Cement prices still rising despite new Legislative Instrument – GREDA

Ghana's recently enacted Legislative Instrument (L.I.) on cement price regulation, intended to stabilize costs and ease financial pressure on developers, has been criticized for failing to curb the rising cost of building materials, including cement.

Passed on September 5, 2024, the law initially required manufacturers to obtain government approval for price-setting, a provision later dropped due to opposition from manufacturers and the public.

Despite assurances from the Ministry of Trade and Industry that the legislation would lower prices, the Ghana Real Estate Developers Association (GREDA) is dissatisfied with its impact.

Speaking at the Diaspora Property Expo 2025, GREDA’s Executive Secretary, Samuel Amegayibor, stated that prices have continued to rise since the L.I.'s implementation, leaving stakeholders unconvinced of its effectiveness in addressing the issue.