Cement manufacturers submit price declarations for May
The Cement Manufacturing Development Committee (CMDC), operating under the Ghana Standards Authority (GSA), has stated that 13 out of 15 cement manufacturing companies have complied with the mandatory ex-factory price declaration for May 2025.
The declaration, made under Regulation 3(1) of L.I. 2491, reflects ongoing efforts to ensure transparency and stability in cement pricing.
The complying companies include GHACEM, CIMAF, CBI, Diamond Cement, Empire Cement, Kumasi Cement, Savanna Diamond Cement, and Western Diamond Cement.
The rest are Dangote Cement, Safe Cement (Xin An Safe Cement Ghana Ltd), SOL Cement (Wan Heng Ghana Ltd), Bright Cement, and Powercem (Africa Cement Factory Ltd).
The Chairman of the CMDC, Professor Alex Dodoo, told the Daily Graphic that compliant firms would be publicly listed, while non-compliant companies would face sanctions as stipulated by law.
For May 2025, the ex-factory price of 32.5R cement ranged between GH¢93.89 and GH¢105, with an average price of GH¢97.7 across the 12 producers manufacturing this grade.
For the 42.5R cement, the prices varied from GH¢105 to GH¢127, averaging GH¢109.4 among the 10 companies producing this category.
Joint publication
Prof. Dodoo reaffirmed the CMDC’s commitment to enforcing pricing regulations to promote fair competition and protect consumers, adding that “the next pricing declaration is expected by June 28, 2025”.
To ensure that the public is well informed of the prices, the Chairman of the CMDC, said beginning from the next pricing declaration day on June 28, the declared prices would be published on the GSA website, the websites of the manufacturing companies as well as in the Daily Graphic.
Recall
The Daily Graphic last Tuesday published that cement manufacturers failed to declare their ex-factory prices by the Friday, May 23, 2025, deadline, despite repeated directives by the CMDC.
The declaration of ex-factory prices is essential for the committee, which is mandated by law to look into the price build-up of manufacturers to ensure there were no hidden costs or unjustified tariffs that would fleece the consuming public.
This follows public frustration over stagnant cement prices despite the recent appreciation of the Ghana Cedi against the US dollar, which many expected to lead to commensurate price reductions.
