Dangote Cement - April 2019

Cement prices in Ghana have risen for the second time in two months with producers in the country blaming the latest increase in the depreciation of the Ghanaian cedi. Dangote Cement has increased its 42.5 grade product from GHS32.55 (US$6.36)/bag to GHS35.55/bag. The currency crisis is also being blamed for a 20 per cent rise in the price of bread in the country and an uptick in fuel prices at filling stations across Ghana. 

Meanwhile, construction of Dangote’s 3Mta cement plant near Abidjan, Côte d'Ivoire, is now at an advanced stage with more than 80 per cent of the equipment supplied. Finally, the company is reportedly experiencing issues exporting product to Benin. Despite Dangote’s Ibese plant being located less than 30km from the Benin border, Benin is importing more expensive cement from China instead, according to Dangote Cement Chairman, Aliko Dangote.