Despite the growing buzz on social media regarding a potential drop in cement prices—especially for GHACEM 32R—retail checks across the market present a different reality. Traders have reported that the recent appreciation of the Ghana cedi has not resulted in lower prices at the counter. Currently, GHACEM 32R is still retailing at around 120 cedis per bag. With the cedi experiencing one of its strongest performances in years, there are high expectations that the prices of goods, particularly imported and essential products like cement, will decrease as well.
However, traders in various parts of Accra have dismissed the online claims, stating that cement prices have not only remained steady but, in some cases, have even seen slight increases over the last two quarters.
As of February 2025, cement prices had increased by 9 cedis, now selling at GHS 120. Atta Boafo, a retailer, stated, “There hasn’t been any price reduction. I even placed an order at 105 cedis per bag, and I’m still waiting to receive it—so all those reports are just hearsay.” Another retailer, David Nartey, refuted the claims circulating on social media, saying, “I received my goods today, and the factory price is GHS 120, which I retail at GHS 130.”
They argue that factors such as high transport costs, rising input prices, and supply chain constraints continue to weigh on pricing—making it difficult for recent currency gains to reflect immediately at the retail level. “We understand clinker is in short supply, so if there’s enough of it—and that combines with the stable exchange rate—it could push prices down and offer some relief,” another retailer added. For most of the traders they impressed on the government to help address the issue of clinker shortages before consumers can think of any price reduction.
By: Emmanuel Oppong
