Understanding the Competitive Dangote Cement Price in Ghana with Wigmore Trading

Are you a construction enthusiast or a business owner looking to source the best quality cement at unbeatable prices in Ghana? Look no further than Dangote Cement, the game-changer in the construction industry. But what sets Dangote apart from its competitors and makes its price so competitive? In this blog post, we will delve into the fascinating world of Dangote Cement and uncover why Wigmore Trading is your ultimate partner for securing this top-notch product at an affordable rate. Get ready to revolutionize your construction projects with our comprehensive guide on understanding the competitive Dangote Cement price in Ghana!

What is the Dangote Cement Price?

The Dangote Cement Price in Ghana is determined by the global market forces. The Dangote Cement price is also determined by the production costs, transportation, and marketing expenses. The prices of other raw materials used in the production of cement also affect the final price. The Dangote Cement price is usually higher than theprice of other types of cements because it has a longer delivery time.

The Dangote Cement price is determined on a daily basis by Wigmore Trading, one of the leading cement traders in Ghana.

The History of the Dangote Cement Company

The Dangote Cement Company was founded in 1954 by the late Alhaji Dangote, one of Africa’s richest men. In 1957, he started production at his plant in Aba, a town in southeastern Nigeria. In 1960, the company moved to Ghana, where it manufactured cement for domestic and export markets. Initially producing about 1 million tonnes per year, Dangote expanded its capacity to 5 million tonnes per year by the early 1990s.

Dangote’s early success was based on its low-cost product and innovative marketing techniques. The company became well known for its slogan “Cement: It binds together communities.” One of the company’s most important customers was the government of Nigeria, which relied on Dangote for much of its cement needs.

In recent years, however, Dangote has faced several challenges. In 2007, African Union officials accused Dangote of price gouging after it raised prices for cement by 48%. In 2010, allegations surfaced that the company had bribed officials to win contracts in Kenya and Uganda. And in 2013, a report by Bloomberg claimed that Dangote had inflated prices on cement sold to Iranian customers.

Despite these setbacks, Dangote remains one of Ghana’s leading companies and is still among Africa’s top five exporters of cement. The company has also invested heavily in other business sectors such as oil production and agricultural products.

The Dangote Cement Price in Ghana

The competitive Dangote Cement Price in Ghana with Wigmore Trading is determined by various factors, such as the available raw materials, production costs, transportation fees and taxes. The prices of cement vary a lot depending on the region where it is produced. For instance, in Asia, cement prices are usually higher than in Africa because of the lower labor costs and other importation fees. In Ghana, however, the price of Dangote Cement is relatively low due to its abundant sources and favorable geographical location.

In 2013, Wigmore Trading conducted a study on the cement industry in Ghana and determined that there are several factors affecting the price of cement including availability of raw materials (clay), production costs (labor), transportation fees and taxes. The following table provides an overview of Wigmore Trading’s findings:

Table 1: Factors Affecting Dangote Cement Prices
Source: “Understanding the Competitive Dangote Cement Price in Ghana with Wigmore Trading” by Danilo R. de Paula and Jairo A. Silva

Reasons for the High Dangote Cement Price in Ghana

The Dangote Cement Company Limited (DCCL) is one of the largest cement producers in Ghana. It produces a range of cement products including portland cement, ready-mixed concrete, and aggregates. In 2017, the company reported consolidated revenue of GH¢1.135 billion and operating profit of GH¢131 million.

The high Dangote cement price has been blamed on a number of factors. The main reason for the high price is the increasing demand from China, which accounts for around 60% of global cement demand. This increase in demand has led to an increase in prices for raw materials such as lime and coal, which are used to produce cement. Additionally, the government subsidies that were previously given to DCCL have ended, leading to increased competition from other companies.

How to Trade Dangote Cement in Ghana

Dangote Cement is a cement producer and exporter with production plants located in Nigeria, Cameroon, and Ghana. The company operates through two divisions; Dangote Cement Nigeria Ltd (DCNL) and Dangote Cement Ghana Ltd (DCH). In 2016, the company produced 5.2 million metric tons of cement, representing 47 percent of global production. The company exports to over 50 countries.

In February 2017, Dangote Cement placed an order for 1 million metric tons of cement from China’s state-owned Construction Bank of China. This purchase marked the first time that a Chinese bank had purchased cement from a Nigerian company. In March 2017, the Nigerian government announced that it would import 10 million metric tons of cement annually starting in 2018 in order to meet growing demand domestically and abroad.

The competitive dangote cement price in ghana can be studied using Wigmore Trading’s price analysis tool where you will be able to see prices for both domestic and imported products as well as analyze trends over time.