Cement and Kenkey Price Brouhaha: Here Are the Current Prices Based on Ground Reports

Ghanaians have expressed doubts about reports of a significant reduction in cement prices, as checks at several retail outlets suggest that consumers are yet to benefit from the alleged price cuts.

Information shared online indicated that GHACEM had reduced the price of its 42.5-grade cement from GH₵120 to GH₵82 following the recent strengthening of the cedi.

However, reports from Accra and other parts of Ghana suggest that the prices of cement at many shops have remained relatively stable.

GHACEM’s 42.5-grade cement was reportedly selling for between GH₵120 and GH₵135, while its 32-grade variety remained around GH₵110. Dangote cement was also reportedly available at approximately GH₵128.

Following the reports, some consumers took to social media to share receipts showing the prices they had paid for cement. However, a number of the receipts were issued before the expected commencement of the reported price reductions.

Some retailers have explained that the situation could be due to old stock purchased at higher prices. According to them, the benefits of the reductions may only become evident after existing supplies have been exhausted and new consignments purchased at lower prices arrive.

The reported reduction in the price of kenkey from GH₵5 to GH₵3 has also attracted public attention. Some sellers have dismissed the claim, while one vendor reportedly responded sarcastically by questioning whether kenkey prices were influenced by movements in the exchange rate.

The situation has raised concerns among consumers, many of whom are questioning the accuracy of the price-reduction reports and why the alleged changes have not been reflected in local markets.

For now, consumers are waiting to see whether the reported reductions will translate into lower retail prices and provide relief from the high cost of essential goods.

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