The Cement Manufacturers Association of Ghana has petitioned the Ministry of Trade, Agribusiness and Industry to urgently reconsider recent increases in Free on Board (FOB) values applied to key raw materials used in cement production.
In a letter dated Monday, April 13, and addressed to the sector minister, the association expressed concern that the revised FOB values were introduced without adequate consultation, warning that the development is placing significant financial pressure on local cement producers.
The association noted sharp increases in the costs of clinker and granulated blast furnace slag, arguing that these adjustments are inconsistent with prevailing global market trends. It cautioned that the changes are likely to raise production costs through higher duties and taxes, with a corresponding effect on cement prices in the domestic market.
According to the group, sustained price increases could have wider economic consequences, particularly for the construction, housing, and infrastructure sectors, thereby affecting overall economic activity.
The petition, signed by Chief Executive Officer George Dawson-Ahmoah, called for immediate engagement between government and industry stakeholders to develop a fair and sustainable pricing framework. The association also reaffirmed its commitment to supporting Ghana’s industrialisation agenda while urging a more consultative approach to policy adjustments affecting the sector.
