There is some relief for Ghanaians this June as cement prices have started to drop. After several months of high prices, the cost of cement is finally coming down, following the improvement in the cedi’s exchange rate against the US dollar.
As of Tuesday 3rd June, 2025, a bag of cement is now being sold between GHS 110 and GHS 115 in many areas. In a few shops, the price is still around GHS 120, but this is still better compared to the earlier range of GHS 120 to GHS 130. However, there are some shops who still sell them at 130 cedis.
This change comes as good news to people in the construction business and individuals planning to build. For months, there had been pressure on suppliers to reduce the price of cement, especially after the cedi started gaining strength. The current exchange rate now stands at GHS 10.2 to the dollar, down from the previous high of GHS 16.
Cement sellers say the price drop is because they have started selling new stock, which was bought at the new, lower exchange rate. Previously, they were selling older stock purchased when the dollar rate was high, making it difficult to reduce prices.
While the prices have not dropped drastically everywhere, many believe it’s a step in the right direction. Ghanaians are hopeful that the cost of cement will continue to fall in the coming weeks if the cedi remains stable.
For now, the current cement price for June 2025 is between GHS 110 and GHS 130, giving some hope and relief to builders across the country.
