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Manufacturers have said that the price of a bag of cement will rise by more than 5ghc beginning on June 15th and that it is anticipated that the retail price will be 66ghc.
According to sources inside the business, clients in Accra would be the most impacted by this rise. This is because some manufacturers wish to offset the expenses of shipping to customers in other locations.
One of the manufacturers said in an interview with Joy Business that “we are able to control the manufacturing pricing, but we are not sure about the retail price on the marketplaces in other countries.”
On the other hand, “we will do our best to absorb part of the expense of decreasing the margin of growth once the shipping charges and other relevant costs have been added to the product.”
The manufacturers have ascribed the rise to a variety of problems, the majority of which they have been working to address for a considerable amount of time.
They point to a few difficulties as some of the elements that are causing the rise, including the devaluation of the Ghana cedi, increases in the pricing of petroleum items, and increases in the fees for public transportation.
They also stated that their condition has been made worse by supply constraints on their manufacturing inputs and difficulty importing various raw materials owing to events in Russia and Ukraine. This, they said, has exacerbated the problem that they are already facing.
The manufacturers have also voiced their displeasure with some port fees, claiming that this leaves them with little option other than to pass the costs on to the end customers.