GHACEM has announced an increase in its cement products with the hike expected to take effect from Wednesday, 11 December 2019. A statement signed by Commercial Director for GHACEM, Nana Phillip Archer, on Monday, December 9 said the upward adjustment is due to, among other things, the depreciation of the Cedi against major trading currencies.
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GHACEM has announced an increase in its cement products with the hike expected to take effect from Wednesday, 11 December 2019. A statement signed by Commercial Director for GHACEM, Nana Phillip Archer, on Monday, December 9 said the upward adjustment is due to, among other things, the depreciation of the Cedi against major trading currencies.
Dec 10, 2019· The new prices will take effect from Wednesday, 11 December 2019. A statement signed by Commercial Director for GHACEM, Nana Phillip Archer, on Monday, December 9 said the upward adjustment is due to, among other things, the depreciation of the Cedi against major trading currencies.
Dec 09, 2019· Click to read all about coronavirus → The management of GHACEM cement has announced an increase in the prices of its products. The new prices will take effect from Wednesday, 11 December 2019.
Dec 10, 2019· Ghanaian cement manufacturing company, Ghacem, has increased prices in its cement products by 9.3% effective Wednesday, 11 December 2019. A 50kg bag of Super Rapid 32.5R cement is now GH¢35.3 from the GH¢ 32.3 quoted on the official website of the company. A 50kg bag of 42.5R Super Strong 42.5R goes for GH¢35.6 up from GH¢32.6.
Dec 11, 2019· GHACEM has from effective today Wednesday, 11 December 2019 increase its cement products.
GHACEM, for instance, has increased its product by ghc2.40 pesewas across board. The GHACEM Super Rapid Cement has increased from GHC 30.47 to GHC 32.
GHACEM Increases Cement Price - Modern Ghana GHACEM has announced an upward adjustment in the prices of its cement products with effect from Monday, May 28, 2012.
Cement prices in Ghana have risen by GHS2.40 (US$0.45), which is the second increase for cement prices in the last two months. Cement producers have had to raise their prices as the cost of raw materials increased due to the depreciation of the local cedi currency. Ghacem has raised its prices across the board.
Jul 28, 2016· About Ghacem. Ghacem is the leading cement company in Ghana popularly known as the "The nation builder"! The company was established in 1967, and has played an important role of building Ghana through more than 40 years. Ghacem has two cement grinding plants in Tema and Takoradi, and a network of sales offices and depots throughout the country.
Oct 07, 2014· 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.
Ghacem Heidelberg Group, the main cement producing company in Ghana is to open a new mill at Tema and expand its production to take care of periodic shortages of cement.
GHACEM Increases Cement Price - Modern Ghana. GHACEM Increases Cement Price , due to the rapid depreciation of the Ghana , down of Diamond Cement, pushed up the ex-factory price of a bag of cement from . West African cement focus - Global Cement.
Mar 21, 2019· Almost all Cement firms in Ghana have increased their prices by Ghc2.40 and it’s about the second increment of cement prices in two months. According to cement companies in the country, they have been forced to increase their prices due to the depreciation of the Cedi which has pushed the cost of their raw materials up thereby affecting their cost of operation.
May 04, 2017· The group observed imported cement from Pakistan, China, Turkey and Bangladesh into the country have maintained their prices but Ghacem and Diamond cement have been increasing their prices on yearly basis. “Ghana Cement Works has been cheating the country for too long, raising prices almost every year.
Modern Ghana; Peace FM ; Starr FM; and disparate, increases in the price of cement have raised a lot of concern among Ghanaians, and rightly so.
Ghana: The Ghana Cement Manufacturing Association (GCMA) has approved of a government customs decision to increase the cost and freight value of imported bagged cement into the country.
Ghacem, one of the leading cement manufacturer based in Ghana is giving all its endeavour to attain its three million tonnes production target by the completion of 2019..
11 December 2019, Published under Cement News Ghacem has announced that the price of its bagged products will increase from Wednesday, 11 December, on the back of an increased cost of production.
This triggered the increase in price. It is expected that as the demand of a product goes high, its price increases because the company is unable to provide for customers’ needs. Monopoly System – The cement industry in Ghana has been plagued by monopoly.
GHACEM Increases Cement Price - Modern Ghana Below you will find our price list and a list on recommended prices in various markets in Ghana. Price list Below is the price list of cement at factory levels Effective: 1st May, 2019: (GHC)PRODUCTSTemaTakoradiEx-Factory per 50Kg bag (Ghacem Super Strong 42.5R) 32.63832.
This is because cement forms an integral part of the economic growth and development in Ghana and so if you decide to increase prices of your product, it can change the political fortunes of a .
This is about the second increment of cement prices in two months. The cement companies say they have been forced to increase the price due to the depreciation of the cedi which has push the cost of their raw materials up. This has further increased their cost of operation. GHACEM has increased its product by ghc2 40 pesewas across board.
Bediako et al. (2015) [39] concluded that inflation rate, monetary policy rate, and exchange rate were the indicators that influenced the performance of cement prices in Ghana.
This will mean an increase in the price of a 50 kilogram bag of Ghacem cement now selling at 32 cedis. Meanwhile the Electricity Company of Ghana (ECG) has confirmed that Industries across the country can expect a review to the current 30% load they shed next month (March).
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