Cost of Building Eases Sharply as Inflation Falls for Ten Straight Months
The Ghana Statistical Service has revealed that the cost of building in Ghana is now rising at a much slower pace, with building cost inflation dropping to 2.4% in February 2026, down sharply from 23.7% recorded in February 2025.
The Prime Building Cost Index, which measures changes in the cost of construction inputs including materials, labour, and plant, serves as a key indicator for tracking price pressures in Ghana’s construction sector and helps inform planning decisions by developers, contractors, and policymakers.
The decline marks ten straight months of falling building cost inflation, with electrical works, tiles, and glazing identified as the key drivers together accounting for 92% of the current 2.4% inflation rate. On the other hand, cement, steel, coarse aggregates, fine aggregates, and bathroom accessories helped pull inflation down by a combined 56%.
The Data from the Statistical service also revealed that price movements within the sector remained mixed with Toilet accessories recording the steepest price rise at 10.8%, while cement prices actually fell by 7.1%, highlighting the uneven pressures across different building material categories.
Labour, materials, and plant costs all inflated at between 2.4% and 2.6%, slow and broadly stable though the Ghana Statistical Service noted that materials remain the main short-term concern for builders and developers across the country.
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