Do you need cement bags for your new construction project? Are you wondering about the current market price of cement in Ghana? Then, this article is for you.
The price of cement has a significant impact on Ghana’s building sector as well as the nation’s economy as a whole. As a vital building material, cement’s cost can significantly impact construction projects, infrastructure development, and housing affordability.
In this article, we will look at the price of cement in Ghana, cement brands there, and factors affecting cement costs in Ghana.
Brand of Cement in Ghana
There are several cement brands in Ghana. Here are some of the famous brands of cement in Ghana:
GHACEM Cement
GHACEM is one of the oldest and most popular cement brands in Ghana. It was established by the Government of Ghana in collaboration with Norcem AS of Norway on August 30, 1967.
GHACEM has been one of Ghana’s leading cement manufacturers and has produced more than 30 million tons of cement since its inception. GHACEM offers a range of cement products, including Super Strong 42.5R, Super Rapid 32.5R, and Extra 42.5.
As of July 2023, the price of GHACEM cement in Ghana varies depending on the type and location.
Dangote Cement Ghana
Dangote Cement has been operating in Ghana since 2011. They import and bag bulk cement at their terminal in Tema and sell it in the domestic market. Dangote Cement is a well-known cement manufacturing company in Ghana.
The price of Dangote Cement in Ghana fluctuates slightly over time. Dangote Cement is one of the top cement companies in Ghana.
Diamond Cement Ghana
Diamond Cement Ghana Limited is an Indian-owned Portland cement-producing company located at Aflao in the Volta Region of Ghana near the border with Togo.
The company started production in 2002 with an annual production of 700,000 tonnes of cement and was inaugurated by former President John Kufuor of Ghana in 2004.
The company uses the latest technology of the Programmable Logic Control (PLC) system in the cement production process to maintain consistency in quality.
CIMAF Ghana Cement
CIMAF is a popular cement brand in Ghana. They offer a range of cement products, including CIMAF 42.5R, CIMAF 32.5R, and CIMAF 22.5R
Dzata Cement
Dzata Cement Limited is a fully indigenous wholly owned Ghanaian cement company located in the Port Enclave of Tema, Ghana.
Dzata Cement is relatively lower than that of its competitors, as the company aims to offer a competitive price as cement prices go high.
Other brands
There are several other cement brands available in Ghana, including Durachem Limited, GASMENCO GHANA LIMITED, OBJECTIF GROUP FRANCE, Permafix Industries Gh. Ltd., PERMAFIX INDUSTRIES (GH) LTD., VAPPY CONSTRUCTION LIMITED among others.
Price of Cement in Ghana
The price of Cement in Ghana varies based on location and brand as of July 2023. Portland cement, which is readily available and reasonably priced, is the cement that is most frequently used for buildings in Ghana. The costs of a few popular cement brands in Ghana are listed below:
Ghacem Super Strong 42.5R: GH¢ 95 – GH¢ 97 per 50Kg bag
Ghacem Super Rapid 32.5R: GH¢ 87 – GH¢ 90 per 50Kg bag
Ghacem Extra 42.5: GH¢ 72 – GH¢ 95 per 50Kg bag
Dangote Cement: GH¢ 80 – GH¢ 94 per 50Kg
Dzata Cement: GH¢ 90 – GH¢ 180 per bag (dependent on location and quantity requested)
Diamond Cement: GH¢ 90 – GH¢ 180 per bag
Cimaf Cement: GH¢ 65 – GH¢ 95 per 50 kg bag
Price of cement are dependent on the location, type of cement of the brand and quantity one desires to purchase.
Factors Affecting the Price of Cement in Ghana
Factors affecting the prices of cement in Ghana can vary over time and are influenced by various factors. Here are four factors that can affect the prices of cement in Ghana.
Raw material costs: The cost of raw materials used in cement production, such as limestone, clay, and gypsum, can impact the prices of cement. Fluctuations in the prices of these raw materials directly affect the overall production cost of cement, which is then reflected in the selling price.
Transportation and logistics: The cost of transporting cement from the manufacturing plants to distribution centres and retailers can impact the final price of cement. Factors such as fuel prices, road conditions, and distance can influence transportation costs, which can be passed on to consumers.
Demand and supply dynamics: The demand and supply of cement in the market also affect its prices. If there is high demand for cement and limited supply, prices may increase. Conversely, if there is low demand and excess supply, prices may decrease. Factors such as construction activity, infrastructure projects, and economic conditions can influence the demand and supply dynamics of cement.
Competition and market structure: The competitive landscape of the cement industry in Ghana can also impact prices. The presence of multiple cement manufacturers and brands can create competition, which may lead to price variations as companies try to attract customers. Market structure, including the market share of different cement brands, can also influence pricing strategies.
Additionally, external factors such as government policies, taxes, and import/export regulations can also play a role in determining cement prices.
Recommended Resources:
- Price of iPhone 14 Pro Max in Ghana
- Price of PS4 in Ghana
- Prices of Hisense Fridges in Ghana
- Prices of Hisense TV in Ghana
What factors influence the prices of cement in Ghana?
Factors such as raw material costs, transportation and logistics, demand and supply dynamics, and competition and market structure can affect the prices of cement in Ghana.
Do cement prices in Ghana fluctuate?
Yes, cement prices in Ghana can fluctuate over time due to various factors such as changes in production costs, raw material prices, and market conditions.
Which cement brands are available in Ghana?
Popular cement brands in Ghana include GHACEM, Dangote Cement, Diamond Cement, and Dzata Cement.
Are there any recent price increases in cement in Ghana?
Yes, there have been instances of price increases in cement in Ghana. For example, in June 2022, the price of a 50kg bag of cement increased by more than GHS 5 to reach GHS 66. And as of July 2023, the prices of cement range from GHS 65 – GHS 180
In conclusion, the prices of cement in Ghana are subject to various factors, including production costs, supply and demand dynamics, currency fluctuations, and government policies.
It’s important to note that cement prices can vary depending on the brand, location, and market conditions. It is advisable to check with local suppliers or refer to reliable sources for the most up-to-date information on cement prices in Ghana.
