Accra, Ghana, December 9, 2019//-The management of GHACEM cement has announced an increase in the prices of its products.
The new prices will take effect from Wednesday, 11 December 2019, according to a statement from the company.
The Commercial Director for GHACEM, Nana Phillip Archer, who issued the statement on Monday, December 9 said the upward adjustment is due to the depreciation of the Cedi against major trading currencies, increased in utility tariffs, duties at the port, among others.
“Management wishes to inform customers that our cost of production has increased significantly due to the depreciation of the Ghana cedi against the major international currencies, increased utility tariffs, and fuel and port duties among others.
“In view of this, we are reluctantly compelled to adjust upwards our prices of bagged cement products with effect from Wednesday 11th December 2019.”
African Eye Report
