Ghacem reduces cement prices

GHACEM reduces cement
prices
by webmanageron October 7, 2014in Economic
The management of GHACEM, the largest
cement producer in the country has announced
a reduction in the prices of their goods.
According to them, the decision was taken as
a result of the cedi’s appreciation against the
major foreign currencies, which has reduced
their cost of production.
Prices of all brands of cement skyrocketed
during the free fall of the cedi from the
beginning of the year. The currency has
however been seen gaining some ground for
the past few weeks.
Ex-factory price of the cement has thus been
reduced from GHc30.55 per 50kg bag to
GHc27.965 inclusive 17.5 VAT/NHIL.
Management has therefore recommended the
following prices to their distributors and
retailers below:
TOWN/CITY
Minimum price(GHc) Maximum price
(GHc)
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 33.5