Ghanaians were recently stirred by widespread claims on social media that cement prices had seen a major reduction. The posts, which quickly gained traction, alleged that the cost of a 50kg bag of cement had dropped from GHS130 to GHS82. For many, especially prospective builders and small-scale contractors, the news was met with excitement and a sense of financial relief.
However, a closer look into the matter has shown that these claims are not grounded in fact. On Monday, 19th May 2025, Oyerepa FM conducted a follow-up investigation to determine the accuracy of the information. Reporters reached out to multiple cement dealers in key regions across the country, including Accra, Kumasi, Takoradi, and Tamale.
The feedback from dealers was unanimous: there has been no official reduction in the price of cement. Retailers confirmed that as of that date, cement is still being sold between GHS125 and GHS130 per bag, depending on the specific brand and location.
Retailers expressed concern over the misinformation spreading online, calling the viral reports unfounded. They urged the public to approach such claims with caution and seek confirmation from credible sources before making purchase decisions.
“We’ve received several calls from customers who came in expecting a huge discount, but unfortunately, nothing has changed,” one Accra-based dealer told Oyerepa FM. “Prices remain stable because we haven’t received any directive from the manufacturers regarding a cut.”
Many assumed that the recent appreciation of the Ghanaian cedi against the dollar would automatically lead to a fall in the cost of cement and other imported goods. While dealers acknowledged the improved exchange rate, they emphasized that pricing decisions ultimately rest with the manufacturing companies.
They noted that if the cedi continues to perform strongly, a reduction might occur in the near future. Still, they were quick to point out that such a shift would depend on how long the favorable economic conditions persist and whether producers see it as sustainable enough to adjust prices accordingly.
The situation has led to confusion and disappointment among consumers who had anticipated savings on construction materials. Some have even paused their projects in hopes that a price drop might still materialize. Others argue that cement manufacturers should act swiftly to reflect the gains of the local currency in their pricing structures.
At present, the widely circulated claim that cement is being sold for GHS82 is false. The prevailing market rate remains firmly between GHS125 and GHS130.
This episode serves as a reminder of the importance of verifying information before sharing or acting on it. As of 19th May 2025, there is no confirmed price reduction for cement in Ghana. Citizens are encouraged to stay informed through reliable media and trusted business sources.
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