Ghacem Limited has assured patrons that cement prices will further be adjusted if the cedi continue to gain strength against major international currencies.
Speaking on behalf of the company, the Strategy and Corporate Affairs Director, Dr. George Dawson-Ahmoah, noted the recent appreciation of the cedi has resulted in a marginal reduction of the company’s production cost.
“As a concerned citizen of the land we quickly had to adjust prices in fulfillment of our pledge to respond positively when the environment is favorable.”
Dr. Dawson-Ahmoah announced the company’s ex factory price of cement has been reduced from GH¢30.55 to GH¢27.96 and stressed a further reduction if the cedi continue to gain strength.
He commended government for working consciously to salvage the free fall of the cedi and urged them to do more to safeguard the welfare of Ghanaians.
Ghacem, he noted, imports about 80 percent of its raw materials for production of cement hence the recent depreciation of the cedi really affected production cost and the company had no option than to increase prices.
Dr. Dawson-Ahmoah, official spokesperson for Ghacem, who doubles as the Chairman of the Made-in-Ghana Campaign of the Association of Ghana Industries (AGI), stressed that Ghacem will continuously patronise the use of local limestone for the production of cement and will continuously search for the availability of local limestone concession in order to add value to local production
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