The Minister for Roads and Highways, Kwame Governs Agbodza, has strongly criticised cement producers in Ghana for failing to reduce prices, despite significant improvements in the country’s macroeconomic conditions.
According to the minister, it is unacceptable that cement prices remain high when recent economic indicators, particularly the stability and appreciation of the cedi, suggest there is ample room for a downward price adjustment.
He urged producers to act responsibly by passing on the benefits of these gains to consumers, especially given the critical role cement plays in national development and everyday construction.
“The economic fundamentals are improving our currency is gaining strength, and inflation is gradually stabilising. Cement manufacturers must not ignore these positive shifts. It’s time they reflect them in their pricing for the benefit of all Ghanaians,” Mr. Agbodza said.
In a firm policy stance, the Minister announced that cement used for government-funded infrastructure projects will henceforth be procured only from suppliers offering competitive or reduced prices in line with the country’s improving economic outlook.
This, he explained, is part of broader efforts to ensure prudent use of public funds while promoting fair market practices.
Mr. Agbodza’s remarks echo a similar appeal made just two days earlier by the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare.
She made the call during a meeting with the Chamber of Cement Manufacturers, Ghana (COCMAG), convened to address rising public frustration over stagnant cement prices.
At the meeting, discussions focused on pricing structures, product standardisation, and the enforcement of regulatory compliance within the cement industry.
Minister Ofosu-Adjare stressed that consumers deserve to feel the positive impact of the cedi’s appreciation, and urged manufacturers to align their pricing models with current economic realities.
