Trade Minister Assures Ghanaians of Stable Cement Prices Amid Market Concerns
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has allayed public concerns over a potential rise in cement prices, assuring that the cost of the essential building material will remain unchanged.
She said government has been holding sustained engagements with stakeholders in the cement industry, aimed at ensuring price stability while also improving product quality.
The Minister disclosed that her most recent meeting with industry players was held on Monday, focusing specifically on these issues.
“I have engaged the players in the cement industry, with the latest engagement taking place on Monday. The discussions were centred on quality improvement and maintaining price stability,” she stated.
Mrs Ofosu-Adjare explained that prevailing economic conditions, particularly the current stability of the cedi against the US dollar, do not warrant any upward adjustment in cement prices.
She added that government continues to closely monitor developments within the sector to safeguard consumer interests.
“Considering where the dollar is at the moment, prices ought to be stable. I want to reiterate that cement prices are not going to increase,” she emphasised.
According to the Minister, government remains committed to collaborating with manufacturers and distributors to ensure fair pricing, noting that stability in cement prices is crucial for housing delivery, infrastructure expansion and overall economic growth.
