Skip to content
Research Article Open access CC BY 4.0

The Impact of Macroeconomic Indicators on Cement Prices in Ghana

Mark Bediako, Eric Opoku Amankwah, Dela Adobor

Journal of Scientific Research and Reports · pp. 1–6 · Published 25 Dec 2015

10.9734/JSRR/2016/22961

Abstract

Portland cement is an important commodity in almost every part of the world. Its importance is visible in the construction and concrete industry which are very pivotal in the growth of major economies. In Ghana the construction industry is among the pillars the drives the economy. This study attempted to investigate the impact of some selected macroeconomic indicators on the performance of cement prices between the period of 2000 and 2014. The macroeconomic indicators studied were inflation rate, monetary policy rate and exchange rate. The study used multiple linear regression analysis for the interpretation of the inferential statistical data. The regression results showed that cement cost was not responsive to the trends in inflation and monetary policy rates. It was however responsive to trends in the exchange rate pattern showing a positive relation. To effectively control cement prices, the study recommends an effort to use local materials such as burnt bricks and calcined clay pozzolan which don’t need so much of foreign exchange for any form of importation.

Portland cement macroeconomic indicators linear regression inflation rate monetary policy rate exchange rate.

References (3)

  1. 1 The Impact of Macroeconomic Variables on Gross Domestic Product: Empirical Evidence from Ghana [DOI]
  2. 2 High Interest Rates in Ghana, A Critical Analysis
  3. 3 WHAT IS INFLATION? [DOI]

Cited by 13

Applying Hybrid Machine Learning for Construction Material Price Prediction and Procurement Cost Optimization

Tesfaye Gebregiorgis Atnafie · Journal of Emerging Computer Technologies · 2025

Review of Exogenous Economic Indicators Influencing Construction Industry

Richard Oduro Asamoah, Bernard Kofi Baiden, Gabriel Nani · Advances in Civil Engineering · 2019

Inflation and Reinforced Concrete Materials: An Investigation of Economic and Environmental Effects

Ahmed Yousry Akal · Sustainability · 2023

The potential of pulverised rabbit droppings as a soil stabiliser in compressed earth blocks

Andrews Ayer Teye, Humphrey Danso, Frank Ackon · Frontiers in Built Environment · 2026

Relative importance of triggers influencing cost contingency determination for building contracts - the perspective of quantity surveyors

Richard Oduro Asamoah, Kofi Offei-Nyako, Kwadwo Twumasi-Ampofo · International Journal of Construction Management · 2021

Modelling and Forecasting Concrete Demand for Sustainable Infrastructure Development in Developing Economies: Evidence from Ghana

Stanley Owuotey Bonney, Jianxue Song, Murendeni Liphadzi · Buildings · 2026

Showing 6 of 13 known citations — external sources report more than can currently be individually listed.

Related research

Article metrics

Real usage data collected on this platform.

29

Page views

0

PDF downloads

1

Outbound clicks

13

Citations

Views over time

Views by country

Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".

Traffic sources

Referring site, by host.

Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.