Business News of Tuesday, 31 May 2011

Source: GNA

Price of cement up in Volta Region

Ho, May 31, GNA - The price of cement has gone up in the Ho Municipality from GH¢12.00 to GH¢15.00.

On Tuesday, the commodity was available in only one store, Donwill, which received a limited supply and sold a bag for GHC15.00. Many customers who rushed there to buy the commodity retreated complaining about the price hike.

Mr John Mokli, a contractor in Hohoe, told the GNA that the commodity had been in short supply in the Municipality since the beginning of May.

He said that the limited quantity that been supplied were often sold at GHC14.00 per bag. The situation is the same at Aflao. Mr James John, Commercial Manager of Diamond Cement Limited at Aflao, attributed the shortage to the closure of the Lome Port in Togo for renovation.

He said the factory could, therefore, not get its supply of clinker through the Lome Port but through the Tema and Takoradi Ports in Ghana, a situation which was affecting the company's production level greatly. He, however, assured that the situation would return to normal in a month's time when the renovation works at the Lome Port were scheduled to be completed. 31 May 11