The Ghana Standards Authority dismissed as bogus a message circulating on social media saying that the price of cement would increase by GHc6 per bag on Monday, January 19, 2026, offering temporary respite to contractors, developers, and participants across the construction value chain.
According to the Authority, no direction to adjust cement pricing has been issued, and the Cement Manufacturing Development Committee, on which the GSA serves, has not approved any upward revision.
“The Ghana Standards Authority (GSA) wishes to inform the public that the notice circulating about a ¢6 price increment of cement on Monday, 19th January, 2026, is FALSE . The Cement Manufacturing Development Committee, which includes GSA, has not issued any such directive.”
“We advise the public to be cautious of false information and verify with our official channels before taking any action,” the statement read.
The explanation coincides with increased sensitivity in the building industry, where cement prices have a direct impact on project costs, housing delivery schedules, and the competitiveness of the industry as a whole.
Builders, real estate developers, and suppliers, many of whom had already been struggling with increased input costs during the previous year, were left feeling uneasy by the false announcement.
Cement price is still a major concern for the sector, especially as businesses prepare budgets for both new and continuing projects in 2026 in light of the cedi’s relative stability and declining inflation.
Elizabeth Ofosu-Adjare, the Minister for Trade, Agribusiness, and Industry, is scheduled to meet with cement manufacturers later today in what is expected to be a government push for cement prices to drop in accordance with improved macroeconomic indicators while also addressing the structural and operational issues facing the cement industry.
Source: newsthemegh.com