The Minister for Trade and Industry has assured Ghanaians that cement prices will remain stable, dismissing fears of an imminent increase in the cost of the essential building material.
The assurance comes amid growing concerns within the construction sector and among the general public over possible price hikes, following fluctuations in the exchange rate and rising production costs.
According to the Minister, government has engaged key stakeholders in the cement manufacturing industry and has received firm commitments that prices will not be adjusted upward in the coming months. He stressed that authorities are closely monitoring developments in the sector to prevent any unjustified increments.
The Minister explained that while manufacturers have cited challenges such as high energy costs, imported raw material expenses, and currency volatility, government is working collaboratively with industry players to cushion the impact and maintain price stability.
He further noted that cement remains a critical commodity in Ghana’s infrastructure drive, housing projects, and private construction activities, making it imperative to shield consumers from arbitrary price increases.
“We are in constant engagement with the producers, and there is no justification at this time for any upward adjustment in cement prices,” he assured.
The Minister also warned that any attempt by distributors or retailers to artificially inflate prices would attract sanctions, adding that regulatory agencies have been tasked to intensify market surveillance.
Industry observers say stable cement prices could provide relief to contractors, real estate developers, and individual home builders who have struggled with rising construction costs over the past year.
Government reaffirmed its commitment to supporting local manufacturing and ensuring fair pricing mechanisms that protect both businesses and consumers.
For now, consumers can expect cement prices to remain unchanged as authorities keep a close watch on the market.
