Amid growing excitement on social media about a supposed drop in cement prices—particularly GHACEM 32R, retailers across Accra say the reality on the ground tells a very different story.
Despite the Ghanaian cedi enjoying one of its strongest performances in recent years, the price of cement remains firmly unchanged at retail counters, with GHACEM 32R still selling for around GHS 120 per bag.
Retail checks reveal that contrary to online claims, there has been no meaningful reduction in cement prices. In fact, prices have either remained steady or experienced slight increases over the past few months. In February 2025 alone, the price of a bag of cement jumped by 9 cedis.
“There hasn’t been any price reduction. I even placed an order at 105 cedis per bag, and I’m yet to receive it—so all those reports are just hearsay,” said, a cement retailer in Accra.
Another dealer, dismissed the speculation: “I received my goods today and the factory price is GHS 120. I retail it at GHS 130. There’s no drop in price.”
Retailers say multiple factors are keeping cement prices high, including transportation costs, rising input prices, and ongoing supply chain constraints, especially a shortage of clinker, a key ingredient in cement production.
“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,” one dealer noted.
While the strengthening cedi has raised public expectations for price reductions on key goods like cement, traders argue that until supply-side challenges, particularly the clinker shortage, prices are unlikely to drop anytime soon.
For now, consumers are urged to temper expectations, as the benefits of currency gains may take time to reflect in the pricing of essential building materials.
