Dangote CEO Wins Building and Construction Industry Award

Mr Tor Nygard, Chief Executive Officer of Dangote Cement Ghana Limited has been awarded the building and construction Chief Executive of the year 2016 at the Ghana Entrepreneur and Corporate Executive Awards 2017. The award is in recognition of his leadership towards the growth of the cement industry in Ghana. Receiving the award, Mr Nygard … Read more

GHACEM Rewards Customers

GHACEM Limited has held its annual Customer Appreciation event to acknowledge the immense contributions of its customers and distributors in 2016. The event, which was held in Takoradi, saw over 75 customers receive various awards for their loyalty. The event forms part of the GHACEM’s 50th anniversary celebration, which is on the theme, ‘Celebrating Golden … Read more

‘Competition Needed To Ensure Market Efficiency’

“In a competitive market both consumers and producers are presented with affordable and wider choices of quality goods and service and this brings about efficiency in allocation of resources, thus the benefits of a competitive market cannot be overlooked. In a an emerging economy like Ghana, it is important to embrace the need for a … Read more

‘Cement ‘war’ Good For Building Industry’

Competition in the cement industry has been identified as a fundamental tool to ensure that cement becomes affordable. The Centre Coordinator for CUTS International, Mr Appiah Kusi Adomako, said such competition in the market was healthy because it led to lower prices of goods and services, provided better service and wider options for consumers, stimulated … Read more

Increased Competition To Drive Down Cement Prices

Ghana is expected to become self sufficient in cement production by the first quarter of 2017 with the construction of more cement factories across the country. Cement production in Ghana currently hovers around 6 million tonnes. The figure is expected to go up to 9.2 million tonnes in 2017 with the coming on board of … Read more

ICU Urges Trade Minister To Salvage The Local Cement Industry

The Industrial and Commercial Workers’ Union (ICU) Ghana has called on Dr Ekwow Spio Garbrah, the Trade and Industry Minister to take immediate actions to salvage the local cement industry. Mr Solomon Kotei, the General Secretary of the Union, said at a press conference organised in Accra, that the government was pushing the local producers … Read more

ICU Cautins Gov’t Over Increasing Cement Import

The Industrial and Commercial Workers Union (ICU) has waded into the ongoing debate in the cement industry on unfair practices which are collapsing local industries. The ICU said if the government does not act swiftly to stem the influx of cheap imports on the market, the consequences will be dire for Ghana. At a news … Read more

Dangote Focused On Growing Ghana’s Economy

The Dangote Group of Companies are focused on contributing to the economic growth of Ghana through job creation and the payment of taxes and would, therefore, not be drawn into any smear economic campaign. “Within only six years of operating here in Ghana, we have, as of today, over 2,000 workforce on our payroll,” he … Read more

Dangote Not Flouting Trade Regulations In Ghana

The Chief Executive officer (CEO) of Dangote Cement Ghana Ltd, Tor Nygard has revealed the company’s commitment to delivering world standard product to the Ghanaian market coupled with customer satisfaction is the main reason for the ground breaking success their product has chalked in the cement industry. Addressing a press conference in Tema with tremendous … Read more

Intervene In ‘cement Wars’

The Paramount Chief of the Aflao Traditional Area, Togbui Amenya Fiti IV, has appealed to President John Mahama to intervene in what he termed as the “cement war” raging in the country. Some residents of the Aflao have in recent times demonstrated over what they term the unhealthy competition faced by the local cement company … Read more

Cement War Has Helped Shatter Monopoly

An important development in our cement industry has been the introduction by government of price deregulation, to neutralise local producers’ market monopoly and incidents of cement shortage. Local producers had captured the lion share of the market and had made the greatest impact on retail prices, but when Dangote and other foreign firms jumped in, … Read more

Trade Ministry Clarifies Role of Cement Monitoring Committee

The Trade and Industry Ministry has clarified the brewing impasse between it and the Cement Manufacturers Association (CMA). In a statement released Monday, sector Minister, Dr Ekwow Spio-Garbrah explained the role of Cement Monitoring Committee (CMC) which he said is mandated to advise him and make recommendations. “However, the L. I does NOT mandate the … Read more

Dangote Shakes Ghacem; Stabilises Cement Price

The management of Dangote Cement Plc says the company is well positioned to become the leader of the cement industry in Ghana and Africa within the shortest possible time. The Group Head, Corporate Communications of Dangote Industrial Limited, Anthony Chiejina, told Business Day in Lagos that Dangote Cement’s competitors in Ghana such as Ghacem must … Read more

Local Cement Supply Short of Demand – Spio Garbrah

The Minister of Trade and Industry, Dr Ekwow Spio Garbrah has told Citi Business News Ghana does not possess the capacity yet to provide the needed quantity of cement to satisfy the country’s cement demand. According to him, the quantity manufactured in Ghana is not enough to meet demand. “The ministry is actually seeking an … Read more

Dangote Rejects Accusations of Threatening Ghana’s Cement Industry

Cement manufacturing company Dangote has rejected accusations leveled against it by some local operators that its activities in Ghana are threatening the entire cement industry. The operators, including Ghana Cement (GHACEM) and Diamond Cement, blame the Nigerian company for their dwindling fortunes accusing the cement giant of engaging in unfair competition that threatens local businesses. … Read more

Ghacem Reacts To Cement Price War Story

We are compelled to reluctantly offer some education to the unsuspecting readers of the above write-up which was unfortunately published as a front page story on the Daily Graphic of Tuesday October 4, 2016 with extensions on pages 3 and 20. We wish to state nevertheless that Ghacem is not against any such needed education … Read more