Ghana’s Trade Minister Elizabeth Ofosu-Adjare convened a key meeting with major cement producers to address market stability and consumer protection.
Representatives from Ghacem, CIMAF, CBI, Dangote, Dzata, Empire, and Diamond Cement, operating under the Chamber of Cement Manufacturers, Ghana (COCMAG), acknowledged the positive impact of the cedi’s recent appreciation against major trading currencies. The minister stated that this currency stability must translate into tangible benefits for consumers through fair and sustainable pricing structures.
Beyond pricing concerns, the minister emphasized stringent adherence to national product quality standards. According to ministry statements, the Ghana Standards Authority (GSA) will significantly increase the frequency of its factory inspections starting in August 2025, conducting rigorous quarterly checks across the industry. The minister clearly indicated that manufacturers failing to meet regulatory requirements face potential operational shutdowns, underscoring the government’s commitment to quality enforcement.
Cement remains a critical input for Ghana’s ongoing housing, infrastructure, and construction projects. Industry stakeholders present suggested that sustained exchange rate stability, coupled with consistent regulatory oversight, could enhance market competitiveness, support long-term sector growth, and ultimately deliver better value for both businesses and consumers nationwide. The discussions reflect the Mahama administration’s focus on industrial regulation amidst broader economic recovery efforts.