Ghana cement market

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Ghana cement market

CW Research, leader in customized market research solutions, releases the “Ghana Cement Market report”, a comprehensive review of the dynamic cement market.

The report covers cement volume trends in detail, analyzing trade flows, cement demand and production (historical and outlook), and the competitive landscape. This report also covers demand drivers, including macro-economic and construction sector dynamics, for the country. CW Research’s report is grounded in a regional perspective and provides a demand forecast through 2020.

The report highlights the impact on cement demand by the falling commodity prices of key commodities for Ghana (oil and gold). Multiple factors are changing the dynamics in Ghana, including the ongoing fiscal and energy crises confronting the country. Cement prices have been adversely impacted by the rather sharp fluctuations of the Ghanaian cedi in comparison to the US dollar.

Though limestone reserves exist in Ghana, volumes are limited; hence the cement industry continues to rely largely on clinker imports. Furthermore, investments in capacity capped compared to previous three years, with two new cement manufacturers preparing to enter the market.