Accra, Ghana – The Chamber of Cement Manufacturers Ghana (COCMAG) has commended the Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, for her leadership and engagement with industry players, while firmly dismissing claims of recent increases in cement prices.
The commendation followed a meeting between the Trade Minister, the leadership of the Ghana Standards Authority (GSA), and members of COCMAG aimed at addressing emerging issues in the cement industry and ensuring stability, fairness, and regulatory compliance across the sector.
Speaking at a media briefing on Monday, 19 January 2026, Chief Executive Officer of COCMAG, Bishop Dr. George Dawson-Ahmoah, praised the Minister for fostering a strong and cordial working relationship with cement manufacturers. He described the ongoing collaboration as constructive and critical to maintaining order and mutual understanding within the industry.
Dr. Dawson-Ahmoah said the Chamber supports healthy competition in the cement market but remains opposed to unfair trade practices. He explained that engagements with the Ministry have focused on promoting a level playing field for all manufacturers, strict adherence to existing laws, and compliance with quality standards.
He further assured the Ministry of COCMAG’s commitment to self-regulation, noting that manufacturers continue to take deliberate steps to ensure cement produced locally meets all required standards. According to him, the Chamber remains ready to work closely with government to build a compliant, competitive, and sustainable cement industry.
Addressing public concerns about cement pricing, Hon. Elizabeth Ofosu-Adjare clarified that there has been no increase in cement prices, contrary to speculation circulating in the public domain. She said government has been working closely with manufacturers within the framework of existing regulations to protect both producers and consumers.
The Minister noted that while cement prices were relatively higher towards the end of 2024, the situation has since improved. At the time, the 42.5 grade of cement sold at about GH₵118, while the 32.5 grade was priced around GH₵113. She said current prices reflect a downward trend, with the 42.5 grade selling at approximately GH₵107, and the 32.5 grade retailing between GH₵80 and GH₵85.
According to her, the reduction in prices is a result of increased competition in the sector and improved macroeconomic stability. She acknowledged that production costs are influenced by factors such as exchange rates, energy prices, and electricity tariffs, but stressed that manufacturers have assured the Ministry of their commitment to keeping prices affordable.
Hon. Ofosu-Adjare also announced plans to intensify public education on cement pricing, including clearer communication on ex-factory prices, to improve transparency and public understanding of how cement prices are determined.
On quality assurance, the Trade Minister reaffirmed the role of the Ghana Standards Authority in enforcing compliance, assuring consumers that cement products sold as 32.5 or 42.5 grades will strictly meet the declared specifications.
She commended COCMAG for its openness and cooperation and assured the public that government will continue to engage industry players to safeguard price stability, quality assurance, and consumer protection within the cement sector.