The Chamber of Cement Manufacturers, Ghana (COCMAG), has petitioned the government through the Ministry of Trade, Agribusiness, and Industry about the significant surge in the Free on Board (FOB) values on key raw materials used in cement production.
In a letter directed to the ministry and dated April 13, 2026, the Chamber expressed that the adjustments introduced without adequate stakeholder consultation, have imposed considerable cost pressures on manufacturers.
According to the petition, the FOB value of clinker has risen from 40 dollars to 136 dollars per metric ton, while the FOB value of granulated furnace slag has increased from 3 dollars to 40 dollars per metric ton.
“Such increases appear inconsistent with prevailing global market trends and threaten the competitiveness of the cement industry,” the petition, signed by the Chambers’ Chief Executive Officer, Dr George Dawson-Ahmoah, noted.
It indicated that the development could significantly raise production costs due to higher duties and taxes, ultimately leading to an increase in cement prices.
It further cautioned that this development could negatively impact construction, housing, and infrastructure projects across the country.
In light of the above, the Chamber is calling on the government to review the new FOB values and engage industry players to ensure a fair and sustainable framework for the sector.
It further expressed commitment to supporting the government’s industrialisation agenda and would welcome the opportunity for further engagement on this matter.
