Ghacem, the major player in the industry, has long been suspected of price-fixing.
Prices of cement range from 5.6 to 10 Ghana Cedis
But calculations commissioned by the Auditor-General suggest that it can be retailed at less than 4.6 Ghana Cedis.
Furthermore, Scancem, the owners of Ghacem, have been found on at least two occasions in ten years to be involved in price fixing in Europe, lending credence to the suspicion.
The government appears helpless in the face of the allegations with very little action being taken