Stable Cedi Drives Cement Price Reductions – Trade Minister
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, says recent stability in the exchange rate has played a significant role in reducing the prices of cement, offering relief to players in the construction sector and the general public.
According to the Minister, cement prices were considerably higher before the current administration assumed office. She noted that 42.5R cement previously sold at about GH¢118 per bag, while 32.5R cement was priced around GH¢113. Since then, prices have declined, with 42.5R cement now selling at approximately GH¢107, and 32.5R cement retailing between GH¢80 and GH¢85.
Elizabeth Ofosu-Adjare made these remarks after a meeting with cement manufacturers on Monday, January 19, 2026, where discussions focused on pricing, production costs, and the broader macroeconomic environment. She explained that sustained engagement between government and industry players has helped ensure that recent improvements in the economy are reflected in market prices.
Recalling the situation at the end of 2024, the Minister said cement prices were significantly higher before the National Democratic Congress (NDC) administration took office. She emphasized that the current price reductions are not accidental but are linked to deliberate efforts to stabilize the economy and encourage fair pricing across key sectors.
The Minister identified exchange rate stability as a major factor influencing cement prices, noting that Ghana is currently experiencing a more stable macroeconomic environment. While acknowledging other cost pressures faced by manufacturers, including demurrage charges and electricity costs, she said producers have made efforts to balance profitability with affordability.
Elizabeth Ofosu-Adjare disclosed that government has urged manufacturers to keep prices within reasonable limits, stressing that authorities understand the cost components involved in cement production. She added that manufacturers have responded positively, aligning their pricing with the prevailing economic stability.
She further indicated that cement producers have assured the Ministry of their commitment to maintaining affordable prices. According to her, manufacturers recognize the need to allow consumers to benefit from the improved economic conditions, even as they pursue sustainable profits.
The Trade Minister also assured the public that there are currently no reports of impending cement price increases. She said government will continue to closely monitor the sector to ensure price stability is sustained.
Elizabeth Ofosu-Adjare reiterated government’s commitment to maintaining macroeconomic stability and working with industry stakeholders to ensure that essential building materials remain accessible, supporting growth in the construction sector and the wider economy.
