Amid an intense debate over a proposed legislative measure led by Ghana’s Commerce and Business Minister, Ok.T. Hammond, geared toward regulating cement costs, cement producers have introduced plans to boost costs.
The previous Vice Chair of the Ghana Actual Property Builders Affiliation, Dr. Stephen Debrah-Ablormeti, revealed that cement costs had already elevated by GH₵10.00 in Could, with a further GH₵12.00 hike set for July 1.
He said that, a couple of days in the past, he was notified by cement producers that costs would improve once more beginning July 1.
“As of this morning, we acquired textual content message from the cement producers that efficient 1st of July, they’re growing it by 12 cedis.”
“The reality of the matter is that in case you are on a mission and it takes you 24 months to develop, giving the truth that cement contributes to about 70% of the constructing part, as soon as the value of cement is elevated, the value of block is elevated, worth of concrete is elevated, worth of plastering supplies are all elevated as a result of it’s the identical ingredient that impacts them by way of their parts.
So that you realise that you simply get on a mission from January, earlier than December this mission is already experiencing 30, 45% improve in price,” he mentioned.
Mr. Debrah-Ablormeti additionally talked about that the value of iron rods must be elevated as properly.
Over the previous two months, iron rod costs have risen by 28%.
“How will we handle our prices as builders? So, this isn’t getting humorous in any respect so we strongly help the place of the Honorable Minister to push this agenda and with the backing of the trade, we should always be capable of have some competitors that shall be equitable for all in the marketplace,” he added.
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