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Home Featured

GSA stops cement price panic, says no increase approved

Mabel Boamah by Mabel Boamah
5 months ago
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GSA Stops Cement Price Panic, Says No Increase Approved
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Ghana Standards Authority has moved to calm growing anxiety within Ghana’s construction sector after dismissing as false a viral notice claiming that cement prices would rise by ¢6 per bag from Monday, January 19, 2026.

In a public statement, the Authority said it had not issued any directive approving a price adjustment and clarified that the Cement Manufacturing Development Committee—on which the GSA serves—has taken no decision to increase cement prices.

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“The Ghana Standards Authority wishes to inform the public that the notice circulating about a ¢6 price increment of cement on Monday, 19th January, 2026, is false,” the statement said, urging consumers and industry players to disregard the information and rely only on official communication channels.

The clarification has brought immediate relief to contractors, developers and suppliers, many of whom had expressed concern that another price increase would further strain construction budgets, delay projects and push up housing costs.

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Cement pricing remains a sensitive issue within Ghana’s construction value chain, directly affecting infrastructure delivery, private real estate development and employment across related industries. The false notice had sparked uncertainty at a time when businesses are planning for 2026 amid easing inflation and relative currency stability.

Read Also: GOIL announces new fuel price cuts as petrol drops

Industry players say the spread of unverified information has the potential to distort markets and fuel speculative price adjustments, underscoring the importance of timely regulatory intervention.

Meanwhile, the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, is expected to hold discussions with cement manufacturers later today. The engagement is anticipated to focus on pricing dynamics, operational challenges and the possibility of aligning cement prices with improving macroeconomic indicators.

Government sources indicate that the talks form part of broader efforts to stabilise prices across critical input markets and ensure that recent economic gains translate into lower costs for businesses and consumers.

The GSA reiterated its commitment to transparency, consumer protection and market stability, cautioning the public against acting on unverified notices capable of disrupting key sectors of the economy.

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Tags: Cement IndustryCement PricesConstructionConstruction SectorGSA
Mabel Boamah

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