Cement Prices Expected to Fall by June 2025 – Ghana Chamber of Construction Industry
The Chief Executive Officer of the Ghana Chamber of Construction Industry has announced that cement prices are expected to drop by June 2025. This projection is based on increased local production capacity and ongoing dialogue between industry players and government regulators.
Accra, Ghana – Top Knowledge TV | Business & Economy Desk
Ghanaians could soon experience a significant reduction in the price of cement, one of the country's most essential construction materials. The CEO of the Ghana Chamber of Construction Industry (GhCCI), Emmanuel Cherry, has revealed that cement prices are projected to fall by June 2025, bringing some relief to the construction sector and consumers alike.
Speaking at a media briefing on Monday, Mr. Cherry said the anticipated price drop is due to increased collaboration between the Chamber, cement manufacturers, and the government. Efforts are underway to address the high cost of production, reduce import dependency, and remove bottlenecks in the supply chain.
“We have had constructive engagements with major cement producers and government agencies, and we're optimistic that by June 2025, prices will start to decline meaningfully,” he stated.
Over the past year, cement prices in Ghana have soared, with some regions recording prices as high as GHS 120 per bag, causing concern among contractors, developers, and individuals building homes. The situation has led to delays in infrastructure projects and stalled private construction.
According to the Chamber, one key factor behind the high prices has been the rising cost of imported raw materials and energy. However, the recent increase in local clinker production and the stabilization of exchange rates are expected to reverse the trend.
Mr. Cherry also acknowledged the role of government policy in stabilizing the industry and urged continued support for local producers to ensure sustainable supply and pricing.
Stakeholders in the construction sector have welcomed the news but remain cautiously optimistic, emphasizing the need for consistency in policy and transparency in pricing.
The Ministry of Trade and Industry is expected to release a formal roadmap in the coming weeks to support the Chamber’s projections and outline further steps toward long-term affordability in the building materials market.
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