Cement: HeidelbergCement Denies Rumors of Price Hike

Public Management
Friday, 22 September 2023 15:38
Cement: HeidelbergCement Denies Rumors of Price Hike

(Togo First) - A ton of Cimtogo cement currently costs CFA81,000. The price cap was announced on September 20 by HeidelbergCement which makes the product. 

The firm made the public announcement to end price hike rumors that went viral online. In its statement, HeidelbergCement said it did, indeed, "re-adjust its pricing structure" on September 18, 2023, but the new prices do not exceed the limit set by the government.

Since October 2021, the government, via the Ministry of Trade and local consumption, capped the ton price of cement at CFA81,000, or CFA4,050 per 50kg-bag. The move tackles the recent speculations on cement prices across the country.

Esaïe Edoh

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