The Ghana Standards Authority has refuted a notice circulating on social media that falsely claims an increase in the price of cement by ¢6 per bag starting Monday, January 19, 2026, which would provide temporary relief to contractors, developers, and stakeholders in the construction value chain.
The Authority stated that no directive has been issued to modify cement prices, and the Cement Manufacturing Development Committee, of which the GSA is a member, has not approved any increase.
“The Ghana Standards Authority (GSA) wishes to inform the public that the notice regarding a ¢6 price hike for cement on Monday, January 19, 2026, is FALSE. The Cement Manufacturing Development Committee, which includes GSA, has not issued any such directive.
“We urge the public to be wary of misinformation and to verify through our official channels before taking any action,” the statement indicated.
This clarification arises amidst heightened sensitivity within the construction sector, where cement prices significantly impact project costs, housing delivery schedules, and overall competitiveness in the sector.
The misleading notice has caused uncertainty among builders, real estate developers, and suppliers, many of whom have been struggling with increased input costs over the past year.
Cement pricing continues to be a vital concern for the industry, especially as companies prepare budgets for ongoing and new projects in 2026, against a backdrop of decreasing inflation and relative stability in the cedi.
In the meantime, the Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, is scheduled to meet with cement manufacturers later today, in what is expected to be a government initiative aimed at reducing cement prices in accordance with improved macroeconomic indicators, while also addressing the operational and structural challenges facing the cement industry.
