Steel manufacturers in Ghana have assured the public that prices of steel products will remain stable, following several government interventions and the continued stability of the Ghanaian Cedi. The announcement comes after efforts by the government to support critical industries and ensure price stability in the economy.
The assurance was given on Friday, 23 January 2026, when the Minister for Trade, Agribusiness and Industry, Hon. Elizabeth Ofosu-Adjare, met with steel producers at the Ministry’s Conference Room in Accra to discuss operational challenges and government support for the sector.
Speaking on behalf of the steel industry, the Chairman of B5 Plus Ltd., Mike Thakwani, emphasized that despite certain challenges affecting the sector, manufacturers are committed to keeping steel prices unchanged. He further assured the public that steel products would continue to be readily available in markets across the country. Mr. Thakwani expressed appreciation to the Ministry for its ongoing support and cooperation, highlighting that consistent government engagement has helped the industry navigate operational and market pressures.
Hon. Elizabeth Ofosu-Adjare praised the steel manufacturers for their significant contribution to national development and economic growth. She noted, “The government has carefully listened to the concerns raised by steel manufacturers and is committed to taking the necessary steps to address them appropriately.” She highlighted that manufacturers had raised several operational issues and sought government support to address them, a request that the Ministry is actively considering.
The Trade Minister further reiterated the government’s commitment to maintaining a close partnership with the steel sector. “We remain committed to working closely with the industry to ensure the sustained growth and development of Ghana’s steel sector,” she said, acknowledging the sacrifices manufacturers make to support national economic stability.
The steel industry is a key driver of Ghana’s industrial and infrastructure development, supplying materials critical for construction, manufacturing, and various other sectors. Price stability in the steel sector not only benefits construction and real estate projects but also helps maintain affordable costs for consumers and businesses alike.
The meeting also reflects the government’s ongoing efforts to support local industries amid global market fluctuations and domestic economic pressures. The government is maintaining a stable Cedi and providing targeted interventions to protect both manufacturers and consumers, ensuring that essential commodities such as steel remain accessible and competitively priced.
