Cement manufacturers in Ghana have lodged a formal complaint with the Ministry of Trade and Industry over escalating raw material prices, which they say are unjustified and placing heavy strain on their operations.
They warn that the trend could destabilise the industry if not addressed promptly.
According to the producers, the cost of key materials required for cement production has risen sharply, affecting the efficiency and sustainability of their operations.
They explained that these increases are squeezing profit margins and making it challenging to maintain output without raising prices for consumers.
Their concerns come amid speculation that competition could drive cement prices down.
However, manufacturers argue that such expectations are impractical given the current high cost of production, noting that significant price reductions would place them under financial pressure.
Stakeholders in the industry warned that continued cost increases could lead to price hikes, limited supply, and setbacks in the construction sector.
They emphasised that fluctuations in cement pricing could have far-reaching effects on housing, infrastructure development, and the wider economy.
They are therefore calling on the government to take urgent action by examining the raw material supply chain and collaborating with key industry players to stabilise costs.
They stress that timely intervention is essential to avoid further disruptions and maintain market balance.
The situation has also sparked renewed debate about production costs and affordability within the building sector.
Experts note that cement is a critical component in construction, and persistent price increases could raise the cost of living, especially in cities with high housing demand.
Although the Ministry has yet to respond, the issue is likely to become a major topic of discussion among stakeholders seeking solutions.