Cost for a bag of concrete is expected to hit GH¢55 and GH¢60 from in a few days

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JoyBusiness resources confirm that from next week, the cost of a 50-kilo bag associated with cement is expected to increase from 45 Ghana cedis to 55 Ghana cedis. Outside of Accra, a handbag of cement could price $60. According to sources, the particular increase is due to the deterioration value of the Ghana cedi, recent increases in transport charges, and the Russian-Ukraine battle, which has disrupted logistics as well as the transport of some recycleables from abroad for nearby manufacture. In the short term, the growth may have an influence upon housing prices and the private budgets of many people who are right now building homes in the country. Producers have recently lobbied for your government to reconsider insight taxes and port charges. They had hoped that would assist the situation, particularly last year. Nevertheless , the administration did not focus on this. These producers thought that all by waiving some of these charges at the ports, the latest price increases would be decreased.

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