The Minister of Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has asked cement manufacturers to review their prices to reflect the current appreciation of the cedi.
According to her, consumers must enjoy the benefits of a strong currency since prices increase when the currency depreciates.
She said this during a meeting with the Chamber of Cement Manufacturers, Ghana (COCMAG), to address growing consumer concerns over the high prices of cement.
Ofosu-Adjare said: “I appealed to the manufacturers to ensure that the recent appreciation of the cedi is reflected in reduced cement prices for consumers. Ghanaians deserve to benefit directly from our improving economy.”
The meeting also addressed product standardisation and regulatory compliance across the sector.
The minister noted that inspectors from the Ghana Standards Authority (GSA) will soon be deployed to enforce compliance with product standards.
“Companies that fail to meet the required benchmarks risk being shut down,” she said in a post on X.
“I am optimistic about our continued collaboration to ensure affordable and high-quality building materials for all Ghanaians,” she added.
The manufacturers at the meeting, including Ghacem, Cimaf, CBI, Diamond, Dangote, Dzata, and Empire Cement, said the meeting was appropriate and commended the government’s efforts toward economic stability.
They pledged to work towards price reductions and maintain strict adherence to quality standards.