink’s satellite broadband application
2 hours -
Government orders FGR to revamp mining operations; assures workers of commitment to their welfare
2 hours -
Arne Slot philosophy could suit Liverpool – Van Dijk
2 hours -
EC replies Mahama: You also appointed someone who was tagged NDC
2 hours -
See colourful outdoor of Prof Naana Opoku-Agyemang as NDC’s running mate
3 hours -
Akufo-Addo commissions 15MWP Kaleo Solar Power Plant
3 hours -
GCB Bank PLC leads African financial integration, hosts ZICB delegation
3 hours -
Empowering Girls in ICT: FAWE Ghana advocates for gender equality in the Tech sector
4 hours -
Rangnick ‘contacted by Bayern Munich’ about manager job
4 hours -
Winneba Youth Choir celebrates 35th Anniversary with Aseda Concert sponsored by Fidelity Bank
4 hours