The Ghana Statistical Service has released the March 2026 edition of its Prime Building Cost Index(PBCI) and Inflation with year on year inflation down from 2.4% in February and 23.6% a year ago to 2.2% – eleven straight months of declining inflation.
The report also revealed that even though prices are still rising in the short term generally, building cost increased slowly by 0.8%.
Year on year labor inflation also slowed down to 1.6% in March 2026 having previously been 2.4% in February 2026. Materials inflation also reduced by 0.1% from the 2.4% recorded in February 2026 with plant/equipment inflation still remaining at the 2.6% also recorded in February 2026 pointing to materials and plant as the main sources of price pressure in construction.
The data further revealed stark differences in price movement across individual construction inputs with Glazing recorded the sharpest increase, with inflation at 11.9%, while cement moved in the opposite direction, posting a deflation of 8.3%.
The Prime Building Cost Index (PBCI) is a monthly measure by the Ghana Statistical Service (GSS) tracking construction cost changes for materials, labor, and equipment
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