GHACEM, a local cement producer, has pledged to reduce the price of its cement products if raw material and freight costs fall in the coming weeks.
Notwithstanding these interventions made in recent years, the corporation claims to be committed to the country’s development.
Stefano Galini, the Managing Director of GHACEM, indicated that the recent increase in cement prices is due to the significant costs spent during production.
Due to external factors and growing raw material costs, the retail price of cement increased somewhat in February of this year.
According to Mr. Galini, the situation has harmed the company’s profitability because of the numerous actions aimed at preventing consumers from paying the full price of the commodity.
“We have been exposed to many high rising costs of raw materials, freight, and other components in the production of our cement products for the past seven to eight months, such that we have to take care of it in order not to pass it over to the consumer, looking at the economic situation.”
“However, let me say we commit to adjusting the price downwards if the cost of freight is reduced. For us, other raw materials can be sourced at lower prices,” he noted.
He also stated that discussions with the Ghana Port and Harbours Authority are underway to resolve certain concerns about port handling costs, which contribute to the company’s cost of production.
Source: Mybrytfmonline/Ben-Dave A. Osei-Bonsu
