From next week, the price of a 50-kilo bag of cement is expected to climb from 45 Ghana cedis to 55 Ghana cedis.
The increase, according to Joybusiness, can be attributed to the devaluing Ghana cedis, recent increases in transportation charges, and the Russian-Ukraine war, which has hampered logistics and the transport of some raw materials from abroad for local manufacture.
In the short term, the development may have an influence on housing prices and the personal budgets of many people who are now building homes in the country.
Manufacturers have recently pressed for a re-examination of input taxes and port fees by the government.
They had hoped that would help the situation, particularly last year.
However, the administration did not pay attention to this.
These producers anticipated that by waiving some of these fees at the ports, they could have halted the recent price increases.
