Bussiness
Cement prices to hit ¢66 per bag from today
The price of a 50-kilogram bag of Cement is expected to be increased by more than ¢5 from today to hit ¢66.
This is what JoyBusiness has picked up from some of the major manufacturers of the product in the country. Sources say the expected increase may hit consumers in Accra the hardest.
This is because some manufacturers are looking to offset parts of the cost of products being transported outside the metropolis to other regions in the country.
One of the manufacturers told JoyBusiness; “we can control the factory price, but we are not sure about the retail price in the markets in other regions.”
However, we will try out best to take some of the cost of reducing the margin of increase after the transport charges and other related costs are added to the product.
According to the manufacturers, the increment can be attributed to a myriad of issues most of which they have tried to manage for a long time.
They argue that the increment has been influenced by the recent depreciation of the Ghana cedi, hikes in prices of petroleum products, and transport fares.
They also maintained that their situation has been compounded by supply challenges for their production inputs and difficulties with importing some raw materials due to developments in Russia and Ukraine.
The manufacturers have also raised issues with some of the port charges, which they say leave them with no choice but to pass down to consumers.
Impact on the economy
The development may impact the prices of houses in the short term and the personal budget of many individuals who are currently putting up houses in the country.
It could also impact on the cost of some of the ongoing construction projects in the county. The adjustments may also increase the cost of doing business and influence the rising inflation rate in the country.
Source: adomonline.com
Bussiness
Global Market Volatility: Gov’t absorb GH¢2.00 per litre on diesel and GH¢0.36 per litre on petrol
Effective Thursday, April 16, 2026, which is the next pricing window, the Government will absorb GH¢2.00 per litre on diesel and GH¢ 0.36 per litre on petrol.
This intervention is intended to cushion customers and ease the cost burden on households, transport operators, and businesses.
The measure, approved by Cabinet, is in response to rising prices of petroleum products on the international market, which have significantly impacted ex-pump prices in Ghana.
This temporary intervention will remain in force for a period of one (1) month.
During this period government will continue to closely monitor developments in the global oil market and assess the need for further policy adjustments.
A statement signed by Minister of Government Communications, Felix Ofosu Kwakye noted that they remain commited to maintaining price stability, protecting livelihoods, and supporting Ghana’s economic recovery in the face of external shocks.
Ghana’s gold and minerals sector is set for a major spotlight as Meetings. Co, in partnership with key industry stakeholders, announces the Mining & Minerals Convention 2025, scheduled from August 26-27, 2025, at the Kempinski Hotel Gold Coast City, Accra.
Held under the theme “Shaping the Future of Ghana’s Gold Industry,”‘ the Convention will convene government leaders, regulators, miners, refiners, investors, sustainability partners, innovators, and responsible mining, and global competitiveness,policy experts to explore strategies that position Ghana’s gold industry for long-term growth.
The two-day convention will feature presidential and ministerial keynote addresses, industry thought leadership, technical paper presentations, policy dialogues, fireside chats, exhibitions, and high-level networking sessions.
Convention delegates can anticipate a dynamic and insightful experience, marked by thought leadership from leading policymakers and regulators, in-depth discussions on key topics such as sustainability, ESG, digital gold, and responsible sourcing, as well as valuable opportunities to forge public-private partnerships and investment deals.
Moreover, the event will offer practical action points aimed at unlocking greater economic value for Ghana.
The 2025 edition will be supported by a strong coalition of strategic partners, including the Ministry of Lands and Natural Resources, the Minerals Commission, GoldBod, the Minerals Income and Investment Fund (MIIF), and the Ghana Extractive Industries Transparency Initiative (GHEITI).
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