Despite growing buzz on social media about a drop in cement prices—particularly GHACEM 32R—retail checks across the market tell a different story.

Traders say the recent appreciation of the Ghana cedi has not translated into lower prices at the counter. GHACEM 32R is still retailing at around 120 cedis per bag.

At a time when the cedi is enjoying one of its strongest runs in years, expectations are high that the cost of goods—especially imported and other critical products like cement—will follow suit.

But traders in parts of Accra have dismissed the claims making the rounds online, saying cement prices have not only held steady, but in some cases, seen slight increases over the last two quarters.

As of February 2025, cement prices had surged by 9 cedis to sell at GHS 120.

“There hasn’t been any price reduction. I even placed an order at 105 cedis per bag, and I’m yet to receive it—so all those reports are just hearsay,” Atta Boafo- a retailer opined.

David Nartey another retailer rejected the social media claims stating that:”I received my goods today and the factory price is GHS 120 and I retail it at GHS 130.”

They argue that factors such as high transport costs, rising input prices, and supply chain constraints continue to weigh on pricing—making it difficult for recent currency gains to reflect immediately at the retail level.

“We understand clinker is in short supply, so if there’s enough of it—and that combines with the stable exchange rate—it could push prices down and offer some relief,” another retailer added.

For most of the traders they impressed on the government to help address the issue of clinker shortages before consumers can think of any price reduction.